Coronavirus Updates & Resources
Performance Racing Industry (PRI) and the Specialty Equipment Market Association (SEMA) are monitoring the evolving Coronavirus (COVID-19) outbreak and tracking what this means for our industry.
We’re identifying best practices, including how to effectively protect your employees’ health and prevent the spread of the virus. On this page you will find the latest news and updates from PRI/SEMA pertaining to the Coronavirus pandemic. This page will include messages from senior leadership as well as relevant business resources offered by PRI and through local, state, and federal offices. Please visit this page regularly to stay on top of the latest developments.
Resources From SEMA's Washington D.C. Office
- Database: How Each State Defines “Essential” Business for Auto Industry Activities
- Small Business Loans & New Federal Laws and More
How Can PRI Help?
How is COVID-19 affecting your employees and your business? E-mail us with your questions and concerns. Your feedback will help PRI better understand the impact the Coronavirus is having and how we might be able to help.
Small Business Loans
The Federal Government wants to help companies pay their workers instead of laying them off. Under the newly enacted CARES Act, a Small Business Administration “Paycheck Protection Loan” of up to $10 million can be used to cover payroll, rent and other expenses. The SBA will then forgive that portion of the loan used to cover payroll, rent, mortgage interest, and utilities for a period of eight weeks if a small business retains its employees and payroll levels.
In a separate program, the SBA will issue an emergency Coronavirus disaster loan of up to $2 million at 3.75% to be used to pay fixed debts, payroll, accounts payable and other bills that can’t be paid because of the disaster’s impact. Small business owners in all U.S. states and territories are currently eligible to apply for a Coronavirus loan.Learn More >>
Paid Sick Leave
New Federal Law Requires Paid Sick and Family Leave for EmployeesLearn More >>
Protecting the Economy
PRI Joins Forces With Industry to Urge Additional Measures to Protect the EconomyLearn More >>
Updates on PRI Activities
Due to the unprecedented and growing concerns surrounding the COVID-19 Coronavirus, PRI has canceled all face-to-face meetings and events for the year.
As new developments come to light, the organization will make adjustments and announce details for a new date that will ensure the health and welfare of the industry.
Frequently Asked Questions
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