The United States federal and state governments are acting swiftly to address the COVID-19 pandemic through legislation, executive orders, guidance, and other relief programs. Most recently, President Trump signed into law the Families First Coronavirus Response Act (FFCRA) and the Coronavirus Aid, Relief, and Economic Security Act (CARES).
Michael Best and Michael Best Strategies are tracking these actions very closely and is in close communication with the federal and state governments. We are advising clients on the various United States federal and state avenues of relief, whether through lending, employment, or taxation provisions, that they may be able to use to get through this period of distress. We have a COVID-19 Resource Center and we encourage you to sign up for updates here.
Attached are documents Michael Best Strategies LLC has prepared for BPAA’s members, including a guidebook on the various relief provisions provided under FFCRA and the CARES Act and a state tracker that includes information for small businesses as well.
Please note: This is confidential information and should not be passed on outside of your accountants, lenders or family.
At this time, the agreement will help bowling centers and their staff in many ways.
We feel a bit more confident that proprietors have some solid resources to help them make it through this and can be ready to re-open with the added knowledge that their staff is also receiving assistance through this as well and that their staff will have their jobs waiting for them when it is safe to reopen.
The BPAA appreciates everyone in and out of the bowling industry who support our efforts and recognize the important place bowling centers have in our communities. We look forward to the continued work of Congress and the Administration and to the quick passage in the House and signature by the President of this relief package.
In the event your location has temporarily closed for business, we wanted to share with you some best practices on steps to make sure you properly secure your facility safely. While not all of the suggestions will apply based on your business model, we wanted to share this guide in its entirety. In addition to the guide, we have also developed a one-page PDF as an additional resource.
One page PDF Temporary Shutdown Checklist
COVID-19 Temporary CPR Closing Preparation Resource
If your center will be offering Take-out or Delivery Service, BPAA can help you create a designed menu that offers some limited menu items. We will create a JPEG to post on your social media sites and to print.
Call Amy Arcuri at
Hello BPAA Members,
Thank you for your continued dedication and commitment to Sysco.
Attached is a letter that outlines forthcoming operational procedures that will be implemented over the next week across Sysco’s U.S. Broadline operations. Our goal is to reduce the complexity of our operations as much as possible, allowing us to best service our customers who are still operational in the current environment.
The Families First Coronavirus Response Act provides paid leave under the Family Medical Leave Act and paid sick leave for absences resulting from COVID-19. There are also refundable tax credits available to reimburse employers for wages paid as a result of the law.
Today's update covers guidance on Business Interruption Insurance from Specialty Insurance Group/Everest, a message from Sysco, Bowling University's "What to do with perishable food", and resources from
Pepsi on temporary shutdown and startup procedures for your
A note on Business Income (Business Interruption) Insurance: BPAA is in touch with their Endorsed Insurance Provider: Specialty Insurance Group/Everest. While there are blanket assumptions and statements being made by some in the insurance community via blogs, emails, etc., it is best to understand your own policy and coverage.
Each policy is unique, and only CLAIMS ADJUSTERS will determine coverage per each unique policy. When appropriate; each policyholder who has a claim, should file a claim and allow the process to take place. Policyholders should understand what calculations their unique policy might cover. For example: does it cover 4 weeks, after the first 72 hours? And what is the formula to calculate net profits?
Your broker can help you understand the formula in the policy they sold you. Whether or not the virus is excluded or included; knowing what you could expect if Business Income (Business Interruption) Insurance were to be needed (for a virus or other purposes) should be discussed with your broker.
A message to our customers,
The COVID-19 situation is a rapidly changing environment and, as always, it is important that we connect with all of you and provide updates on Sysco’s response to the situation.
The following resources capture our updated COVID-19 responses to date. Please share throughout your organization as necessary.
Click on the link to download pdf
Temporary Shutdown & Startup Procedures
March 16, 2020, President Trump announced the administration’s action to provide relief to small businesses impacted by the coronavirus (COVID-19) through the Economic Injury Disaster Loan Program.
The SBA’s Economic Injury Disaster Loan program provides small businesses with targeted, low-interest working capital loans of up to $2 million that can provide economic support to help overcome the temporary loss of revenue. These loans may be used to pay fixed debts, payroll, accounts payable and other bills that cannot be paid because of the COVID-19’s impact. The interest rate is 3.75% for small businesses. The interest rate for non-profits is 2.75%. SBA offers loans with long-term repayments in order for payments to be affordable (up to a maximum of 30 years). Terms are determined on a case-by-case basis, based upon each borrower’s ability to repay.
The SBA is working with designated states and territories to offer these loans. These loans are made available upon requests received from state Governors. Once a declaration is made for designated areas within a state, small businesses can apply for the disaster relief loan. The application process for the Economic Injury Disaster Loan assistance will be available to all affected communities as well as updated on SBA’s website. Here are the states and territories that have been declared disasters as of today. SBA spokesperson Carol Chastang has stated that SBA generally approves a state’s request within 48 hours and a decision on loan applications typically takes two to three weeks. If the loan is approved, disbursement of funds can be made within five days of receiving the loan closing documents.
Visit SBA’s webpage to learn about eligible disaster areas, to apply online, and to check your application status. Business owners can call the disaster customer service center at 800-659-2955, or email firstname.lastname@example.org. The deaf and hearing impaired may call 800-877-8339.
Additional SBA guidance, resources, and information for small businesses impacted by COVID-19 can be found here.
Federal Guidance for Businesses and Employers. On March 16, the President announced the Coronavirus Guidelines for America – 15 Days to Slow the Spread. The President’s guidelines serve as national guidance in addition to any directives ordered by state and local authorities. This will help slow the spread of the coronavirus. The guidelines include actions like:
Legislative Relief. Congress is on track to pass several relief packages to address COVID-19. Michael Best and Michael Best Strategies have a COVID-19 Resource Center and will keep BPAA members up-to-date on provisions that impact BPAA members. Sign up for updates here.
While every member center will respond to the recent unrest of COVID-19 in their own way and how they feel is best for their family, team members and community they serve, your trade association wanted to provide some resources for your use. You can use these as they are or edit them as needed. All of you as business operators are busy and the goal is to give you the tools you need to navigate these challenging times. While there are a lot of opinions, misinformation and unknowns currently, we at BPAA want to help you, our member, with these resources and best practices.
While the situation is changing rapidly, our stance at BPAA is “Don’t Panic. Be Prepared.” The virus is real, and we should never take the loss of any human life as minor, therefore, it is important to keep things in context and proportional to other viruses and like illnesses. As it relates specifically to your business, we wanted to provide you some tools for you to use with your team members and to be able to communicate with your guests. Below is a brief explanation of each of the assets you now have access to on the BPAA website.
While no one really knows the impact of the virus, knowledge is power, and we hope that these resources will help you educated your team members and your guests.
Department of Health and Human Services: HHS Twitter (here) and HHS Facebook (here)
The CDC provides the most up-to-date information about COVID-19. Here are some of its resources for businesses:
Information for Businesses:
Information for Travel and Transportation:
Information for Community Events and Gatherings:
Click here to view the live tracking of COVID-19 by Johns Hopkins University