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COVID-19 Business Recovery Resources

The Jim Moran Institute for Global Entrepreneurship remains operational and committed to serving our small business and nonprofit communities throughout the coronavirus (COVID-19) crisis. When you need us, we remain ready to support you through our programs and community-based services.

If you require assistance with an issue specific to your local area, please don't hesitate to contact our regional directors. Otherwise, please refer to the state of Florida and national resources listed throughout this article that are available to you and your business. This page will be updated throughout the duration of the COVID-19 pandemic as additional resources and best practices become available.

National Resources

Biden Administration takes steps to promote equitable access to SBA relief (National)
On Monday, February 22, President Biden announced the following changes to SBA's coronavirus relief programs to ensure equity. Specifically, on Wednesday, February 24, 2021 at 9 am ET, SBA will establish a 14-day, exclusive PPP loan application period for businesses and nonprofits with fewer than 20 employees. This will give lenders and community partners more time to work with the smallest businesses to submit their applications, while also ensuring that larger PPP-eligible businesses will still have plenty of time to apply for and receive support before the program expires on March 31, 2021. Click here for more information.

U.S. Small Business Administration Lender Match Program (National)
SBA’s Lender Match is an additional resource for pandemic-affected small businesses who have not applied for or received an approved PPP loan to connect with lenders. The forgivable PPP loan is emergency relief assistance aimed at sustaining businesses and keeping employees on payroll. Lender Match does not accept Economic Injury Disaster Loan applications. It is a a dedicated online tool for small businesses and non-profits to be matched with Community Development Financial Institutions (CDFIs), Minority Depository Institutions (MDIs), Certified Development Companies (CDCs), Farm Credit System lenders, Microlenders, as well as traditional smaller asset size lenders in the Paycheck Protection Program (PPP). Click here for more information.

Paycheck Protection Program (National)
The CARES Act established a new $349 billion Paycheck Protection Program that will provide much-needed relief to millions of small businesses so they can sustain their businesses and keep their workers employed. The U.S. Department of the Treasury and the U.S. Small Business Administration have released information on the application process. The new loan program will help with payroll and other business operating expenses. Most importantly, the SBA will forgive the portion of the loan proceeds that are used to cover the first eight weeks of payroll costs, rent, utilities, and mortgage interest. The new loan program will be available retroactive from Feb. 15, 2020, so employers can rehire their recently laid-off employees through June 30, 2020. Loan Terms & Conditions - Eligible businesses - all businesses, including non-profits, Veterans organizations, Tribal concerns, sole proprietorships, self-employed individuals, and independent contractors, with 500 or fewer employees, or no greater than the number of employees set by the SBA as the size standard for certain industries. Maximum loan amounts up to $10 million. Loan forgiveness.  All loans under this program will have the following identical features: Interest rate of 0.5%, maturity of 2 years, first payment deferred for six months, 100% guarantee by SBA, no collateral, no personal guarantees, no borrower or lender fees payable to SBA. Small businesses and sole proprietorships can apply beginning Friday, April 3, 2020. Independent contractors and self-employed individuals can apply beginning Friday, April 10, 2020. Click here for more information.  

Under the current rules, recipients of the federal assistance must spend the money within eight weeks, meaning business owners who received the earliest loans must spend the funds by May 29. Congress is currently working with the Treasury to extend the amount of time that businesses have to spend PPP funds. Business owners must also keep in mind that if at least 75 percent of the money goes toward maintaining payroll — including salary, health insurance, leave and severance pay — the federal government will forgive it. If you received a PPP loan, you should be working with your lender to apply for forgiveness. The U.S. Chamber of Commerce has created a guide that can help you get started on understanding how the forgiveness process works, if you have not already done so. You can download the guide by clicking here. For a forgiveness application, click here.

Paycheck Protection Program Loan Forgiveness Application (National)

The Small Business Administration (SBA), in consultation with the Department of the Treasury, released the Paycheck Protection Program (PPP) Loan Forgiveness Application and detailed instructions for the application on May 15. The form and instructions inform borrowers how to apply for forgiveness of their PPP loans, consistent with the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). SBA will also soon issue regulations and guidance to further assist borrowers as they complete their applications, and to provide lenders with guidance on their responsibilities. Click here for more information and to view the application.

U.S. Federal Reserve Main Street Lending Program (National)

The Federal Reserve has announced that it is establishing a Main Street Lending Program (Program) to support lending to small and medium-sized businesses that were in sound financial condition before the onset of the COVID-19 pandemic. The Program will operate through three facilities: the Main Street New Loan Facility (MSNLF), the Main Street Priority Loan Facility (MSPLF), and the Main Street Expanded Loan Facility (MSELF). Click here for more information.

IRS Employee Retention Credit (National)

The Employee Retention Credit is a refundable tax credit against certain employment taxes equal to 50 percent of the qualified wages an eligible employer pays to employees after March 12, 2020, and before January 1, 2021. Eligible employers can get immediate access to the credit by reducing employment tax deposits they are otherwise required to make. Also, if the employer's employment tax deposits are not sufficient to cover the credit, the employer may get an advance payment from the IRS. Click here for more information.

