COVID-19 Updates and Resources from the RTA

The Seattle Southside Regional Tourism Authority (RTA) continues to monitor the quickly developing COVID-19 (Coronavirus) outbreak. 

As our elected leaders and public health officials aggressively work to contain infections, the RTA continues to work as an advisor to travelers and an advocate for regional businesses and the travel industry. We’ve heard from many of our partners in recent days and understand the challenges your business is facing, as well as your need to appropriately advise your customers and clients.

 

Business Impact Tracking

The RTA is actively tracking the business impact from COVID-19 and would like to know any direct cancellations or other significant impacts. Please send all information to Donna Bennett at PartnerServices@SeattleSouthside.com.

 

Washington State FlagStay Home, Stay Healthy Proclamation

On March 23, Governor Jay Inslee issued a Stay Home, Stay Healthy proclamation that takes effect immediately and will remain in place for a minimum of two weeks.
This proclamation will:

  • Require every Washingtonian to stay home unless they need to pursue an essential activity
  • Ban all public and private gatherings for social, spiritual, and recreational purposes
  • Close all businesses except essential businesses

Read more...

 

 

 

Temporary Hotel Closures

 

Travel Industry Assessment

As this global health emergency is having a significant impact on the travel industry, the RTA is maintaining regular contact with essential regional, national, and international resources including the U.S. Travel Association, Meetings Mean Business, King County Department of Health, and Port of Seattle.

On March 16, Oxford Economics released their latest economic impact data: The Economic Impact of Coronavirus Due to Travel Losses
 

Business Impacts

Greater Seattle Partners reports that new federal legislation and appropriations have opened up the possibility for small businesses to receive assistance for economic loss due to COVID-19. Details of eligibility and administration of this emergency assistance from SBA are still being determined. However, some aspects of the traditional SBA Economic Injury Disaster Loan (EIDL) program will still apply for COVID-19. 

  • If a small business has suffered substantial economic injury as a result of COVID-19, it may be eligible for financial assistance from the U.S. Small Business Administration.
  • Small businesses and small agricultural cooperatives that have suffered substantial economic injury may be eligible for the SBA's Economic Injury Disaster Loan (EIDL) Program.
  • Substantial economic injury is the inability of a business to meet its obligations as they mature and to pay its ordinary and necessary operating expenses.
  • An EIDL can help meet necessary financial obligations that a business could have met had the disaster not occurred.
  • It provides relief from economic injury caused directly by the disaster and permits the business to maintain a reasonable working capital position during the period affected by the disaster.
  • The SBA provides EIDL assistance only to those businesses that SBA determines are unable to obtain credit elsewhere. 
  • The loan amount will be based on the business’ actual economic injury and financial needs.
  • The interest rate on EIDLs cannot exceed 4 percent per year.
  • The term of the loans cannot exceed 30 years.
  • Terms and conditions will be determined by the business’ ability to repay the loan

 

Additional Resources for Businesses:

These resources will be continuously updated. And if you have questions or need additional information, please feel free to contact us at PartnerServices@SeattleSouthside.com.

Stay tuned for the official details, which will be posted on the King County Public Health site. The RTA will continue to work in collaboration with these authorities for any implementations of this layered approach to mitigation.

 

Travel and Health Advisories

Today, you’ll find resources on the following websites that may provide assistance:

These resources will be continuously updated. And if you have questions or need additional information, please feel free to contact us at PartnerServices@SeattleSouthside.com.