11

Hosted by Connecticut Center for Advanced Technology, Inc. (CCAT) & Advanced Manufacturing Employer Partnership (AMEP)

April 16, 2020

Supporting CT Manufacturing

Workers During COVID-19

22

Agenda

• Opening Remarks (Ron Angelo, CCAT President & CEO)

• Federal Updates (McAllister & Quinn)

• Leadership During Uncertain Times (Fio Partners)

• CT DOL Updates (Todd Berch)

• Info for CT Manufacturers (Colin Cooper, CT Chief Manufacturing Officer)

• Perspectives from CT Manufacturers• AMEP Co-Chairs: Glenn Ford & Charles Daniels

• What information/resources do you most need?

33

Introduction/Opening Remarks• Ron Angelo, CCAT President & CEO

• AMEP Co-Chairs

– Hartford-Area: Glenn Ford, President, Phoenix Manufacturing

– Central CT: Charles Daniels, Chief Financial Officer, Wepco Plastics

• Anne Yurasek, Fio Partners, Managing Principal

• Todd Berch, CT Department of Labor

• Colin Cooper, CT Chief Manufacturing Officer

• McAllister & Quinn

– Chris Fish, Vice President

– Jake Parduhn, Director of Federal Affairs

44

SBA Loan Programs Update

• SBA is providing small business economic relief primarily through two loan programs – Paycheck Protection Program (PPP) and the Economic Injury Disaster Loan Program (EIDL).– For detailed information about each loan program, including a recording of CCAT’s

two prior webinars, copies of slides, and FAQs, please visit: https://www.ccat.us/2020/04/helping-ct-manufacturers-webinar/

• The SBA is using the Paycheck Protection Program (PPP) economic stimulus funds quickly:– Nearly all of the $350 billion already obligated

– 1+ million applications approved

– Wide range of processing times from a few days to over a week

• SBA is also using the $10 billion provided for the EIDL loans and grants rapidly.– $10,000 loan advance will be up $1,000 per employee, up to $10,000 max amount

55

SBA Loan Programs Update

• Congress and the Administration are working now to provide an additional $250 billion for the Paycheck Protection Program (PPP), potentially additional funding for EIDL Program.– Potential changes to eligibility and additional clarification for the programs may

be included in the next stimulus package.

• Regardless of what you hear in the media related to the SBA running out of loan program funds, reach out to participating lenders and complete and send applications for SBA loan programs ASAP.– PPP and EIDL are not competitive programs and are operated on a first-come,

first-served basis for eligible applicants.

– Even if it might take time for the funding to arrive, get approved and get into the system queue.

66

SBA Loan Program Issues

• Certain qualified lenders that are participating in the Paycheck Protection Program are either only working with existing customers or prioritizing existing customers. – Start with your existing lender first. Reach out to several other financial institutions.

– Link to CT SBA Qualified Lenders (Click Here) *additional lenders not listed participate

• Some lenders have stopped taking additional applications due to issues handling volume and demand.– Several CT lenders are still taking PPP applications and approving loans.

• SBA administrative “bottleneck” issues – Issues with the agency’s “E-Tran” system that banks must use to authorize loans.

– New SBA participating lenders getting vetted and approved.

– Rollout of SBA guidance documents for lenders.

77

Update on Federal Economic Stimulus to Date

• Phase I Stimulus Package: March 6th - Coronavirus Preparedness and Response Supplemental Appropriations Act– $8.3 billion for public health response. No small business/manufacturer relief.

• Phase II Stimulus Package: March 18th – Families First Coronavirus Response Act– Expansion of FMLA benefits and Emergency Sick Leave benefits for employees

who were affected by COVID-19. 100% refundable tax credits for employers. Affects all entities 500 employees and under.

• Phase III Stimulus Package: March 27th - Coronavirus Aid, Relief and Economic Security (CARES) Act– $2.2 trillion bailout that included over $350 billion for PPP and EIDL loan

programs, expanded unemployment insurance.

88

What’s Next for Federal Economic Stimulus?

• Bipartisan support for $250 billion of additional funding for the Paycheck Protection Program (PPP), potentially additional funding for EIDL Program.

• Lawmakers are negotiating over next stimulus package legislation to replenish the small business loan programs and additional health care and state/local aid. – Expect deal in place this week/next week, House/Senate vote

• Potential Future Response Items Related to Manufacturers.– Hazard pay and worker protection standards for certain employee classes.

– Workforce development programs and funding

– Additional tax changes/credits

– Manufacturing supply chain support

99

Leadership in Uncertain Times

Anne Yurasek, Principal Fio Partners

1010

1111

1212

Envision Decision-Making Success

Consciously map objective information

Identify Options

First…………………SLOW DOWN!

Key stakeholders engaged in the process

Create an understanding of Shared Reality

Make Conscious Choices

1313

There’s a lot to consider…where to start?

Financial Situational Awareness

Supporting Your People

Managing Risk

Communicate & Engage

Taking Care of Yourself

Preparing For The Future

1414

Financial Situational Awareness

1515

Supporting Your People

1616

Managing Risk

1717

Communicate & Engage

1818

Taking Care of Yourself

1919

Preparing For The Future

2020

Leadership Skills to Build Today

Know When to Fight Know When to Shrink

Be Passionate About The Ends Not The Means

Play Well with Others & Make Friends Quickly

2121

Thank You!

