Intermountain Impact, Resilience and Recovery
June 3, 2020
10—11:30 AM MST
With many rural communities still recovering from the last Great Financial Crisis, COVID-19 has compounded these challenges and poses a serious threat to rural solvency throughout the nation. Rural economies tend to have fewer sources of capital, are more reliant on single industries/sectors (e.g. mining, tourism etc.), and host an aging workforce.
However, the very nature of the COVID-19 pandemic, a public health crisis paired with an unprecedented economic downturn, has fundamentally challenged many assumptions about how to build and maintain a robust and resilient economy. This has created the space and opportunity to rethink how we collectively conceive economic resilience, through firmly placing equitable recovery first.
This session will convene investors, economic development specialists, and communities from across rural Utah and Colorado to discuss their response to the COVID-19 pandemic. Each group will provide an overview of how they are adjusting to the new normal we have been thrust into, discuss examples of best practice, and uncover opportunities around how to mobilize coordinated communities and investment for recovery.
The session will be delivered in partnership with Four Points Funding, the Utah Association of Counties and Sorenson Impact Center.
What Impact Entrepreneurs Need to Know to Survive
June 11, 2020
11-12 PM MST
The Sorenson Impact Foundation and Sorenson Impact Center are teaming up to host a virtual convening exploring how impact-oriented entrepreneurs can weather these challenging times. The session will discuss key lessons learned from previous crises.
While undeniably painful, it’s critical to remember that recessionary periods tend to be the most disruptive and innovative in delivering a reorganization of economic growth and development. Priming your organization for this process is key.
Small Business Survival Amid Covid-19
March 27, 2020
On Friday, March 27, President Donald Trump signed into law a $2 trillion stimulus package.
In a single sweep of a pen, this more than doubled the nation’s budget deficit compared to 2019.
This unprecedented bipartisan intervention is an attempt to lessen the crippling effects of the COVID-19 pandemic on the U.S. economy. The package includes ~$350 billion for businesses with 500 employees or fewer. These funds will be distributed through the Small Business Administration’s lending network.
This session, which is being jointly delivered by the Sorenson Impact Center and Accelerator for America, will explore the potential impact of the COVID-19 epidemic on main street America, with a particular focus on micro and small businesses (1–19 employees). This group of businesses represents ~5.3 million employees across the U.S. and tends to have less engagement with banks and other lending providers than their larger counterparts.