| COVID-19 Update | January 11, 2021 |
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As vaccines continue to be distributed across Arkansas, learning how and when can you get your COVID-19 vaccine is critical to defeating this virus. Governor Asa Hutchinson has laid out a detailed plan, which can be found HERE. Please adhere to these key updates to the vaccination process: VACCINATION FACTSHEET As of January 5th, the vaccine is available to 73 of the 75 Arkansas counties. When can I get the vaccine? - Phase 1-A: High-priority healthcare workers, first responders, long-term care workers, and residents. There are an estimated 180,000 Arkansans in this category, and the goal is to complete this phase by the end of January. - Phase 1-B: Arkansans 70 years of age and older, frontline essential workers (for example, school staff, postal workers, grocery store workers, childcare workers, etc.). There are an estimated 400,000 Arkansans in this category. The goal is to start and complete this phase in February. - Phase 1-C: Arkansans between 65-69 and between 16 and 64 years of age with high-risk medical conditions, as well as additional essential workers. The goal is to start this phase in April. Where can I get vaccinated? - Phase 1-A. Vaccinations for healthcare workers and first responders are currently available at select hospitals and community pharmacies. Others in this phase should contact community pharmacies available HERE. Call your local pre-approved pharmacies to schedule the first dose; the second dose can be scheduled once the first dose is complete. - Phases 1-B and 1-C. Vaccines will be distributed at community pharmacies and certain hospitals. These phases will require a private-public partnership with state agencies. - The Arkansas Department of Emergency Management (ADEM) and Arkansas National Guard, along with other partners, will release a logistical plan for vaccinations on or by January 15, which will be made public and available on ADH’s website. Can I choose which vaccine I receive? - At this time, you’re unable to choose which vaccine you receive, but both the Pfizer and Moderna vaccinations have been found to be safe and effective. How much does the vaccine cost? - Through Operation Warp Speed, the cost of the vaccine is covered in full by the government, but there is an administration cost. - However, CMS is acting to cover the administration cost in full and at no cost to you. Last week, I had the opportunity to meet with Certified Personal Accountants (CPAs) in Arkansas to discuss the most recent COVID-19 relief bill. I appreciate the time that this group dedicated to sharpening their knowledge on the updated loan processes of the Paycheck Protection Program (PPP), Economic Impact Disaster Loans (EIDL), and the newly created rental assistance program. These programs will serve to provide much-needed aid to Arkansas families, small businesses and their employees, and the hard-working men and women of Arkansas. Providing long-lasting and impactful support to Arkansans is a top priority as we move into the 117th Congress.
ATTENDING THE ICBA THINKTECH ACCELERATOR KICK-OFF EVENT The Think TECH Accelerator allows community banks to help propose fintech solutions and come together with ideas to take the future of banking forward through innovation. I am especially excited for the exceptional 10 companies that have chosen Little Rock as their home and working hub for the next 12 weeks. With a revitalized and growing downtown area, access to tech talent, low cost of living, our superb outdoor recreation areas, Little Rock is fast becoming a technology hub.
It is critical to note the importance of building and investing in positive community models. The work that organizations do to contribute to improving the quality of life in the central Arkansas region is important and doesn’t go unnoticed. One of the key players in building and keeping a positive community is law enforcement. Each day, I am reminded of the sacrifices the men and women of our law enforcement agencies make to keep us safe. Last Saturday was National Law Enforcement Appreciation Day, and I took that time to reflect on the dedication of those officers who commit to keeping our friends, families, and communities safe. I had the opportunity to speak with Brian Osmundson at the Little Rock Police Department to let him and his fellow officers know just how much I appreciate their service to central Arkansas. The tireless effort that these men and women put into their work deserves our utmost respect, and I would urge you to show appreciation to these hard-working individuals whenever you are given the opportunity.
PAYCHECK PROTECTION PROTECTION PROGRAM LOANS EXTENDED Thanks to the recent COVID-19 relief bill, which passed Congress with my support, $284 billion in Paycheck Protection Program (PPP) loans will be reopened and available to struggling small businesses across the country this week. The PPP program has been extended until March 31, 2021, and creates a process for small businesses or non-profits to can receive a “Second Draw PPP Loan” of up to $2 million if the entity (i) has fewer than 300 employees and (ii) can demonstrate a reduction in gross receipts of 25% when compared to a corresponding financial quarter of 2019; (iii) creating a simplified PPP loan forgiveness application for loans under $150,000. Small businesses that never previously received a PPP loan can also apply. The Small Business Administration and the Treasury Department announced last Friday that Paycheck Protection Program loans would be available to First Draw PPP loan applications starting today, January 11, and second draw PPP loan applications on January 13 from participating CFIs, which include Community Development Financial Institutions (CDFIs), Minority Depository Institutions (MDIs), Certified Development Companies (CDCs), and Microloan Intermediaries. The program will be open to all participating lenders shortly thereafter. For more information on the Paycheck Protection Program and other resources for small businesses, visit the SBA website HERE. OPEN HEALTH INSURANCE ENROLLMENT Last week, the Treasury Department and the Internal Revenue Service sent an estimated 8 million Economic Impact Payments (EIPs) in the form of prepaid debit cards. If you did not receive an EIP as a direct deposit, make sure to check your mail carefully for a check or a prepaid card. These prepaid cards are contained in envelopes that display the U.S. Department of the Treasury seal. The EIP card will have the Visa name on the front of the card and the issuing bank name, MetaBank, N.A., on the back of the card. More information about receiving EIPs in the form of debit cards and checks can be found HERE. Sincerely,
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