The Federal Reserve Bank of Boston today released additional information for potential lenders and borrowers in the Main Street Lending Program, including a form loan participation agreement, lender certifications and covenants, borrower certifications and covenants, updated Frequently Asked Questions, and other legal documents.
The documents released today are available at www.bostonfed.org/mslp.
Additional details, including the launch date for the program, will be announced as they are available.
The Main Street Lending Program is designed to support medium-sized and small businesses and their employees across the United States during the current period of financial strain, by supporting the provision of credit to such businesses. The availability of credit is intended to help companies that were in sound financial condition prior to the onset of the COVID-19 pandemic maintain their operations and employment until they have recovered from, or adapted to, the impacts of the pandemic. The loans must be repaid and both the borrower and lender must meet eligibility requirements to participate.
The program will be administered for the Federal Reserve System by the Federal Reserve Bank of Boston, which established a Special Purpose Vehicle to purchase loan participations from eligible lenders across the United States.
Interested parties can sign up to receive email notifications about program updates by visiting www.bostonfed.org/mslp.
General inquiries can be emailed to MSLP@bos.frb.org.
|Andrew Cauthen||Sarah Page||Quinn Hudson|
|Communications Manager||Public Information Officer||Chief Communications Officer|
|404-371-2806 (o)||404-371-2705 (o)||404-371-2813 (o)|
|470-553-4408 (c)||404-989-1386 (c)||470-522-8923 (c)|
FOR IMMEDIATE RELEASE
May 5, 2020
DeKalb to Distribute 4,000 Additional COVID-19 Care Kits
Efforts target neighborhoods hit hard by COVID-19
DECATUR, Ga.—DeKalb County will pass out 4,000 COVID-19 care kits containing two non-surgical masks and hand sanitizer to residents tomorrow, May 6, and Saturday, May 9, to mitigate the spread of COVID-19. DeKalb County Board of Health is supporting this initiative.
“Last Saturday, approximately 80 police and fire rescue recruits distributed 2,000 COVID-19 care packets, and they will be back out tomorrow and Saturday,” said DeKalb County CEO Michael Thurmond. “The DeKalb County Government and the Board of Health are redoubling our ongoing efforts to educate and protect our residents.”
The COVID-19 care packets also contain a card with tips on how to prevent the spread of COVID-19 and information encouraging residents to respond to the 2020 U. S. Census questionnaire.
The county’s outreach efforts will focus on economically disadvantaged communities that have been identified by the DeKalb County Board of Health as experiencing the highest number of COVID-19 infections. DeKalb County has the second-highest number of confirmed cases in the state with more than 2,200 reported. There have been 58 confirmed deaths in the county from the pandemic.
According to the Board of Health data, despite the high number of cases, DeKalb County has the second-lowest death rate among counties that have been most impacted by COVID-19.
Residents experiencing headache, fever, cough, shortness of breath, muscle aches, loss of sense of smell or taste, or sore throat, are urged to call 404-294-3700, Option 1, to be scheduled for a test for COVID-19.
On April 23, CEO Thurmond issued his third executive order related to the COVID-19 pandemic in which he urged residents to wear face coverings at all times in public and continue to follow guidelines from the Centers for Disease Control and Prevention.
Kenny Coleman Retires from Georgia Power; Continues at the Helm at DeKalb Chamber
DeKalb Chamber of Commerce
FOR IMMEDIATE RELEASE
DECATUR, Ga., – May 1, 2020 – The DeKalb Chamber of Commerce Board of Directors is pleased to announce that Kenneth E. Coleman will continue as its President and CEO after his announced retirement from Georgia Power Company on May 1st. Coleman has been at the helm of the DeKalb Chamber since December and was on loan from Georgia Power Company. His transition from Georgia Power to the DeKalb Chamber of Commerce will occur immediately.
“I am honored that the Board of Directors has asked me to continue as Interim President and CEO”, said Coleman. “This is a pivotal time in our Chamber’s history and I look forward to continuing the work of supporting our local business community and growing jobs in DeKalb County.”
“We are excited to have Kenny continue as our interim President and CEO,” said James Tsismanakis, 2020 Chair, DeKalb Chamber of Commerce Board of Directors. “Kenny is a dynamic leader who has brought new energy and ideas to our Chamber. We believe the best days for our Chamber are ahead of us and Kenny will be a big part of our collective success.”
Coleman will continue in his work to ensure efficient Chamber operations, grow membership and solidify strategic partnerships and alliances with a broad range of constituencies, including the Chamber’s Board of Directors, DeKalb County government officials, and business leaders from around DeKalb and metro Atlanta.
ABOUT DEKALB CHAMBER OF COMMERCE
The DeKalb Chamber of Commerce is a membership-based organization with the mission to support, promote and sustain business development in DeKalb County. With 81 years of service in the community, DeKalb Chamber focuses on four critical areas including education, workforce, and economic development, public policy, and business member services. We are the primary resource for businesses in DeKalb County. For more information on DeKalb Chamber call 404-378-8000.