IowaBio wants to provide our members useful information during the COVID-19 pandemic. This newsletter compiles information on state, federal and industry action to combat the virus and its impacts.
If your company is helping respond to COVID-19, IowaBio wants to know about it. Please, send any information about what your biotechnology company or organization is doing to help, to Jessica Hyland at Jessica@iowabio.org.
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Past IowaBio COVID-19 Update newsletters are now available at www.iowabio.org/COVID19 and can be found under the Industry News tab on the IowaBio website.
Yesterday, Gov. Kim Reynolds announced she has directed $490 million of the $1.25 billion in Coronavirus relief funds Iowa was provided through the CARES Act, to be deposited into Iowa's Unemployment Insurance Trust Fund. The deposit will ensure that eligible Iowans continue to receive unemployment insurance benefits, and will also enable Iowa employers to remain in Tax Table 7 for 2021, helping to keep employer taxes low.
"As we move forward with recovery, I want to minimize the pandemic’s impact on employers so they can focus on growing and reinvesting in Iowa,” said Gov. Reynolds. “Iowa's employers continue to do an outstanding job during these unprecedented times and today’s action will provide them greater certainty. This move also ensures that our trust fund remains healthy and in a position to weather any storm, including COVID-19."
“From the beginning of the pandemic, Iowa has not been charging employers with claims made by laid off employees to ensure employers would not see their tax rates go up because of these claims,” Iowa Workforce Development Director Beth Townsend added “Keeping employers in Tax Table 7, saves them over $400 million in unemployment taxes.”
Key Statistics Iowa
Currently, IDPH has reported on the state’s coronavirus dashboard, 30,259 Iowans have tested positive, up 558 from our update yesterday morning, with a total of 319,041 tested. 2 additional deaths were reported since our last update, bringing the total to 719 deaths. Now 24,241 Iowans have recovered. The latest on hospitalizations, including how many patients have been admitted in the last 24 hours can be found here.
Total Cases 2,679,230 (54,357 new)
Total Deaths 128,024 (725 new)