Show your support
The Quad Cities Chamber is urging Congress to pass COVID-19 relief measures that provide businesses – employers and employees – the necessary resources to weather and survive this pandemic.
We are asking two things:
• Pass legislation that provides flexible funding for businesses and organizations to pay for their fixed expenses as well as payroll protections;
• Extend or create new unemployment benefits to keep our workforce strong.
As we make hard choices to protect our community and loved ones, we believe it is essential to protect our health as well as our livelihoods - we need legislation that protects both. Our local theaters, retailers, bars, and restaurants are just a few of the businesses and organizations that need financial support to remain operational through temporary closures and limited capacity.
In our latest survey of businesses, done prior to new restrictions in both Illinois and Iowa, 35% of respondents said they only had enough cash flow to last another six months, an additional 19% only had enough for 2 months, and sadly 3% said they would have to temporarily close their doors. Additionally, of the companies who have already been forced to lay employees off, 46% said they would not be able to bring staff back in the next 12 months. We can only assume that with new necessary mitigations being put in place, these unfortunate realities will worsen.
With the approval of additional federal relief funding, we can provide the needed resources for these businesses to endure times of lower revenue, and set a plan to get employees back to work.
Without federal funding, many of these businesses may close forever.
Time is of the essence. Join the Quad Cities Chamber and urge your Quad Cities federal officials to pass COVID relief legislation!