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Statement from the Colorado Chamber on CARES Act Passage

DENVER – The Colorado Chamber released the following statement regarding the passage of the federal CARE Act today, which is the third phase of congressional COVID-19 relief:

“The coronavirus pandemic has created both a public health crisis and an economic crisis,” said Colorado Chamber President Chuck Berry. “Many businesses and their employees across Colorado are struggling to make ends meet. The CARES Act is welcomed relief for all Coloradans – from direct payments to taxpayers to assistance for the businesses and industries hit the hardest. We applaud Congress for coming together and finding an agreement to help our communities through these uncertain times.”

Earlier this week, the Colorado Chamber released the results of a survey of its membership. The survey revealed that three-quarters of all businesses are “very concerned” about the impact of COVID-19 on their operations and employees, one-quarter of small businesses are concerned about going out of business, and 58% of small businesses are concerned about meeting payroll. View the survey results here.

The Colorado Chamber has compiled COVID-19 guidance for employers on its website at www.cochamber.com/coronavirus.

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