COVID-19 and Other Economic News Roundup for the Week of Oct. 5
ICYMI - To help our investors keep track, we’ve compiled some of the top COVID-19 and other relevant economic news of the past week.
EDCUtah’s Stephanie Frohman had the opportunity to tour the state’s new 87,000 SF PPE warehouse in Taylorsville, which houses three months’ supply of PPE and COVID testing supplies ready to support hospitals, health departments and first responders throughout the state. “Getting our state ‘PPE secure’ heading into flu season has been a public/private partnership success, assisted by EDCUtah research smarts and can-do #TeamUtah spirit. We’ve clearly got some curve-bending to do this fall and winter, but at least we can protect our front-line workers while we do it.” – SF
Site Selection Group ran the numbers and Utah is a top-ten state for manufacturing. More here.
The Utah Labor Commission has launched the Small Business Quarantined Employee Grant program to help small businesses (<50 employees) continue to pay employees who are required to quarantine or isolate due to a positive COVID-19 test or exposure to someone who has tested positive. The $2 million Small Business Quarantined Employee Grant uses federal CARES Act funds as part of Utah’s response to the coronavirus pandemic. It provides reimbursement to small business employers who pay employees to stay home during quarantine or isolation for a maximum of 40 hours per week for a period of up to two calendar weeks. Small business owners with less than 50 employees can go to https://coronavirus.utah.gov for more information and to fill out a grant application. A Fox 13 story on the topic is here.
A fun aspect of the EDCUtah golf day was having new investor Magnum Bikes show off their wares. Magnum put together a quick video capturing the flavor of the day.