See the following news and information compiled by MBDA-Tacoma Business Center related to COVID-19 business resources. You can also follow us on our Facebook page for more updates.
Last update: July 13, 2020
July 15: COVID-19 BUSINESS INFO SERIES Webinar, 11am – 12pm – Tacoma Pierce County Chamber
Please join Tacoma Pierce County Chamber’s panel for an in-depth discussion of issues for our businesses that have arisen due to the COVID-19 outbreak. This series of calls will continue each Monday & Wednesday as long as there is a need. Missed a Previous Call? Need next call info? Visit the Chamber’s COVID-19 Resource Page for more information.
$10 Million Pledged in Grants to Black Businesses – American Express
American Express is building a coalition, with the U.S. Chamber of Commerce Foundation, that will bring together the U.S. Black Chambers, the National Black Chamber of Commerce, the National Business League and Walker’s Legacy with a $10 million pledge over the next four years to fund a program that will provide grants to U.S. Black-owned small businesses to assist in their recovery and address the challenges they face due to racial and social inequalities. More information will be available at ShopSmall.com.
Manufacturer Recovery Assistance Funds – Impact Washington
Impact Washington is inviting Washington based US Small-and medium-sized manufacturers (SME’s) to apply for CARES Act Recovery Assistance funds. These funds provide services that directly support a manufacturer’s ability to recover from the coronavirus. There is no formal application process– your facility’s inquiry into getting the funds starts with a no-cost Recovery Assessment. Click here to learn more.
July 9: SBA Program Update and PPP Loan Forgiveness Application, 9am – 10:30am – WA Small Business Development Center
This webinar will cover recent updates to SBA COVID-19 related programs and the PPP loan forgiveness application and related instructions. Representatives from the SBA and the Washington State Small Business Development Center (SBDC) will review the PPP Loan Forgiveness regulations and related applications and instructions including how it changes the rules related to owner compensation, FTE counts, the 24-week covered period, non-payroll costs and more. This will be a one-hour presentation followed by 30 minutes of Q&A. Register here.
SBA Began Accepting New PPP Applications – Small Business Administration
As of July 6th at 6 a.m. Pacific Time the SBA is accepting Paycheck Protection Program (PPP) Loan Applications again. The new deadline is Aug. 8, 2020. There is still $130 billion available. As before, businesses must work directly with lenders to apply for PPP. SBA’s Lender Match has been reverted to a CDFI and small lender finder for PPP.
June 26 – 9am PST: Road to Recovery for America’s Hispanic-Owned Businesses Friday – Small Business Administration
SBA invites you to join the COVID-19 Road to Recovery event for America’s Hispanic-Owned businesses. Entrepreneurs, non-profit organizations, faith-based organizations or anyone in need of financial assistance may join this call and learn what opportunities exist to recover during these challenging times.
Register in advance at www.access.live/SBA to receive a call at 9 a.m. PST on 6/26 or call 833-380-0652 at 9 a.m. PST on 6/26 to be connected to the interactive call or click here @ 9am PST on 6/26 to listen to the live event.
Unfinished Business: Funding for African American, Asian, and Latinx Businesses – Hennessy/LVMH Group
Hennessy is responding with a commitment to provide financial support for small businesses in the United States that are bearing a disproportionate share of the consequences of the crisis through an initiative called “Unfinished Business”. The program will support small businesses owned by Black, Hispanic and Asian Americans that have been hit especially hard by the crisis. Application open dates are from 6:00am PDT on June 22, 2020, to 8:59pm PDT on July 1, 2020. View application and requirements here.
Free Non-Contact Infrared Thermometers Available for Businesses – FEMA
This is an informational update. Washington will receive a total of 9,154 thermometers from FEMA. The Non-Contact Infrared Thermometers are being distributed to support the reopening of the Nation’s workplaces and restarting the American economy. FEMA made it clear that the distribution will be decided by the state. We have been made aware that 4,000 of the 9,154 thermometers have been approved to be distributed to businesses. Read this guide for the decision process for distributing the thermometers.
June 25: Live Webinar – PPP Loan Forgiveness Q&A with the Experts – Small Business Administration
Join us for this live webinar where representatives from the SBA and the Washington State Small Business Development Center (SBDC) will review the PPP Loan Forgiveness regulations and related applications and instructions including how it changes the rules related to owner compensation, FTE counts, the 24-week covered period, non-payroll costs and more. This will be a one-hour presentation followed by 30 minutes of Q&A. Register for the webinar here.