U.S Chamber of Commerce Save Small Business Initiative (National)
The U.S. Chamber of Commerce unveiled its Save Small Business Initiative to address the immediate needs of the small business community, mitigate closures and job losses, and mobilize support for long-term recovery in the wake of the economic destruction of the COVID-19 pandemic. The U.S. Chamber Foundation is supporting the supplemental financial assistance by launching their Save Small Business Fund. Funded by contributions from corporate and philanthropic partners, the U.S. Chamber Foundation will be providing $5,000 supplemental grants to small employers in economically vulnerable communities. Applications for the Save Small Business Grant Fund will open this Monday, April 20, 2020, at 3:00 p.m. ET. For more information on the Save Small Business Grant Fund including qualifications, the application process and FAQs, please click here.

SBA Economic Injury Disaster Loan (National)
The U.S. Small Business Administration (SBA) is providing targeted, low-interest loans to small businesses and non-profits in all U.S. states and territories that have been severely impacted by the coronavirus (COVID-19). Business owners in all U.S. states, Washington D.C., and territories are eligible to apply for an Economic Injury Disaster Loan advance of up to $10,000.

 The SBA’s Economic Injury Disaster Loan program offers working capital loans of up to $2 million that can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing.

Applicants are encouraged to apply online for a disaster loan. If you do not have access to a computer or smartphone, please call us at 1‐800‐659‐2955 for assistance. For details, click here.

Current SBA Disaster Loans Deferred (National)
The U.S. Small Business Administration Administrator Jovita Carranza announced changes to help borrowers still paying back SBA loans from previous disasters. By making this change, deferments through December 31, 2020, will be automatic. Now, borrowers of home and business disaster loans do not have to contact SBA to request deferment. “The SBA is looking at every option and taking every action to cut red tape to make it easier for small businesses to stay in business. Automatically deferring existing SBA disaster loans through the end of the year will help borrowers during this unprecedented time,” said Administrator Carranza.

Families First Coronavirus Response Act (National)
On March 20, 2020 the U.S. Treasury Department, Internal Revenue Service (IRS), and the U.S. Department of Labor announced that small and midsize employers can begin taking advantage of two new refundable payroll tax credits, designed to immediately and fully reimburse them, dollar-for-dollar, for the cost of providing Coronavirus-related leave to their employees. This relief is provided under the Families First Coronavirus Response Act (Act), signed by President Trump on March 18, 2020. The Act will help by giving all American businesses with fewer than 500 employees funds to provide employees with paid leave, either for the employee's own health needs or to care for family members. The legislation will enable employers to keep their workers on their payrolls, while at the same time ensuring that workers are not forced to choose between their paychecks and the public health measures needed to combat the virus. To learn more click here. Further information can be found here on the U.S. Department of Labor’s website.

Federal Taxes (National)
The U.S. Treasury Department and Internal Revenue Service has announced that the federal income tax filing due date is automatically extended from April 15, 2020, to July 15, 2020. Taxpayers can also defer federal income tax payments due on April 15, 2020, to July 15, 2020, without penalties and interest, regardless of the amount owed. This deferment applies to all taxpayers, including individuals, trusts and estates, corporations and other non-corporate tax filers as well as those who pay self-employment tax. Please visit the IRS website for additional details.

U.S. Chamber of Commerce Small Business Guide (National)
The U.S. Chamber of Commerce's complete coronavirus guide, updated daily with new resources to assist you and your business. Click here to learn more.

CDC Interim Guidance for Businesses and Employers to Plan and Respond to Coronavirus Disease 2019 (National)
Employers should plan to respond in a flexible way to varying levels of disease transmission in the community and be prepared to refine their business response plans as needed. Click here to read the Center for Disease Control's business disaster guide.

EDO CEMP Customization Guide (National)
To give businesses a better chance at survival post-disaster, the U.S. Chamber Foundation offers a free toolkit called Resilience in a Box, in partnership with The UPS Foundation. This collection of resources educates business leaders on disaster preparedness and helps put them on a path to resilience.

Statewide Resources

Leon County Offers Assistance For Small Businesses Through Leon County Cares Program (Florida)

If you have been impacted by COVID-19, you may be eligible to apply for assistance through Leon County’s Leon CARES program. Starting Monday, Aug. 17 at 8 a.m., eligible applicants may apply for direct assistance to support households, businesses, and human services agencies here.

The Leon CARES program uses up to $51.2 million in federal dollars to fund essential public health and safety expenditures related to COVID-19 including enhanced testing and contract tracing, addressing food insecurity, direct assistance to individuals experiencing financial hardship, a variety of human service needs, critical economic relief to the local business community, and direct COVID related costs incurred by the County, Constitutional and Judicial Offices, and the City of Tallahassee.

The grant will be broken up into three different sections – Individual Assistance, Small Business Assistance, and Local Human Services Agencies Assistance. Each category has different eligibility requirements. Learn more about grant details here.


