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BUSINESS VOICE JUNE 2020 VEGAS Chamberpaid for by the Vegas Chamber Navigating Together: Governor Steve Sisolak Shares Roadmap to Recovery Page 14 Layoff Aversion Economy Insight from Pilot Saves Jobs Jeremy Aguero Page 13 Page 24 Cultivating growth and prosperity DON’T MISS THE VEGAS CHAMBER’S MONTHLY TV SHOW! Special Guest: Featuring Governor of Nevada, Steve Sisolak Episodes Air the First Sunday and Various Times/Day Each Month Time: 4 p.m. PST | Channel: Cox Yurview LV 14 and 1014 View archived episodes at youtube.com/lasvegaschamber Presenting Location Sponsor: Sponsor: VegasChamber.com | 702.641.5822 | @VegasChamber Cultivating growth and prosperity MARY BETH SEWALD PRESIDENT & CEO s the road to economic recovery problems. The Vegas Chamber, through our begins, the Vegas Chamber is alongside Leadership Foundation, has two development A you as your partner, advocate, and programs to help you and your teams become more leading source of the latest and most insightful and inspirational leaders. reliable information. This will be a long journey, and there will be some twists and turns, and Our Leadership Advance program gives talented many tests along the way. For most of us in business, professionals at all levels the training necessary to we are living through the most challenging times we be effective leaders and managers. The program will ever face as leaders. is tailored specifically to professionals wanting to enhance their leadership skills so they can be One area where we can find inspiration is through transformational managers and leaders. Our 5-month sports. Competing at the top levels requires fall session kicks off on Aug. 7. You can enroll at continuous motivation, goal-setting, and inspired Leadership.Vegas. leadership. Our hometown sports teams not only bring some excitement to our lives, but they also are Additionally, Leadership Las Vegas, the most models of moving forward through adversity. prestigious community leadership program in our region, is taking applications for the Class of 2021, In that team spirit, please join us for The Comeback: which kicks off in September. Through the 10-month Sports, Hope and Recovery series. Each episode awe-inspiring program, you will learn about the will feature business leaders from across the many facets of Southern Nevada, its challenges and state interviewing top sports leaders to get their opportunities to become a more effective community perspective on dealing with challenges, what leader. Applications are due June 11. inspires them, as well as insights into their upcoming seasons. Guests will include T.J. Otzelberger, UNLV Reopening and recovering our businesses and jobs basketball coach and Kerry Bulbolz, president of the will not be easy. It will be daunting. But you aren’t in Vegas Golden Knights. And I am honored to lead a this alone. The Vegas Chamber is here for you every conversation with Marc Badain, president of the Las step of the way – as a valued source of information; Vegas Raiders. The series kicks off on June 12. Look as a resource you can count on; as an advocate that for more information on our social media channels. will champion for your business. We are on your team. Speaking of leadership, every organization needs great leaders to be successful – coaches who can motivate teams to succeed and achieve goals, effectively communicate, and strategically solve VEGAS CHAMBER JUNE 2020 BUSINESS VOICE 3 Business Voice We're In VOLUME 41 NUMBER 06 Vegas Chamber This Together 575 Symphony Park Avenue, Ste. 100 Las Vegas, NV 89106 702.641.5822 • VegasChamber.com Mary Beth Sewald Free Short-Term Memberships President & CEO Now Available Vegas Chamber 2020 Board of Trustees Trustees Emeritus Board Executive Committee Tom Burns Paul Anderson Jay Barrett Chairman Boyd Gaming The JABarrett Company Cragin & Pike Joseph Asher Senator Richard Bryan Gina Bongiovi William Hill US Fennemore Craig, P.C. Chair-Elect Bongiovi Law Firm Brandon Barkhuff Fafie Moore NV Energy ERA Brokers Terrance Shirey Consolidated Immediate Past Chairman Lisa Beckley Nevada State Bank The Beckley Group Bill Noonan Boyd Gaming Hugh Anderson Danielle Bisterfeldt Corporation (Retired) HighTower Las Vegas The Howard Hughes Corporation Jim Prather Michael Bolognini Michael Bonner Las Vegas Review- Cox Communications Greenberg Traurig, LLP Journal Betsy Fretwell Bob Brown Bruce Spotleson Switch Opportunity Village The Neon Museum John Guedry Kerry Bubolz John Wilcox Bank of Nevada Vegas Golden Knights JDW Group LLC Lisa Howfield Tyler Corder KLAS-TV Findlay Automotive Past Chairpersons Lori Nelson-Kraft Alex Dixon Las Vegas Convention and Visitors PureStar Berlyn Miller 1979 Authority Michael Feder Phil Arce 1984 Ellen Schulhofer Dickinson-Wright, PLLC Elaina Blake 1985 Brownstein Hyatt Farber Schreck Jeff Grace Dave Vlaming 1986 Chris Wilcox Gartner Eide Bailly LLP Jeffrey A. Silver 1988 Mark Hutchison Peter Thomas 1989 Ryan Woodward Hutchison & Steffen, PLLC National Technical Institute William Martin 1991 Gregory