June 22nd: Oregon Webinar – Get answers to your PPP questions and more, 1:30pm – 2:30pm – Small Business Administration
Learn about the recent changes to the Paycheck Protection Program with experts from the Oregon Small Business Development Center (SBDC) Capital Access Team, Summit Bank and the U.S. Small Business Administration Portland District Office. This one-hour webinar will include Eric Lind from the Oregon SBDC’s Capital Access Team, Ashley Horner from Summit Bank and SBA Portland District Director, Martin Golden. After a short discussion, we will open it up to your questions. Register here
Pierce County COVID-19 Adaptation Grant Program: Reimbursement of Expenses Related to COVID-19 Safety Practices – Pierce County Economic Development
Many businesses and organizations in Pierce County will incur costs as they make changes to reopen consistent with the Governor’s Safe Start Plan. To protect the public and provide support to impacted organizations, Pierce County has created a grant program that may help offset some of these costs. See grant program requirements.
SBA’s Economic Injury Disaster Loans and Advance Program Reopened – Small Business Administration
To further meet the needs of U.S. small businesses and non-profits, the U.S. Small Business Administration reopened the Economic Injury Disaster Loan (EIDL) and EIDL Advance program portal to all eligible applicants experiencing economic impacts due to COVID-19 today. Learn more.
5 Things You Should Know About the Paycheck Protection Program (PPP) – Small Business Administration
Small Business Administration office of Pacific Northwest Region shared a bulletin today with an update about the Paycheck Protection Program. Update includes details of remaining PPP funding available, last date for PPP loan applications, resources and more. Click here to view news bulletin from SBA Pacific NW Region.
June 15th: Little Known GovCon Strategies for THRIVING in a Down Economy, 1 PM – 2:30 PM PDT
Carol Bernard, co-founder of Govolgy, will share how well-positioned savvy business can not only survive in down economies but can have some of their best years by seeking opportunities government marketplace. With talk of a new $2 trillion infrastructure stimulus package circulating in Washington D.C., it’s time for contractors to strategically position themselves to take advantage of upcoming opportunities. This webinar is open to any small business located in Washington, Oregon, Alaska, Idaho, and Montana. Register here.
Plan for a Successful Re-Opening: New Rebound and Recovery Website – Association of Washington Business
Many Washington businesses are getting ready to re-open. Association of Washington Business (AWB) wants to help make reopening as easy as possible to ensure your workplace is ready to safely welcome back your employees and customers. AWB has developed customizable materials to support your reopening – to help you communicate new COVID-19 requirements with your employees and customers. Click here to learn about the Rebound and Recovery toolkit.
June 9, 8 AM – 9 AM: Small Business Roundtable – A Virtual Conversation – Tacoma-Pierce County Chamber of Commerce
Join Tacoma Pierce County Chamber to reconnect and discuss ideas with friends and colleagues during the Chamber’s Small Business Roundtable. Free to attend. Space is limited to 40 registrants. Registration ends 5pm, June 8th. Click here to register.
FedEx #SupportSmall Grants – FedEx
FedEx is offering 200 grants of $5,000 each plus a $500 credit for packing and printing. The grant application process opens on May 25, 2020, and ends on June 12, 2020, at 11:59:59 p.m. ET. Apply promptly at FedEx #SupportSmall Grants.
General Business and Return to Work Inquiries – Washington State Department of Commerce
Washington State Department of Commerce Economic Resiliency Team (ERT) Business Response Center. Business owners and operators may obtain answers to general business inquiries regarding financial assistance, return to work or other business questions related to recovery efforts. Ask your question here.
PPP Loan Forgiveness Training Webinar – Small Business Administration
SBA Seattle and Washington SBDC recorded a PPP Loan Forgiveness training webinar with One Redmond and the Eastside Recovery Hub. The video recording includes a walkthrough of how to fill out the PPP Loan Forgiveness Application, you can also download the slides.
Updates on PPP Policy Released on May 22nd – Small Business Administration
On May 22nd, the U.S. Treasury released additional policy relating to the SBA PPP loan forgiveness policy:
– SBA Loan Review Procedures and Borrower and Lender Responsibilities
– PPP Interim Final Rule Loan Forgiveness
Pierce County CARES: Free Personal Protective Equipment (PPE) Available to County Businesses While Supplies Last – Pierce County Economic Development
Pierce County is providing free personal protective equipment (PPE) to county businesses to help them comply with COVID-19 workplace safety practices and protect employees and customers. This program is funded through $158 million in Coronavirus Aid, Relief, and Economic Security (CARES) Act federal dollars. A total of $30 million will be focused on economic stabilization and recovery projects in Pierce County. Click Here to Request PPE
Thursday, May 21, 12 PM: Join SBA and iHeartRadio for a Small Business Relief Webinar – Small Business Administration
Learn about COVID-19 small business relief and funding options from the SBA during this special webinar hosted by iHeartRadio. Tailored for small businesses based across the western U.S., SBA leaders will provide key information and answer questions on ways businesses can overcome the challenges created by this health crisis.
