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UW’s College of Business plans COVID-19 small business assistance session

University of Wyoming College of Business building (Brendan LaChance, Oil City)

The University of Wyoming College of Business has announced an online small business assistance session via Zoom. The event is free and will be accessible for registered participants.

The session is scheduled for Friday, April 17, from 2-3 p.m. Registration is available at www.uwyo.edu/business/covid-19/.

Several Wyoming business leaders have been invited to join Dave Sprott, UW College of Business Dean, and Steve Farkas, assistant dean, to discuss the process of the economic disaster loans, the new Paycheck Protection Program, and other issues small businesses and nonprofits are facing during the COVID-19 pandemic.

“Many Wyoming small businesses and nonprofits are facing a loss of income and a lack of savings because of the economic impact of COVID-19,” Sprott says. “With the U.S. government stepping in with much-needed relief, our goal is to assist small businesses in understanding how those stimulus programs can help them manage their cash flows during this time of uncertainty.”

Signed into law March 6, the Coronavirus Preparedness and Response Supplemental Appropriations Act provides $8.3 billion in emergency funding for federal agencies to respond to the coronavirus outbreak, enabling the U.S. Small Business Administration to offer $7 billion in disaster assistance loans to small businesses impacted by COVID-19.

Invited business leaders include:

  • Tom Bass, president of Wyoming Bank and Trust.
  • Dave Krause, CEO and president of UniWyo Federal Credit Union.
  • Jaime Liberty, CPA and senior manager at McGee, Hearne and Paiz.

“We are eager to do our part in helping small businesses and nonprofits survive this challenging period,” Farkas says. “Service to our communities and supporting Wyoming’s economic development are a key pillar within the college.”

The Wyoming Department of Health provides COVID-19 case, variant, death, testing, hospital and vaccine data online. The department also shares information about how the data can be interpreted. COVID-19 safety recommendations are available from the CDC.