Race changing technology.

from March Member Exchange

by Greater Newport Chamber of Commerce

LEAD IT. Film Screening & Panel Discussion

Official Clothing Vendor

FMLA’S MILITARY FAMILY

from the foreign deployment of the employee’s covered family member with t

Tuesday, March 28, 2023 11:00 am – 12:00 pm

The webinar is free of charge, although registration is required. TO REGISTER, PLEASE CLICK HERE OR GO TO http://ow.ly/4fii50MLOSM the webinar’s start, you will be

Please contact Lana Glovach at 401 -528-4575 or Lana.Glovach@sba.gov with any questions you may have about this webinar.

Disaster Field Operations Center East

Under this declaration, the SBA’s and terms are set by the SBA and are based on each applicant’s financial condition. These Electronic Loan Application (ELA) via the SBA’s secure Disaster loan information and application forms may also be obtained by calling the SBA’s Customer

. Loan applications can be downloaded from the SBA’s website at

U.S. SMALL BUSINESS ADMINISTRATION FACT SHEET – ECONOMIC INJURY DISASTER LOANS

(SBA DISASTER DECLARATION DUE TO DESIGNATION BY THE SECRETARY OF AGRICULTURE)

RHODE ISLAND Declaration 17591

(Disaster: RI-00025)

Incident: DROUGHT occurring: August 9, 2022 and continuing in the Rhode Island counties of: Bristol, Newport, Providence, and Washington; the contiguous Rhode Island County of: Kent; the contiguous Connecticut counties of: New London and Windham; the contiguous Massachusetts counties of: Bristol, Norfolk, and Worcester; and the contiguous New York county of: Suffolk

Application Filing Deadline: April 17, 2023

Disaster Loan Assistance Available:

Economic Injury Disaster Loans (EIDLs) – Working capital loans to help small businesses, small agricultural cooperatives, and small businesses engaged in aquaculture, and most private, non-profit organizations of all sizes meet their ordinary and necessary financial obligations that cannot be met as a direct result of the disaster. These loans are intended to assist through the disaster recovery period.

Credit Requirements:

• Credit History – Applicants must have a credit history acceptable to SBA.

• Repayment – Applicants must show the ability to repay the loan

• Collateral – Collateral is required for all EIDL loans over $25,000. SBA takes real estate as collateral when it is available. SBA will not decline a loan for lack of collateral, but SBA will require the borrower to pledge collateral that is available.

Interest Rates:

The interest rate is determined by formulas set by law and is fixed for the life of the loan. The maximum interest rate for this program is 3.040 percent.

Loan Terms:

The law authorizes loan terms up to a maximum of 30 years. SBA will determine an appropriate installment payment based on the financial condition of each borrower, which in turn will determine the loan term.

Loan Amount Limit:

The law limits EIDLs to $2,000,000 for alleviating economic injury caused by the disaster. The actual amount of each loan is limited to the economic injury determined by SBA, less business interruption insurance and other recoveries up to the administrative lending limit. SBA also considers potential contributions that are available from the business and/or its owner(s) or affiliates. If a business is a major source of employment, SBA has the authority to waive the $2,000,000 statutory limit.

Loan Eligibility Restrictions:

• The applicant business must be located in the declared disaster area

• Only uninsured or otherwise uncompensated disaster losses are eligible.

• The economic injury must have been the direct result of the declared disaster.

• Nurseries are only eligible for economic injury caused by declared drought disasters.

• By law, agricultural enterprises such as farmers and ranchers are not eligible for any type of SBA assistance.

• Applicants who have not complied with the terms of previous SBA loans are not eligible. This includes borrowers who did not maintain flood and/or hazard insurance on previous SBA loans.

• Loan assistance is available only to the extent the business and its owners cannot meet necessary financial obligations due to the disaster. This determination is made by SBA.

Over the past few months, a company named Elite Sports Promos has been contacting businesses in our community claiming they are working in association with Middletown High School Athletics. Representatives from this company are attempting to sell advertisements which they falsely claim will be displayed during upcoming athletic events and at MHS athletic facilities. Elite Sports Promos further claim that all funds they raise will be given to MHS athletics. Please be aware that Elite Sports Promos has absolutely no affiliation with Middletown High School Athletics or the Town of Middletown. Any such claims by this company are untrue. Elite Sports Promos has attempted to defraud businesses in several other states in a similar manner and have an “F” rating with the Better Business Bureau. Any business who has been contacted by Elite Sports Promotions and purchased advertisements from this company should contact their local police department. Please pass on this information to any local businesses which may be impacted.

Any business who wishes to contribute to Middletown High School Athletics can do so by contacting Middletown Athletic Boosters or go their website at middletownathleticboosters.org or contact Middletown High School directly.

858 West Main Road

Middletown, RI 02842

FOR IMMEDIATE RELEASE

Contact: Courtney Hunter

401.846.8930 ext.: 1218 chunter@peoplescu.com

PEOPLE’S CREDIT UNION BEGINS MAJOR RENOVATIONS OF MIDDLETOWN HEADQUARTERS’ BRANCH

MIDDLETOWN, RI (March 8, 2023 ): People’s Credit Union has begun major renovations to their branch at 858 West Main Road in Middletown. The welcoming and innovative redesign, expected to be completed in July, is focused on providing an even higher level of personal member service as well as a number of self-service technology upgrades. Although the branch lobby will be closed during the renovations, the five-lane drive-up and drive-up ATM will be open. Expanded branch hours at the Credit Union’s Newport and Portsmouth locations are also available.

For the redesign, People’s engaged PW Campbell, a leading financial services design firm based in Pittsburgh, PA. The actual construction is being performed by area contractors and subcontractors.

The new branch design can be seen at: https://www.peoplescu.com/wp-content/uploads/2023/01/2022_Lobby-Sign-with-Renderings_v11.pdf

“The latest proven technologies and industry best practices were incorporated into the branch redesign,” stated Jane McDurman, Vice President of Retail Administration, People’s Credit Union. “By having PW Campbell partner with knowledgeable and skilled area contractors, we are confident that the renovated branch will meet, and hopefully exceed our members’ expectations,“ she added.

“As technology creates better ways for us to serve our members and for our members to serve themselves, People’s Credit Union is committed to making those investments,” offered Sean Daly, President and Chief Executive Officer, People’s Credit Union . “The new Middletown branch redesign will provide members these options , along with the exceptional personal attention that the Credit Union has always been known for,” Daly further stated.

Drive-up Hours for the Middletown branch with expanded lobby hours at the Newport and Portsmouth branches are:

Monday-Thursday: 7:30am – 5:00pm 7:30am – 5:00pm 8:30am – 4:30pm