Enterprising Women of Color: The Formula For a Winning Comeback (May 13 – June 3) – Minority Business Development Agency
May 13 thru June 3, join the Minority Business Development Agency’s Enterprising Women of Color Initiative in partnership with the National Minority Supplier Diversity Council, as we present a 4-week virtual event series for women of color entrepreneurs looking to reevaluate their business strategies. During this virtual event series, we will also have resource providers on hand to share valuable information on navigating new opportunities to help you formulate your COMEBACK strategy. See registration links here.
SBA Releases PPP Loan Forgiveness Application and Detailed Instructions – Small Business Administration
The SBA, in consultation with the Department of the Treasury, released the Paycheck Protection Program (PPP) Loan Forgiveness Application and detailed instructions for the application. 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). The SBA will soon issue regulations and guidance to further assist borrowers as they complete their applications, and to provide lenders with guidance on their responsibilities. See full newsletter here.
UW Consulting and Business Development Center Offers COVID-19 Recovery & Reconstruction Workshops – University of Washington
Faculty from the University of Washington Foster School of Business are offering a series of workshops to help companies pivot to new opportunities and position themselves for sustainable growth over the next two years. Each workshop will include both lectures from Foster School faculty and peer-to-peer discussions that will provide mutual support among business owners. Workshops will take place Wednesdays from May 13 thru June 24, at 5:30-6:30 pm. Sign up here.
Weekly Economic Resilience Team Newsletter – May 13, 2020: “Safe Start” Guidance Posted for Phase 1, Some Phase 2 Sectors
Phase 1 Guidance issued; covers construction, vehicle sales, drive-in spiritual services, car washes, landscaping, pet walking, and curbside retail. Each week, the newsletter will provide the latest news and information to help businesses and workers navigate the COVID-19 pandemic. Read full Newsletter here.
Back to Work Pierce County Resource Guide – Pierce County Economic Development
As Pierce County businesses continue to adapt during the COVID-19 pandemic, we’ve created a roundup of resources to help your business continue to operate under new guidelines or prepare to re-open. View the resource guide here.
May 20th Webinar: Small Business Resources and DBE Program Certification Guidance Updates NWR – U.S. Department of Transportation (DOT)
The Office of Small and Disadvantaged Business Utilization (OSDBU) in collaboration with the Departmental Office of Civil Rights (DOCR) and OSDBU’s Northwest Region Small Business Transportation Resource Center (SBTRC) will host a webinar to provide small businesses nationwide an opportunity to hear about recent Disadvantaged Business enterprise (DBE) program certification guidance and programs to assist them mitigate the impact of COVID19 pandemic. Wednesday, May 20, 2020 11:00 AM – 12:00 PM PDT. Register here.
May 7th, 11th, 12th: Small Business Requirements and Resources (SBRR) COVID-19 Impact Webinars – Small Business Liaison Team – Department Of Employment Security
This webinar provides a quick overview of some of the state responses, resources, and other impacts affecting small businesses.You’ll also learn about the Small Business Liaison’s team response to COVID-19; Getting unstuck – where to get further information and assistance to help you weather through this challenging period; Small business recovery conversations. Click here for information and registration.
Reopening Businesses in Washington: “Safe Start” Plan – Governor Jay Inslee
Some businesses could re-open as early as this week under the new COVID-19 order signed by Gov. Jay Inslee on May 4th. The state’s “Safe Start” plan is a phased approach to re-opening Washington’s economy. Under the plan, smaller counties can apply for a variance from the order which would allow them to open even more businesses than allowed statewide. Safe Start sets a careful approach to emerging from the pandemic. It allows for modifications of business closures and physical distancing measures while minimizing the health impacts of COVID-19.
> Read the full Safe Start policy plan here.
> Read the full story on the governor’s Medium page.
