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5/21/2020 - Online Resources for Businesses Regarding COVID-19

 

Reopening Canton Businesses: Click here to view available reopening resources

Important Summary of Resources and Information for Businesses

 

·       DECD's COVID-19 Business Emergency Response Unit

·       US Small Business Administration disaster-relief loans

·       Tax Filing Extensions

·       Unemployment Assistance

·       Business Interruption Insurance

·       Supply Chain Continuity

·       Guidance regarding medical leave costs for small and medium business

 

Found at the following: https://portal.ct.gov/Coronavirus/Information-For/Business-Resources

 

1.     Small Business Administration (SBA)

 

·       SBA’s Economic Injury Disaster Loans – Up to $2 million in assistance:

o   Loans may provide economic support to help overcome temporary loss of revenue.

o   May be used to pay debts, payroll, accounts payable and bills. Interest rate for small businesses is 3.75%. Non-profit interest rate is 2.75%.

o   Long-term repayments, up to 30 years. Specific terms on a case-by-case basis.

o   Visit SBA.gov/disaster

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

o   Visit https://disasterloan.sba.gov/ela/

o   Visit https://www.uschamber.com/press-release/us-chamber-of-commerce-launches-nationwide-save-small-business-initiative

 

2.     The Hartford Foundation: The Hartford Foundation has launched a $1 million fund to respond to the needs of Greater Hartford residents impacted by the COVID-19 virus crisis.  Click Here

 

3.     The Connecticut Small Business Development Center: Request expert assistance at no cost to complete your COVID19 SBA Economic Injury Loan application at: https://ctsbdc.com/

 

·       IRS to Provide Reimbursement for COVID19 Medical Leave

·       Utilities & Telecom Relief

·      Latest News

 

4.     Connecticut Department of Economic and Community Development and Connecticut Innovations: $75,000 in bridge loans to Connecticut Businesses. Information available at the following:

 

·       https://portal.ct.gov/DECD/Content/Coronavirus-Business-Recovery/CT-Recovery-Bridge-Loan-Program

·       https://www.hartfordbusiness.com/article/decd-ci-look-to-launch-75000-bridge-loans-program-quickly?fbclid=IwAR1PMoZRDhHcEjP8e01ezpFGWsaRkI4PPmbBz10i_A6sQXB1AASv-Ubk4qA

·       https://portal.ct.gov/DECD/Content/Business-Development/05_Funding_Opportunities/Small-Business-Express

 

5.   Connecticut Department of Economic and Community Development Business Exemptions for Coronavirus - Executive Order 7H:  Click Here

 

6.     Center for Disease Control and Prevention: Guidance for Businesses and Employers to Plan and Respond to Coronavirus Disease 2019 (COVID-19):  Click Here

 

7.     Facebook: Facebook for Business COVID19 Resources (Action Steps, Grants, Resilience Toolkit, Action Guide, Education):  Click Here

 

8.     The Connecticut Business & Industry Association

·       Additional COVID-19 Assistance for Employees

o   HR Hotline: Layoffs? Furloughs? Shared Work?

o   COVID-19 Federal FMLA, Sick Leave Law for Small, Midsized Employers

o  COVID-19 Federal FMLA, Sick Leave Law for Small, Midsized Employers

 

·       Additional COVID-19 Assistance for Employers

o   CDC: Interim Guidance for Businesses &Employers

o   Five Fast Coronavirus Facts Employers Must Know

o   U.S.Department of Labor Guidance on Covid-19 Paid Leave Provisions

 

9.  Main Street Resources and Tools: Funding Programs & Business Support, Tip Sheets, Peer Exchange: Click Here

 

10. US Chamber of Commerce: Coronavirus Aid, Relief, and Economic Security Act: What Small Businesses Need to Know: Click Here

11. The Small Business Owner’s Guide to the CARES Act: Click Here

12. Expanded Unemployment Benefits: Expanded unemployment benefits to cover self-employed and gig workers including,
Pandemic Unemployment Assistance Program (PUA), Self-Employment Assistance Program, Standard Unemployment Benefits
for Self-Employed Workers

13. Paycheck Protection Program:  Click Here

14. COVID-19 Business Response Program Line of Credit: HEDCO, Inc. has partnered with the State of Connecticut, the CT Department
of Economic & Community Development (DECD) and the CT Minority Business Initiative to provide financial relief to
minority-owned and women-owned small businesses negatively impacted by the coronavirus pandemic: 
 Click Here

15. Connecticut Manufacturing Innovation Fund Voucher Program: CTMVP announced a $50,000 grant for the purchase of specialized
equipment and expertise that will help improve operations, including marketing, LEAN, compliance, and other
technical needs: 
 Click Here

16. https://www.federalreserve.gov/newsevents/pressreleases/monetary20200409a.htm

17. CT Department of Agriculture: USDA has released a one-stop-shop of federal programs that can be used by rural communities,
organizations and individuals impacted by the COVID-19 pandemic. 
The COVID-19 Federal Rural Resource Guide is a first-of-its-kind
resource for rural leaders looking for federal funding and partnership opportunities to help address this pandemic. Click Here

18. Relief for CT Artists: Click Here

19. Citizens Bank Small Business Recovery Fund: $100,000 from Citizens Bank to help small businesses fill financial gaps. Click Here 

20. CT Artist Relief Fund:  Click Here

21. CT Department of Labor

22. https://www.cbia.com/news/small-business/face-masks-connecticut-small-business-employees/

23. CT Main Street

24. Expanded Guidance on the Employee Retention Credit: Click Here

25. 2-1-1 of CT Information and Resources: Click Here

26. Main Street America Training for Businesses:  Click Here

27. 5/12/20 CT Business Reopening Review of New Guidelines with DECD Commissioner David Lehman: Click Here

28. Governor Lamont Releases Rules for Businesses Under First Phase of Connecticut’s Reopening Plans Amid COVID-19

29. CT Business Reopening and Recovery Center: Click Here
30. 5/15/20 Distribution of Infrared Thermometers to Eligible Small Businesses, Non-Profits, and Places of Worship: Click Here
31. Non-Profit Relief: Click Here
 
32. 5/19/20 Reopen CT Advisory Group to Hold Community Roundtable at 2:00PM: Click Here
 
33. FVHD Outdoor Eating Guidance: Click Here

34. CT Small Business Training Workshop on Reopening Issues: Click Here
 
35. General Online Resources for Businesses

o   Connecticut Department of Economic and Community Development Small Businesses

o   Connecticut Department of Economic and Community Development Small Business Express

o   The Connecticut Small Business Development Center

o   What Business Grants Are Available in Connecticut?

o   U.S.Small Business Association Connecticut Office