Lee Eureka Casino Resort Bob Maxey 1992 Production Team Denny Weddle 1993 Sara Lindgren JPMorgan Chase David Smith 1994 Joyce Goedeke Ted Wiens, Jr. 1995 Publisher/Editor Rex Liu Family & Cosmetic Dentistry John O’Reilly 1996 Cara Clarke Diane Dickerson 1997 Editor Marta Meana University of Nevada, Las Vegas Edward Crispell 1998 Pomai Weall Production Coordinator/ Napoleon McCallum Bill Wells 2001 Contributor The Las Vegas Sands Corporation Jay Kornmayer 2002 Noel Gonzalez Bill Nelson Lou Emmert 2003 Graphic Designer Piercy Bowler Taylor & Kern Tim Cashman 2004 Jacey Gonzalez Boyd Nelson Contributor Southwest Gas Corporation Hugh Anderson 2005 John Wilcox 2006 The Vegas Chamber team is here to nuture Brig. Gen. Robert Novotny Nellis Air Force Base Fafie Moore 2008 businesses through this difficult time. Karla Perez Steve Hill 2009 Valley Health System Kristin McMillan 2010 Teresa Di Loreto Michael Bonner 2011 The Business Voice Nevada Military Support Alliance Kevin Orrock 2012 We're offering small businesses a free short-term (USPS #717-970) is published by Vegas Chamber Tina Quigley Jay Barrett 2013 575 Symphony Park Ave., Ste. 100 membership to access our webinars & COVID-19 Las Vegas, NV 89106 Bruce Spotleson 2014 Chase Rankin Bob Brown 2015 Annual Subscription $25 Las Vegas Review-Journal resources. Plus, earn up to $500 for referrals! Periodical postage paid at John Guedry 2016 Las Vegas, NV Mark Shearer POSTMASTER: Raiders Bill Noonan 2017 Send address changes to: Michael Bolognini 2018 Vegas Chamber, Larry Singer 575 Symphony Park Ave., Ste. 100 Newmark Knight Frank Terrance Shirey 2019 Las Vegas, NV 89106 For more information, Vicky VanMeetren Roseman University of Health Sciences visit VegasChamber.com Chris Way KTNV-TV 13 Action News EDITORIAL POLICY: The Business Voice is a member newsletter of the Vegas Chamber. The Vegas Chamber welcomes input, ideas and suggestions from our members. As with any periodical, we must adhere to strict deadlines and we reserve the right to edit all materials submitted for publication. Commentaries that are marked as such do not necessarily reflect the opinion or position of the Chamber, its trustees or employees. The Chamber cannot guarantee the validity or accuracy of the content of paid advertisements. All content is subject to change. Questions or concerns about content of the Business Voice can be addressed to the Vice President of Marketing and Brand Strategy, Vegas Chamber, 575 Symphony Park Avenue, Ste. 100, Las Vegas, NV 89106. Table of Contents 12 JUNE 2020 My Point of View 7 Candidate Endorsement Guide 8 Working For You 9 Welcome New Members 10 13 14 Member News 12 Workforce Connections’ Layoff Aversion Pilot is Helping Keep Employees on the Payroll 13 Navigating Together: Governor Steve Sisolak Shares Roadmap to Recovery 14 What's Virtually Happening 21 Board of Trustees: Spotlights 23 A Snapshot in an Uncertain Time: Insight from Jeremy Aguero, Applied Analysis 24 Guide to PPP Loan Forgiveness 27 Chamber News 32 23 24 Advance Your Leadership Skills Prepared by the U.S. CHAMBER OF COMMERCE - Become a Better Leader 34 GUIDE TO PPP LOAN FORGIVENESS 27 VEGAS CHAMBER JUNE 2020 BUSINESS VOICE 5 Under the Paycheck Protection Program (PPP) created by the CARES Act, loans may be forgiven if borrowers use the proceeds to maintain their payrolls and pay other specified expenses. The Treasury Department and Small Business Administration recently released the application form and instructions for loan forgiveness. The forgiveness forms, instructions, and worksheets can be downloaded here. PPP borrowers must apply for loan forgiveness with the lender that processed the loan. This guide is designed to help borrowers understand the process by which their loan forgiveness amount will be calculated and the overall approach of the loan forgiveness process. THANK YOU TO OUR PRESENTING PARTNER Type to enter text 8985 S. Eastern Ave., #205 Las Vegas, NV 89123 A Positive Outlook My Point of View Being a Las Vegan is a special thing. It means you live in these businesses are who will lead the way out of this for the most exciting city on Earth, drawing over 40 million our city, and they needed our help. visitors a year to experience for a weekend what we are blessed to enjoy every day. It means living in a city that is I’ve never been prouder of my colleagues. In the end, we constantly pushing itself forward, reinventing itself, and processed over 4,200 PPP loans for a total of $592 million. doing audacious things that the rest of the world says Based on applicant data, this supports nearly 66,000 jobs are crazy, yet we prove them wrong every time and keep in the state of Nevada. And many very small businesses moving forward. received funding, with more than 68% of the loans made to businesses with fewer than 10 employees. These But that’s just what the world sees. What they don’t see, businesses needed a lifeline and it was our obligation to be or at least what is not as readily apparent to the typical there for them.
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