SBA EIDL Loan Portal Reopened for Agricultural Businesses – Small Business Administration
SBA will begin accepting new Economic Injury Disaster Loan (EIDL) and EIDL Advance applications on a limited basis only to provide relief to U.S. agricultural businesses. At this time, only agricultural business applications will be accepted due to limitations in funding availability and the unprecedented submission of applications already received. Applicants who have already submitted their applications will continue to be processed on a first-come, first-served basis. For agricultural businesses that submitted an EIDL application through the streamlined application portal prior to the legislative change, SBA will process these applications without the need for re-applying. Apply here.
ScaleUp: The COVID-19 Edition: 100 Slots in Free Online Training Series Open for Registration April 30th at 10 a.m. – Washington State Department of Commerce
The Washington State Department of Commerce has partnered with the Thurston Economic Development Council (EDC) to offer a new version of the EDC’s highly successful ScaleUp program aimed at helping small business owners move forward through the COVID-19 crisis.
“ScaleUp provides actionable ideas to help small business owners right now to weather the uncertainties of the coronavirus pandemic and develop resiliency for the future,” said Commerce Director Lisa Brown. Registration here.
Available Resources, Grants, And Loans For Small Businesses (April 27th update) – MBDA-Tacoma Business Center
As you may have already heard, SBA EIDL applications that have been submitted to the SBA but not approved due to lack of funding are being reviewed, processed and submitted during this second release of appropriations. They are NOT accepting any new applications online. The only application available is the regular Disaster Loan that you can apply for — but not the EIDL loan or $10,000 grant advance.
Good News! There are still other free grants, loan programs, and resources available to assist your business.
Manufacturing Recovery Preparedness Webinars: Back to Work Measures & Controls Webinars – Impact Washington & Economic Development Board Tacoma Pierce County
Join the experts from Impact Washington on a call and hear how they’ve been coaching manufacturers thru a process for back to work site compliance. They’re helping facilities determine whether Engineering Controls, Administrative Controls, or Personal Protective measures are recommended based on the work areas within their facility and each employees risk of exposure due to the nature of their job functions.
Select one of three webinar dates available: Thursday, April 30, at 11:00 AM; Tuesday, May 5, at 11:00 AM; Thursday, May 7, at 11:00 AM
Update for Sole Proprietors and LLCs Applying for Paycheck Protection Program
Guidance on providing payroll information for the PPP loan
What You Need to Know About the Latest Government Funds – Salesforce
On April 23rd, Congress passed an additional $310 billion to expand the Paycheck Protection Program (PPP) and help more small businesses access critical funding. The SBA has resumed accepting Paycheck Protection Program applications from participating lenders on Monday, April 27, 2020 at 7:30am PDT. Salesforce has provided answers for questions small businesses may have about the new government funds. Read article.
Salesforce Care Small Business Grants – Salesforce & Ureeka
As part of Salesforce’s commitment to small businesses and giving back to the community, Salesforce is partnering with Ureeka to offer eligible small businesses the opportunity to receive a $10,000 grant to help them through the COVID-19 outbreak. The grant application opens to Washington-based businesses on April 27th at 8:00am and closes on May 4th at 11:59pm. We encourage interested businesses to review Ureeka’s FAQ’s and detailed eligibility requirements in advance of applying.
LISC Small Business Relief Grant – Local Initiative Support Corporation
Thanks to a $2.5 million investment from Verizon and a $1 million grant from Sam’s Club, LISC will provide the emergency assistance that small businesses desperately need to stay afloat. LISC will deploy grants up to $10,000 to help small businesses bridge the financial gap, and deliver technical assistance to help them navigate the intricate web of public and private resources now available. LISC will focus these efforts on historically underserved communities—especially those enterprises owned or led by women, minorities and veterans, which often lack access to affordable capital. Because of the urgency of the crisis, applications are due closing Tuesday, April 28th at 8:59pm (PST). Please read the grant Information and FAQ before applying. APPLY HERE!
April 23rd: How to Become a Seller on the Amazon Business Marketplace 10am – 1pm PDT (Recorded Webinar) – Amazon Business & Minority Business Development Agency
MBDA invites you to an overview of the Minority Business and Technology Initiative, a collaboration between Amazon Business and the U.S. Department of Commerce, Minority Business Development Agency (MBDA) that seeks to accelerate the inclusion of minority owned enterprises in e-commerce and to improve the use of digital technology for domestic and global sales. All small businesses are welcome to participate in this webinar. Visit the MBDA Minority Business & Technology Initiative webpage to learn more and see other webinar dates available.
Click here to view recorded webinar.
