Covid 19 News and Resources

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Small Business Administration (SBA) Assistance

The SBA’s working goal is to avoid having any businesses fail as a result of the slowdown caused by COVID-19. The Economic Injury Disaster Loan Program (EIDL) is a longstanding program administered by the SBA, and has been leveraged by businesses harmed by natural disasters in the past. These loans are provided directly from the agency. An SBA administrator will issue an EIDL declaration under the Small Business Act, upon certification from a state governor, in the event that at least five small businesses have suffered substantial economic injury as a result of a disaster. All states have already begun this process (with many having finished it already).

This week, in addition to the SBA’s Economic Injury Disaster Loan Program, there have been two additional programs announced to help small business owners. The Express Bridge Loan Program and an assistance program by the USDA.

https://files.constantcontact.com/0c777779001/f28e82ca-509b-4faa-aa71-12ce6bf3bca4.pdf

https://www.sba.gov/page/coronavirus-covid-19-small-business-guidance-loan-resources

Facebook Small Business Grants Program

We know that your business may be experiencing disruptions resulting from the global outbreak of COVID-19. We’ve heard that a little financial support can go a long way, so we are offering $100M in cash grants and ad credits to help during this challenging time.

Facebook is offering $100M in cash grants and ad credits for up to 30,000 eligible small businesses in over 30 countries where we operate. https://www.facebook.com/business/boost/grants?ref=alias

The Coronarvirus Aid, Relief, and Economic Security (CARES)

The Coronavirus Aid, Relief, and Economic Security (CARES) Act allocated $350 billion to help small businesses keep workers employed amid the pandemic and economic downturn. Known as the  Paycheck Protection Program, the initiative provides 100% federally guaranteed loans to small businesses who maintain their payroll during this emergency. Importantly, these loans may be forgiven if borrowers maintain their payrolls during the crisis or restore their payrolls afterward.

For more information: READ MORE

Local First Arizona Small Business Relief Fund

Local First Arizona announced the initiative Friday that would cover costs such as employee payroll and rent. Small, family-owned Arizona businesses with three or fewer employees can apply for mini-grants under a new effort to help those facing challenges during the coronavirus pandemic. The effort has initial sponsors in Salt River Project and the Jack Pfister Support Fund, and Local First Arizona is asking individuals or companies to contribute to the fund. SRP’s sponsorship is to benefit small businesses in its service area. Additional sponsors include local business Iconic Cocktail Co. and others. Local First Arizona https://www.localfirstaz.com/small-business-relief-fund

Cares Act short summary

The U.S. Senate Committee on Small Business & Entrepreneurship has created a comprehensive guide available on their website. The guide provides information about the major programs and initiatives that will soon be available from SBA. It cane be found here:

www.florenceazchamber.com/the-small-business-owners-guide-to-the-cares-act/

Assistance for Small Businesses

The Paycheck Protection Program prioritizes millions of Americans employed by small businesses by authorizing up to $349 billion toward job retention and certain other expenses.Small businesses and eligible nonprofit organizations, Veterans organizations, and Tribal businesses described in the Small Business Act, as well as individuals who are self-employed or are independent contractors, are eligible if they also meet program size standards.

Treasury just posted the following information on PPP. Applications start April 3rd.

https://home.treasury.gov/cares

Unemployment Insurance Program Changes Federal Coronavirus Response Legislation Program Summary

Info: http://www.florenceazchamber.com/9683-2/

The state is adding $600 to the maximum weekly unemployment benefit of $240, and the first checks should go out as soon as next week, the Arizona Department of Economic Security

More Updates:

  • U.S. Department Of Labor Publishes Guidance Explaining Paid Sick Leave And Expanded Family and Medical Leave Under
    The Families First Coronavirus Response Act READ MORE
  • Governor Ducey Issues Order Delaying Evictions For Renters Impacted By COVID-19
    READ EXECUTIVE ORDER
  • Governor Doug Ducey today issued an executive order clarifying businesses and operations deemed “essential” by the state and providing certainty to business owners, employees and families. The order is a proactive and administrative measure to ensure consistent guidance across the state.Full release below. View Executive Order here.

Governor Ducey announces launch of 2-1-1 COVID-19 Hotline. READ MORE

Governor Doug Ducey issued an executive order implementing an Enhanced Surveillance Advisory that will accelerate tracking of COVID-19 cases and strengthen the ability of the Arizona Department of Health Services (ADHS) to respond to the outbreak. The advisory requires hospitals and testing laboratories to report key metrics that will inform the state’s response to COVID-19.

View release here.

View Executive Order here.

Arizona Together initiative was launched to support Arizonans. It will help connect individuals and businesses to resources, raise money for community organizations and provide information on volunteer opportunities. This can be found at ArizonaTogether.org. If you have questions about this, please contact the Chamber at roger@florenceazchamber.org. 

Resources:

STATE RESOURCES:

THE TOWN OF FLORENCE ALSO HAS CURRENT USEFUL INFORMATION:
http://www.florenceaz.gov/coronavirus/