The Specialty Equipment Market Association (SEMA) is monitoring Coronavirus (COVID-19) updates and tracking what this means for our industry’s reopening.
We’re identifying best practices, including how to effectively protect your employees' health and prevent the spread of the virus. On this page you will find the latest news and updates from the Association pertaining to the Coronavirus pandemic. This page will include messages from senior leadership as well as relevant business resources offered by SEMA and through local, state and federal offices. As businesses reopen, visit this page regularly to stay on top of the latest developments.
How is COVID-19 affecting your employees and your business? E-mail us with your questions and concerns. Your feedback will help SEMA better understand the impact the Coronavirus is having and how we might be able to help.
The Federal Government wants to help companies pay their workers instead of laying them off. Under the newly enacted CARES Act, a Small Business Administration “Paycheck Protection Loan” of up to $10 million can be used to cover payroll, rent and other expenses. The SBA will then forgive that portion of the loan used to cover payroll, rent, mortgage interest, and utilities for a period of eight weeks if a small business retains its employees and payroll levels.
In a separate program, the SBA will issue an emergency Coronavirus disaster loan of up to $150,000 at 3.75% interest to be used to pay fixed debts, payroll, accounts payable and other bills that can’t be paid because of the disaster’s impact. A loan advance of up to $10,000 does not have to be repaid although the forgivable grant has been capped at $1,000 per worker due to demand.Learn More >>
New Federal Law Requires Paid Sick and Family Leave for EmployeesLearn More >>
SEMA Joins Forces With Industry to Urge Additional Measures to Protect the EconomyLearn More >>
SEMA and our member companies are working to provide you with the tools you will need to move forward with business. We are providing listings of companies producing personal protection equipment for your businesses.
The appearance of external hyperlinks does not constitute endorsement by SEMA of the linked websites, or the information, products or services contained therein. SEMA does not exercise any editorial control over the information you may find at these locations nor does SEMA make any representation of their accuracy or completeness. Please contact those websites with any questions.