Resources for Small Businesses: Four Things You Can Do Now (April 22, 2020) – Small Business Administration
April 22nd: Rep. Kilmer Virtual Town Hall for Minority-owned Small Businesses, 3:30pm – 4:30pm
Congressman Derek Kilmer invites you to participate in a virtual town hall event focused on resources available to minority-owned small businesses that have been adversely affected by COVID-19. Since the passage of the CARES Act, the federal government has worked to provide economic relief for our nation’s small businesses – we want to ensure those who need help have access to the best and most accurate information.
Watch recorded Virtual Town Hall event here
Pierce County Emergency Small Business Relief Loan Program – Pierce County Economic Development
Pierce County Loan Funds are now available for business physically located anywhere in Pierce County including incorporated cities. Loan amounts up to $20,000 will be awarded, based on number of employees. Loans will be offered to qualified applicants at no interest and no payments for 12 months. Applications will be accepted on a first come, first served basis, subject to available funds. See website for qualifications and to apply.
April 22nd: COVID-19 Stimulus Package- How To Access Funds, 12pm PDT – National Women’s Business Council
Join The Vinetta Project and The National Women’s Business Council for a Virtual Panel that will provide Startup Founders with the latest guidance on Loans, Grants and Payroll Relief from the Cares Act. We will bring together experts from the U.S. Small Business Administration (SBA), JP Morgan Chase, and KPMG to guide your through the rules and process. Register here.
SAVE SMALL BUSINESS INITIATIVE: U.S. Chamber Foundation Providing $5,000 Supplemental Grants to Small Employers – U.S. Chamber of Commerce
[Update: Applications have been closed] The U.S. Chamber 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. Applications for the Save Small Business Grant Fund will open this Monday, April 20, 2020, at 12:00 p.m. PT. There are several eligibility requirements including that business must be located within certain zip-codes. Eligibility requirements can be found here. Apply as soon as possible – grants based on order received.
TractionSpace from Tacoma is Hosting a Series of Free Business Webinars
Message from TractionSpace: “We are committed to keeping small businesses on the cutting edge. During this time of crisis, our normally affordable webinar series is now free.” TractionSpace represents the next generation of coworking businesses that are focused on helping members grow their businesses and optimize their work/life harmony.
April 17th: Helping Entrepreneurs Complete Strong PPP Applications: An Overview of the PPP Application Requirements 12pm – 1:30pm – National Development Council
An Overview of the PPP Application Requirements: If you’re looking to help your community’s entrepreneurs and nonprofits connect with Paycheck Protection Program (PPP) assistance, join us for a free webinar giving a line by line overview of the PPP application. By walking through the PPP application requirements live with a NDC GAF Loan Officer, you will gain a strong understanding of the requirements needed to put together a successful PPP application by the end of the session.
Updated Paycheck Protection Program (PPP) FAQ Sheet – Small Business Administration
On April 14th, the U.S. Treasury Department updated the FAQs on PPP, now including answers to 28 questions. It is recommended to use the online version of the PDF which can be found (and is likely to be updated again) at www.treasury.gov/cares under Assistance for Small Business.
Small Business Resiliency Assistance – WA State Department of Commerce
The Washington State Department of Commerce announced a new partnership with organizations that serve cultural and historically disadvantaged businesses and communities across the state. The Small Business Resiliency Assistance program will provide technical assistance to small business owners affected by the COVID pandemic. Find the list of participating organizations here.
April 16th: Examining Advanced Strategies for the CARES Act Webinar, 3pm – 5pm – Associated Builders & Contractors
Hear from industry experts on how to maximize your return from the Paycheck Protection Program (PPP) and the Employee Credit Retention credit. Lenders are available to answer questions about PPP process. FREE to participate! Click here to register.
This session is a kick-off for ABC Construction Business School for Spring 2020 term that starts May 5th and will be 100% virtual!
PayPal is now offering Paycheck Protection Program loans to more than 10 million small businesses – Fortune.com
“PayPal has received approval to provide small business loans through the government’s Paycheck Protection Program, a pillar of the $2.2 trillion stimulus package to alleviate economic stress from the coronavirus pandemic.” Read full article on Fortune.com here.
Rapid Response South Sound: Tacoma-Pierce County Chamber of Commerce creates one-stop resource for business concerns due to COVID-19 crisis
Rapid Response South Sound is here to provide expert guidance for South Sound employers so businesses like yours can comply with frequently changing rules and regulations.If you are unsure about lending options or developing regulations at the federal, state and local levels; the Rapid Response team are available to help you navigate the crisis. They have people who will talk with you personally and walk you through your available options and new resources. Ask an Expert plus large Resources and FAQ sections. Visit: www.rapidresponsesouthsound.com.