2222

CT Department of Labor Updates

• To obtain a CTDOL Letter of Good Standing please email a request to:

john.ciotto@ct.gov

• Put Letter of Good Standing request in the email subject line

2323

Colin Cooper

Chief Manufacturing Officer

Dept. of Economic & Community Development (DECD)

Connecticut’s COVID-19 Response

April 16, 2020

2424

Connecticut Response: Addressing the Need for Critical Medical Equipment & Supplies

• A State Taskforce was assembled to identify and quantify shortages of critical medical equipment and supplies across Connecticut.

• The CT Department of Administrative Services Purchasing (DAS) team is generating and following leads to purchase such items from traditional manufacturing and distribution channels.

• Traditional supply chains for these items are currently overwhelmed

2525

• The specific shortage items being requested by the state and state healthcare organizations include:

• Ventilators

• N95 Respirators

• Face Shields

• Face Masks/Surgical Masks

• Governor Lamont has waived the registration requirement to produce alcohol-based hand sanitizer and personal protective equipment (PPE).

• A consortium comprised of the CBIA, CONNSTEP, CHA and the state’s Chief Manufacturing Officer (the Consortium) is working with the CT manufacturing base to meet needs that can’t be met through traditional sources.

Connecticut Response: Addressing the Need for Critical Medical Equipment & SuppliesConnecticut Response: Addressing the Need for Critical

Medical Equipment & Supplies

• Surgical/Isolation Gowns• Gloves (nitrile, or non-latex)• Thermometers• Hand Sanitizer• Other Medical Items

2626

Connecticut Response: Addressing the Need for Critical Medical Equipment & Supplies

• New website (ctcovidresponse.org) to organize manufacturers with capabilities and capacity who wish to help address the public health crisis

• Non-traditional manufacturers are provided technical information on needed products and linked with healthcare organizations which can evaluate designs and prototypes

• Once the product has been accepted by the healthcare organization as acceptable, it is deemed acceptable for the state to purchase and the manufacturer’s information passed along to the DAS team

• Website will evolve to be a clearing house to match non-traditional suppliers with consumers of critically needed medical equipment & supplies

• In addition to hospitals, organizations in need of PPE include local first responders, nursing homes, home healthcare providers, hospice, and workers in essential businesses

Connecticut Response: Addressing the Need for Critical Medical Equipment & Supplies

2727

Connecticut Response: Addressing the Need for Critical Medical Equipment & Supplies

• Late last week the State launched a COVID-19 voucher program (ctmvp.ccat.us) through the Manufacturing Innovation Fund to provide grants of up to $75k for companies to help them “retool” their operations or expand capacity to meet the critical public health needs.

• There has been significant interest (>1,400 hits to the website) and applications currently are being processed and grants are being awarded

Connecticut Response: Addressing the Need for Critical Medical Equipment & Supplies

2828

• In the past several weeks:

– Numerous CT manufacturers have developed the capabilities and added capacity to make significant quantities of face shields, face masks, hand sanitizer, isolation and surgical gowns, hospital beds, ventilators & ventilator components, and other critically needed items. Face shields are no longer a shortage item in the state.

– UCONN has designed and is building out a lab to test non-standard medical masks to NIOSH standards

– UCONN has developed a ventilator and is working with a CT aerospace company to bring it from prototype into production for use by UCONN Health.

Connecticut Response: Addressing the Need for Critical Medical Equipment & Supplies

2929

Perspectives from CT Manufacturers

AMEP Co-Chairs:

• Glenn Ford, President Phoenix Manufacturing

• Charles Daniels, CFO, Wepco Plastics

3030

CT Manufacturing Innovation Fund Voucher Program (MVP)

• Updated April 7 to address the short term need for critical equipment & medical supplies due to the COVID-19 pandemic

• Priority and focus will be given to manufacturers realigning or expanding capacity and capabilities to respond to shortages– Includes but is not limited to: PPE, Eye Protection/Face Shield,

Isolation gowns, Face masks, N95 respirators, etc.

• Processing non-COVID-19 related projects will be put on hold at least through the end of April.

• Application and full details: ctmvp.ccat.us/

3131

Questions for CT Manufacturers

• What information/resources do you most need?

• What should be included in the next stimulus?

• What topics are recommended for upcoming webinars?

3232

• Thursdays @ 12pm

• Next Webinar 4/23

Weekly webinars for CT Manufacturers from CT Manufacturers

ccat.us/ct-manufacturers-webinar-series/

3333

Follow-UpSlides have been posted on the CCAT website:

ccat.us/2020/04/supporting-mfg-webinar/

• Frequently Asked Questions (FAQs) & Answers will be periodically updated and posted on this site as additional information surfaces.

• CCAT Point of Contact:

Lynn Raicik, Associate Director, Workforce Pipeline Programs lraicik@ccat.us, (860) 982-6637

• For questions or suggested topics for upcoming webinars, email: workforce@ccat.us

This information is provided for general informational purposes only and should not be relied on by any party for any reason. All liability with respect to actions taken or not taken based on the information provided are hereby expressly disclaimed. The information is provided “as is” and no representations are made that the information is “error free”. We reserve the right to change or delete any information contained herein at any time without notice.