News: April 2020
Below is a list of many resources from the Indiana Chamber, US Chamber, and the IRS. There are also many outlets for assistance locally, check with EDC of Wayne County, the Wayne County Foundation, and Center City Development Corporation.
Indiana Chamber offers several business resources-
Small Business Administration offers several business resources-
Coronavirus Funding Options
Guidance for Businesses and Employers
Local Assistance
Join the SBA’s Relief Efforts
SBA Products and Resources
Government Contracting
US Chamber of Commerce-Combating Coronavirus
Our nation and our economy are facing an unprecedented crisis. The U.S. Chamber of Commerce is marshalling its full resources to help companies continue to operate and keep paychecks flowing to American workers and families, while mobilizing the business community to combat the pandemic.
Because no family and no business should go bankrupt as a result of the coronavirus.
RESOURCES & GUIDANCE
Help for Small Businesses
Delivering the latest resources, advice and information to help small businesses navigate this challenging time, including financial aid guides, remote working tips, best practices, links to webinars and townhalls, and much more. Follow @GrowWithCo for the latest.
The CARES Act allocated $350 billion to help small firms keep workers employed. Called the Paycheck Protection Program (PPP), the initiative provides 100% federally guaranteed loans that can be forgiven if borrowers maintain or restore payrolls. Check eligibility, calculate borrowing limits, and apply using this guide.
The CARES Act expanded the SBA’s long-standing Economic Injury Disaster Loan Program (EIDL), which includes additional loan programs and $10,000 emergency grants. Check eligibility, calculate borrowing limits, and apply using this guide.
If you are an independent contractor or self-employed individual, you may be eligible for Paycheck Protection Program (PPP) loans/grants, SBA’s Economic Injury Disaster Loans (EIDL), and/or Unemployment Compensation for lost income. This guide walks you through all the steps.
In partnership with Inc. Magazine, CO— is hosting weekly virtual townhalls to help small business owners and sole proprietors navigate financial aid and support programs and answer common questions. Register to attend the next virtual town hall.
IRS: Three new credits are available to many businesses hit by COVID-19
Employee Retention Credit
Paid Sick Leave Credit and Family Leave Credit
April 23, 2020
Below is a list of many resources from the Indiana Chamber, US Chamber, and the IRS. There are also many outlets for assistance locally, check with EDC of Wayne County, the Wayne County Foundation, and Center City Development Corporation.
Indiana Chamber offers several business resources-