Attention King County Businesses: Facebook Small Business Grants Program
Facebook has allocated $8.5 million for King County business in cash grants and ad credits to help during this challenging time. Up to 30,000 eligible small businesses in more than 30 countries where Facebook operates will be able to receive the grant. See Program website for eligibility and more information.
April 8: Maintaining Cash Flow During the COVID-19 Crisis: An Overview of New Federal Support Programs & Practical Advice for Contractors, 1pm – 2:30pm– Associated General Contractors of America
This webinar will provide an overview of how construction firms can take advantage of recent federal programs created to support businesses during the COVID-19 crisis, including the new Small Business Administration (SBA) Paycheck Protection Program and revisions to the Economic Injury Disaster Loan program, as well as some tax relief and tax deferral programs created in the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Register here for the webinar.
New Trump Administration Guidance Now Allows Firms With 500 Or Fewer Employees To Qualify For Paycheck Protection Program Loans – Associated General Contracts of America
The Associated General Contractors of America announced that the Trump administration released new guidance that now allows firms with 500 or fewer employees to qualify for the new Paycheck Protection Program Loans. Association officials noted that the administration released the new guidance after the association raised concerns over the weekend that many firms that employ 500 or fewer employees appeared to be excluded from the program. Read full article here.
Working Washington Small Business Emergency Grant program (WWSBEG) – StartUp Washington
Governor Inslee is offering a new Working Washington Small Business Emergency Grant program to assist small businesses impacted by the COVID-19 outbreak. Up to $5 million in funds are provided through the Governor’s Strategic Reserve Fund and administered by the State Department of Commerce. The grant program will provide a limited number of businesses in Washington’s 39 counties with a grant up to $10,000. Click here to learn about the eligibility and process.
April 9th: USHCC’s National Discussion with Henry Childs, Director, Minority Business Development Agency Regarding Resources for Small Businesses, 1pm PDT – United States Hispanic Chamber of Commerce
Please join the United States Hispanic Chamber of Commerce (USHCC), Ramiro Cavazos, President and CEO and Henry Childs, Director, Minority Business Development Agency for a national discussion regarding available resources and technical assistance for Hispanic and Minority-owned small businesses. Our member will have the opportunity to ask questions, receive information on MBDA resources, and share the needs of your respective communities.
April 8th: Coronavirus – Managing Your Amazon Business at This Critical Time, 10am PDT – Amazon Small Business Academy
During these unprecedented times, learn how you can make adjustments in your Amazon account and resources available to you through grants, loans, and education.
Amazon is hosting a series of webinars designed for small business owners and their employees to hear best practices for successful selling in Amazon stores. Click here to see all webinars.
April 8th: COVID-19 and the Trade War Webinar, 3pm – 4:30pm – World Trade Center Tacoma and Partners
An interactive webinar on the impact of the Trade War and COVID-19 on trade, and particularly for local small- and medium-size enterprises engaged in international trade. Listen and participate in a panel discussion on defending against this “one-two punch” as we cover supply chain disruptions, export sales challenges, and logistical issues from the global to local perspective. Registration.
SBA Released Interim Final Rule on the Paycheck Protection Program
This interim final rule announces the implementation of sections 1102 and 1106 of the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Section 1102 of the Act temporarily adds a new product, titled the “Paycheck Protection Program,” to the U.S. Small Business Administration’s (SBA’s) 7(a) Loan Program. Section 1106 of the Act provides for forgiveness of up to the full principal amount of qualifying loans guaranteed under the Paycheck Protection Program.
See List of SBA Participating Lenders in Washington State.
Use this tool to find a participating SBA lender in your state: Find Eligible Lenders
NMSDC Info Webcast: April 3rd, 8 AM – 9:30 AM PDT: COVID-19 Town Hall. What is the COVID-19 Relief Stimulus Package? – National Minority Supplier Development Council
This virtual Town Hall welcomes key figures who were involved in crafting the Economic Stimulus package. The objective is to provide specific details of this particular piece of legislation passed in an effort to support the business sector and individuals during the COVID-19 Crisis at the local level. Register here for the NMSDC webcast.
EIG Webinar: April 3rd, 10 AM – 12 PM PDT: Understanding the Paycheck Protection Program Webinar – Economic Innovation Group
Join the Economic Innovation Group and Caleb Orr, Policy Advisor to Chairman of the Senate Committee on Small Business and Entrepreneurship Senator Marco Rubio, to learn about how the Paycheck Protection Program works, how it differs from other Small Business Administration loans, how to apply, where to find helpful resources, and what to expect from future federal efforts to support small businesses and entrepreneurs through the COVID-19 crisis. Applications open for paycheck protection loans for small businesses and sole proprietorships on Friday, April 3. Click here to register for the EIG webinar.
