January 29th, 2021

VCDC UPDATES!

VCDC UpNEXT Coffee Hour

When: Wednesday, February 3rd, 2021

Time: 9:00 am

Join us for a special discussion on Wednesday morning’s coffee hour with the Vermillion NEXT Steering Committee as they introduce their members and give 2021 updates. Tune in at www.facebook.com/LiveVermillion/ or on Channel 3.

CHAMBER MEMBER NEWS!

1,000 Books Before Kindergarten

The Edith B. Siegrist Vermillion Public Library has begun a new, free reading program for children Pre-K and younger! 1000 Books Before Kindergarten encourages families to read together to build early literacy skills and encourage a love of reading.

The goal of this program is to read 1,000 books before your child starts kindergarten and it is easier than it sounds! Yes, you can repeat books (kids love repetition – and they benefit from it too!) and you can count books others read to your child as well. While this may seem like a large goal, it is very doable. They will celebrate milestones along the way with small surprises and will highlight your child’s progress on their reading wall.

This is an ongoing program that can be started any time and can be accomplished at your own speed. All children younger than Kindergarten are welcome to participate. For more information or to register, stop in at the Vermillion Public Library or visit our website at: www.vermillionpubliclibrary.org/1000bbk

Dakota Hospital Foundation - Marquee Messages Fundraiser

Dakota Hospital Foundation is so excited about their Marquee Messages Fundraiser! It’s a great way to send your Holiday Greeting, Birthday, Anniversary or Congratulations wishes! Whatever your message may be, they'll display it on their Sanford Vermillion LED sign located on the corner of Plum and Main Streets! It’s so easy: choose an open date, type out your message (two lines suggested for best display, three lines maximum), submit your message, return to payment process, and see your message glow! All gifts to the Dakota Hospital Foundation are used to further its’ important mission.

605 Strong

605 Strong is here to help individuals connect to resources and talk through their situation with a caring and non-judgmental listener.

This service is free and confidential. Call 211 and ask for 605 Strong to be transferred to a specialist.

They also offer webinars on various topics. Anyone can register for these webinars through the links on their website: https://www.605strong.com/#webinars

COMMUNITY NEWS!

SBA and Treasury Announce PPP Re-Opening; Issue New Guidance

The U.S. Small Business Administration (SBA), in consultation with the Treasury Department, announced today that the Paycheck Protection Program (PPP) will re-open the week of January 11 for new borrowers and certain existing PPP borrowers. To promote access to capital, initially only community financial institutions will be able to make First Draw PPP Loans on Monday, January 11, and Second Draw PPP Loans on Wednesday, January 13. The PPP will open to all participating lenders shortly thereafter. Updated PPP guidance outlining Program changes to enhance its effectiveness and accessibility was released on January 6 in accordance with the Economic Aid to Hard-Hit Small Businesses, Non-Profits, and Venues Act.

This round of the PPP continues to prioritize millions of Americans employed by small businesses by authorizing up to $284 billion toward job retention and certain other expenses through March 31, 2021, and by allowing certain existing PPP borrowers to apply for a Second Draw PPP Loan.

“The historically successful Paycheck Protection Program served as an economic lifeline to millions of small businesses and their employees when they needed it most,” said Administrator Jovita Carranza. “Today’s guidance builds on the success of the program and adapts to the changing needs of small business owners by providing targeted relief and a simpler forgiveness process to ensure their path to recovery.”

“The Paycheck Protection Program has successfully provided 5.2 million loans worth $525 billion to America’s small businesses, supporting more than 51 million jobs,” said Treasury Secretary Steven T. Mnuchin.

According to SBA South Dakota District Director Jaime Wood, many South Dakota small businesses and nonprofit organizations will qualify for both the First Draw and Second Draw PPP forgivable loans. “We’re thrilled to continue these needed resources for COVID-19 economic recovery in our state,” said Wood. “While many businesses have sustained or thrived in the past year, there are still many that are struggling.” Wood added that in 2020, nearly 24,000 PPP applications were approved in South Dakota, equating to $1.7 Billion in aid.

Key PPP updates include:

• PPP borrowers can set their PPP loan’s covered period to be any length between 8 and 24 weeks to best meet their business needs;

• PPP loans will cover additional expenses, including operations expenditures, property damage costs, supplier costs, and worker protection expenditures;

• The Program’s eligibility is expanded to include 501(c)(6)s, housing cooperatives, direct marketing organizations, among other types of organizations;

• The PPP provides greater flexibility for seasonal employees;

• Certain existing PPP borrowers can request to modify their First Draw PPP Loan amount; and

• Certain existing PPP borrowers are now eligible to apply for a Second Draw PPP Loan.

A borrower is generally eligible for a Second Draw PPP Loan if the borrower:

• Previously received a First Draw PPP Loan and will or has used the full amount only for authorized uses;

• Has no more than 300 employees; and

• Can demonstrate at least a 25% reduction in gross receipts between comparable quarters in 2019 and 2020.

The new guidance released includes:

• PPP Guidance from SBA Administrator Carranza on Accessing Capital for Minority, Underserved, Veteran, and Women-owned Business Concerns;

• Interim Final Rule on Paycheck Protection Program as Amended by Economic Aid Act; and

• Interim Final Rule on Second Draw PPP Loans.

For more information on SBA’s assistance to small businesses, visit sba.gov/ppp or treasury.gov/cares.

Congratulations to the 2021 Governor's Awards in the Arts Recipients

Arts South Dakota and the South Dakota Arts Council will celebrate the 25th Governor's Awards in the Arts on Tuesday, February 10, 2021. Due to the ongoing pandemic, an online pre-recorded presentation will replace the biennial banquet held in Pierre.

Recipients of this year's awards are: John Lopez, Lemmon, for Distinction in Creative Achievement; Pat & Dale Larson, Brookings, for Outstanding Support of the Arts by an Individual; John Banasiak, Vermillion, for Outstanding Service in Arts Education; Brookings Arts Council, Brookings, for Outstanding Support of the Arts by an Organization or Business; and Cloud Horse Art Institute, Kyle, for Outstanding Support of the Arts to Native Nations with Lands in South Dakota.

The biennial awards presentation honors the achievements of South Dakota's fine artists and arts leaders. Award winners are selected from nominations submitted in the five categories reflecting the work of professional artists and arts educators, and the support of individuals, businesses and organizations that encompass South Dakota's arts community.

The Governor's Awards in the Arts are sponsored by Arts South Dakota and the South Dakota Arts Council. South Dakota Arts Council support is provided with funds from the State of South Dakota, through the Department of Tourism, and the National Endowment for the Arts. Additional sponsors include Delta Dental, BankWest and The Bush Foundation.

Photos and bios of the recipients, as well as streaming information for the event, coming soon. Visit ArtsSouthDakota.org for updates.

COMMUNITY EVENTS!

USD Athletics

Men’s Basketball vs. Omaha on 1/29/2021 @ 8:00 pm

Men’s Basketball vs. Omaha on 1/30/2021 @ 7:00 pm

Volleyball vs. #15 Creighton on 1/31/2021 @ 2:00 pm

FIND VERMILLION COMMUNITY EVENTS

Visit: www.LiveVermillion.com and click on the ‘Things to Do’ tab in the center of the page for a comprehensive view of community events. If you don’t see your event listed, use the ‘Submit New Event’ button on our calendar to send us the information. For further assistance, feel free to contact our Director of Strategic Communications & Tourism at Megan@VermillionChamber.com.

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