Florida SBDC Network Paycheck Protection Program & EIDL Loans Explained (Florida)

Interested in applying for the Paycheck Protection Program or Economic Injury Disaster Loan program? Watch this video for an explanation of these programs and visit FloridaSBDC.org for more information.

Florida SBDC Network Small Business Planning for Reopening and Future Success (Florida)

As businesses begin planning for the eventual reopening of the economy, there are many questions. These questions include: How should my business prepare for phased reopening? What steps should I take to protect my employees and customers? What are marketing and business strategies I can implement to be successful after reopening? This webinar will provide you with key information on the following topics:
• How to prepare for phased reopening
• Business best practices for when you reopen
• Successful back to business strategies
• Business continuity recommendations for future interruptions

Florida SBDC Network Marketing During COVID-19 Webinar (Florida)

Watch this 20-minute webinar from the Florida SBDC at the University of South Florida to get some new ideas for taking your business virtually and pivoting your marketing to get through the COVID-19 pandemic.

Florida SBDC Network Tips To Prepare For Reopening (Florida)
Though your business may be closed, now is the time to start preparing for your next chapter. The Florida SBDC Network recommends you develop a well-thought-out plan for when you can open again. While not all businesses are brick and mortar, many of these tips can be applied to your business. Focusing on the highlighted areas will help make the transition easier for you, your employees, and your customers.

Florida SBDC Network Guide To Business Resiliency In Times of Disaster (Florida)
Many business owners are wondering what they can do to help meet the challenges of COVID-19. The guide provides suggestions for cash management, pricing and cost containment, supply chain management, and marketing.

Florida SBDC Network Small Business Guide To COVID-19 (Florida)
Tips to do right now to stay afloat, SBA loan programs explained, pro tips, looking ahead, and more.

Business Damage Assessment Survey (Florida)
The State of Florida has also activated the Business Damage Assessment Survey to assess the impact of COVID-19 on Florida’s local business operations. With proper reporting through the Business Damage Assessment Survey, Florida can activate vital programs to help eligible small businesses, small agricultural cooperatives, and most private nonprofit organizations meet financial obligations and operating expenses that could have been met should the pandemic not have occurred. Information submitted by businesses will help the State of Florida determine the type and level of resources needed to continue to help impacted businesses. Visit www.floridadisaster.biz to learn more.

DEO's Short Time Compensation Program for Employers (Florida)
The Florida Department of Economic Opportunity (DEO) offers the Short Time Compensation Program, designed to help employers maintain their staff by reducing the weekly working hours during temporary slowdowns instead of temporarily laying off employees. The program permits prorated reemployment assistance benefits to employees whose work hours and earnings are reduced as part of a Short Time Compensation plan to avoid total layoff of some employees. For information on qualifications and how to apply, click here.

Reemployment Assistance Service Center (Florida)
Information and links to CONNECT for Reemployment Assistance Claimants and Employers. Click here to learn more.

EDO Comprehensive Emergency Management Plan (Florida)
EDO Disaster Plan templates that can be easily customized for your organization and service area. Click here to download the PDF.

Business Taxes (Florida)
Governor DeSantis has directed the Florida Department of Revenue to provide flexibility on the deadlines of taxes due such as corporate income tax and sales tax to assist businesses that are adversely impacted by COVID-19. The Department has established a dedicated team to address tax-related issues pertaining to COVID-19 and has created an email address, COVID19TAXHELP@FloridaRevenue.com, where you can share your questions and concerns.

State Department of Health (Florida)
The Florida Department of Health has provided a dedicated COVID-19 webpage to keep citizens informed of the latest health updates. Click here to learn more.

Regional Resources

Managing Director: Melissa Roberts
Director of North Florida Operations: Mike Campbell
Associate Director, Jacksonville Operations:  Stephanie Royal
Director of Central Florida Operations: Shane Smith
South Florida Operations Director:  Jennifer Brin Kovach
Associate Director of Palm Beach Operations: Courtney Mickens

BigBendAERO (Florida)
Based in Tallahassee, BigBendAERO is a coalition of public agencies and community non-profit organizations united to provide current and new businesses with resources to aid in their success. Click here to see their list of COVID-19 resources.

AERO South Florida (Florida)
Based in Ft. Lauderdale, AERO South Florida is a coalition of public agencies and community nonprofit organizations united to provide current and new businesses with resources to aid in their success. Click here to see their list of COVID-19 resources.

ANRO (Florida)
The Alliance of Nonprofit Resource Organizations (ANRO), based in Broward County, Florida is a coalition of public agencies and community nonprofit organizations united to provide current and new nonprofit organizations with resources to aid in their success. Click here to see their list of COVID-19 resources.

Additional Resources

World Health Organization (Global)
Coronavirus disease (COVID-19) technical guidance for schools, workplaces & institutions. Click here to learn more.

COVID-19 Recovery Plan (Moore Communications)
A three-stage framework to help businesses emerge in a position of strength while recovering from the economic crisis caused by the COVID-19 epidemic.