SBA & Treasury Begin Unprecedented Public-Private Mobilization Effort to Distribute Funds – U.S. Small Business Administration
The CARES Act establishes a new $349 billion Paycheck Protection Program. The Program will provide much-needed relief to millions of small businesses so they can sustain their businesses and keep their workers employed. Read the full press release here.
SBA Programs – Beware of Scams and Fraud Schemes
Fraudsters have already begun targeting small business owners during these economically difficult times. Be on the lookout for grant fraud, loan fraud, and phishing. Learn about scam and fraud schemes from the Office of Inspector General
Snohomish County COVID-19 Response
The Snohomish County Emergency Coordination Center (ECC) has been activated to focus the community’s resources on combating the spread of the novel coronavirus/COVID-19. View the website for information and daily briefings about available resources and updates.
US Chamber’s Emergency Loans Small Business Guide and Checklist – U.S. Chamber of Commerce
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.
**Small Business Owner’s Guide to the CARES Act – U.S. Small Business and Entrepreneurship Committee
To help small business owners and entrepreneurs better understand the new programs that will soon be available to them, the U.S. Small Business and Entrepreneurship Committee has created a comprehensive guide to many of the small business provisions in the Coronavirus Aid, Relief, and Economic Security (CARES) Act that was just passed by Congress. These programs and initiatives are intended to assist business owners with whatever needs they have right now. Download the guide here.
City of Tacoma COVID-19 Stabilization Loan Program
The City of Tacoma’s Community & Economic Development department has developed a COVID-19 Stabilization Loan program. Due to the negative impact COVID-19 and mandatory shutdowns are having on small businesses, the City of Tacoma will be offering micro-loans to existing small businesses (in operation for 1 or more years) with a physical location in Tacoma. Please review visit the FAQs page to learn more and to start the intake process.
Oregon State Coronavirus (COVID-19) Resources for Businesses
Resources for Oregon businesses looking for assistance in the event of local, regional, or statewide economic impacts due to identified disasters
Idaho Commerce COVID-19 Resources & Information
Idaho Commerce, in conjunction with the Governor’s Office, the SBA, and other State and Federal agencies, is working to provide resources and information to Idaho business and communities as they become available. Watch this page for updates and information as they become available. See COVID-19 Business Resources One-Sheet guide to available business resources in response to the COVID-19 emergency.
COVID-19 Stimulus Bill: What It Means for States – National Conference of State Legislatures
The U.S. Senate approved an estimated $2 trillion stimulus package to battle the harmful effects of the COVID-19 pandemic. See the link above for an overview of what’s included in the package
How Can MBEs Survive the Impact of COVID-19? – National Minority Supplier Development Council
Watch this YouTube video as Adrienne Trimble, President of the National Minority Supplier Development Council, interviews a panel of long-time Minority Business Enterprises (MBEs) that have experienced economic hardships. Tune in as they share what they have learned from previous National Crises.
WA State Small Business Emergency Grant Program (Coming Soon!)
Governor Inslee has created a Working Washington Small Business Grant program using a portion of the state’s Strategic Reserve Fund (SRF). The Department of Commerce is putting the finishing touches to the program’s guidelines and application. This link will be updated when more information is available.
Minority Supplier Development Council COVID-19 Supplier Matchmaker
Thee MSDC COVID-19 Supplier Matchmaker Site allows businesses/organizations interested in buying products OR services to input their needs and requirements in order to be matched with those that meet their specifications. In addition, those who are selling products OR services may share their capacity in order to be matched.
This business opportunity matchmaking portal has been designed by Michigan Minority Supplier Development Council to immediately assist corporations, government agencies, small businesses and entrepreneurs in order to accelerate the national response to the COVID-19 pandemic.
Pierce County Council Adopts COVID-19 Emergency Small Business Relief Loan Program
The Pierce County Council enacted the COVID-19 Emergency Small Business Relief Loan Program on March 24, 2020, a direct action to keep businesses located in unincorporated Pierce County in operation and protect jobs threatened by the COVID-19 pandemic. Loan amounts up to $10,000 will be awarded, based on number of employees. Loans will be offered to qualified applicants at no interest and no payments for 12 months. Learn more.
