Corporate Member Resources

• Wednesday August 5 | 1pm ET – AARP Listening Session on the Future of Small Business. Join AARP, Main Street America, the United States Hispanic Chamber (USHCC) and the Association of Women Business Centers for a conversation on the future of small business in America. The COVID-19 pandemic and subsequent economic recession have strained small businesses across the country. Many small businesses have closed their doors, and many more are struggling to survive. AARP has set out to begin a listening tour to hear from small business owners and business leaders across the country to gain a better understanding of how they can be helpful. Register Here!In this event you’ll learn about:

• • The importance of a caregiving friendly workplace
  • How communities and organizations are responding to COVID-19
  • The impact of COVID-19 on minority businesses

• AARP has issued a new bulletin on How Life Will Change After the Pandemic.

Articles on COVID-19’s Impact on Small Businesses:

• Black Business owners Had a Harder Time Getting Federal Aid, a Study Finds
• Small businesses rehire staff but cut pay and hours, survey finds
• Coronavirus forced job cuts at a third of small businesses
• Lowe’s More Than Doubles Small Business Grant Program to $55 Million, Expands Minority Grant Offering and Extends Reach to Rural Communities
• Small Businesses Got Help During the Pandemic; They May Need More
• Thousands of Small Business Owners Have Not Gotten Disaster Loans the Government Promised Them
• SBA grant program attracting the wrong kind of attention
• Coronavirus cost jobs at a third of small firms open in May: global Facebook survey
• The existential threat to small business
• Covid-19 Whiplash Jolts California’s Small Businesses
• Small-Business Owners’ Optimism Ticks Up From April
• Global State of Small Business Report
• Across metro areas, COVID-19 relief loans are helping some places more than others

Small business owners show an incredible amount of courage and grit to run their business every day—and we understand it’s taking every ounce of that strength to problem solve in today’s uncertain time. We want to provide immediate ways to help. Please see a compilation of resources at this link.

• Website Recording: Getting a win-win. Effective Negotiations in Stressful Times, July 9, 2020.Here are the presentation slides for your convenience as well as other resources below:
  1. Click here – webcast replay starts 00:07:52; password: YnyrSih3
  2. Click here – COVID-19 resources for entrepreneurs and mid-market private companies
  3. Click here – Private company resources from EY

  EY is committed to helping you see your way through this very challenging time and will continue to offer relevant, bespoke content to help you, your people and your company move from focusing on recovery to thriving in the next and beyond.

• EY provides updated guidelines for borrowers – On June 3, the Senate approved for President Trump’s signature a House-passed bill (H.R. 7010) that would extend the Coronavirus Aid, Relief, and Economic Security (CARES) Act Paycheck Protection Program (PPP) loan forgiveness covered period from 8 weeks to 24 weeks.It would also reduce the percentage of eligible payroll expenses to 60% of the PPP loan amount, giving small businesses more flexibility in how they spend federal loans provided by the PPP. Other updates were also approved.We hope the explanations of the updated guidelines in the attached FAQ will be helpful to you if you are a PPP borrower or intend to be one.Please reach out to your local EY contacts if you have specific questions or want to explore how we can support your company at this time.
• EY.com COVID-19 Insights
• EY Tax Policy Tracker
• Latest EY Tax Alerts: sign up for the newsletter here (select Government & Public Sector and Health & Life Sciences under Industry)
• EY Accounting Link: accounting and financial reporting considerations for COVID-19
• Webcast: COVID-19 and the resilient enterprise: how to lead through uncertainty
• What boards can do to enhance oversight in times of uncertainty
• EY Finance Navigator is available year-round at not-for-profit rates for impact start-ups; currently one month free to all startups given COVID-19
• The free EY Velocity tool helps entrepreneurs focus on urgent priorities an assess themselves against the EY 7 Drivers of Growth framework
• A COVID-19 resource page where we have curated relevant information and guidance specifically for entrepreneurs and private companies.
• Answers to frequently asked questions regarding the Small Business Administration (SBA) Paycheck Protection Program (PPP)
• An eligibility flowchart for the PPP and Economic Industry Disaster Loan (EIDL) to help you determine which CARES Act program is best suited for your need
• EY invites you to watch on demand EY World Entrepreneur Of The Year™ 2020, a groundbreaking virtual experience unlike any before. In collaboration with CNBC Catalyst, they recognized the unstoppable entrepreneurs whose ambition helps create a better world.

• New York Fed Looks to Expand 13(3) Facilities Counterparties and Agents for CPFF, SMCCF and TALF

• Heterogeneity: A Multi-Part Research Series (Series III Now Available)

• IBM’s COVID-19 page
• Up-to-date COVID-19 information with AI from Watson
• IBM’s page for Business Solutions for COVID-19 disruption including:
  • Ensuring business continuity
  • Addressing new cybersecurity risks
  • Engaging all customers virtually
• IBM is offering online learning and events:
  • Free Remote Learning: Technology and educational content to help teachers, students and parents stay connected and engaged
  • Open P-TECH offers you free digital learning on the tech skills of tomorrow!
• Check out the upcoming events!
  • For Students, Parents and Teachers
  • Data Science and Cognitive Computing Courses
• IBM Coursera: IBM has partnered with Coursera for the delivery of several courses, specializations and Professional Certificates aligned with in-demand job roles in the workforce

Prudential has provided some great articles on topics that you may be thinking about at this time:

• Seven Ways to Focus on Your Future
• Don’t Let Market Volatility Crack Your Nest Egg
• When You are Nearing Retirement & Account Value is Failing normalcy

UPS is continuing its support of small businesses during the Coronavirus pandemic. Click here to see how are doing so with information on how to:

• Increase your cash flow
• Immediate fulfillment help
• See outbound and inbound shipping remotely