Notice About Changes and Updates to the SBA Website
Update from SBA: The SBA is working diligently to meet customer demand for the SBA Economic Injury Disaster Loan (EIDL) program and make the process as user-friendly and easy as possible for you.
As we make changes, we will have update periods where things will be in flux. While this is happening now, we still want to make sure you have a way to fill out and submit your application. If you are having issues accessing the website, try clearing your browsing data/cache.
Tax Day now July 15: Treasury, IRS extend filing deadline and federal tax payments regardless of amount
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.
See Filing and Payment Deadlines Questions and Answers for more information.
List of Essential Critical Infrastructure Workers During WA State Stay at Home Order
On March 23, 2020, Gov. Jay Inslee has issued a Stay at Home, Stay Healthy order in Washington state which will be effective for a minimum of two weeks. In accordance with this order, the Governor has designated the following list of “Essential Critical Infrastructure Workers” to help state, local, tribal, and industry partners as they work to protect communities, while ensuring continuity of functions critical to public health and safety, as well as economic and national security.
SBDC Webinars for Small Business Owners
See link above for list of free webinars from Small Business Development Center (SBDC), including:
Business Survival Strategies – March 27, 1:30 p.m.
Navigaing the SBA Economic Injury Disaster Loan (EIDL) – March 27, 3:00 p.m.
Cyber Security: Protecting Your Computers During COVID-19 – April 2, 9:00 a.m.
Keeping the Lights On: Small Business Resiliency Webinars:
March 24, 9:00 a.m. | March 25, 2:00 p.m. | March 26, 9:00 a.m. | March 31, 9:00 a.m. | April 1, 2:00 p.m.
For Workers Affected by COVID-19 – Washington State Employment Security Department
If you are affected by COVID-19, Washington State Employment Security Department (ESD) has programs that may be able to help. Their department has adopted a series of emergency rules to relieve the burden of temporary layoffs, isolation and quarantine for workers and businesses.
See message from the Employment Security Department Commissioner for brief summaries of ESD programs.
Export-Import Bank of the United States (EXIM) – Coronavirus Response
EXIM is committed to fully supporting the U.S. exporting community during this crisis. Their page will be updated with any information about EXIM’s response activities.
For internal clients: Are you worried about international sales due to COVID-19? Click here to download the Guide to Export Credit Insurance eBook
NCSL Coronavirus (COVID-19) Resources
National Conference of State Legislatures (NCSL) has provided a page with daily updates to reflect new resources in policy areas ranging from education to health care costs and access. Visit NCSL page for resources, webinars, and upcoming podcasts.
DHS Relaxes Form I-9 Review Requirements – Society for Human Resource Management
The U.S. Department of Homeland Security (DHS) announced that it will defer the requirement for employers to review, in person, Form I-9 documents. The change applies only to those employers that have instituted remote work. The physical documentation review requirements will not be excused if any employees are physically present at a work location. Read more.
Briefing from SBA Administrator Jovita Carranza on COVID-19 (Virtual Conference Call)
On March 20th, at 11:30am PDT (2:30pm ET) join SBA Administrator Jovita Carranza and U.S. Black Chambers, Inc. for a national update on COVID-19’s economic impact and the SBA’s targeted relief efforts for the nation’s small businesses. Register for the Virtual Conference Call.
Make It Tacoma Website: COVID-19 Resources
The City of Tacoma is concerned about the impacts of COVID-19 on small businesses related to their potential loss of revenue, possible employee layoffs and long-term resiliency. We want to ensure that you are connected to key resources that may assist in your decision-making and facilitate access to economic support. In addition, we are working to create additional tools to enhance your viability.
SBA: Economic Injury Disaster Loans
Learn about the eligibility, terms, and how to apply for SBA’s Economic Injury Disaster Loan (EIDL). If you have suffered substantial economic injury and are one of the following types of businesses located in a declared disaster area, you may be eligible: Small Business, Small agricultural cooperative, Most private nonprofit organizations.
Participate in the Economic Impact Survey for King, Snohomish, and Pierce Counties
Businesses and non-profit organizations in King, Snohomish, and Pierce counties are invited to complete this survey. The information will be used to identify the extent of the economic impacts, suggest ways to speed recovery, and support requests for state and federal emergency funding.
Guidance on Analyzing Issues Related to Gifts of Public Funds During the COVID-19 Pandemic – March 17, 2020 memo from WA State Attorney General Bob Ferguson issued to State Agencies and Local Governments.
Small Business Resources, SBA Disaster Loan topics of March 18 COVID-19 Conference Call (Source: The Suburban Times)