MBDA-Tacoma Business Center: COVID-19 Business Information & Resources

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: March 31, 2020

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.

April 1st: 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, & Friday 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.

US Chamber’s Emergency Loans Small Business Guide and ChecklistU.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.

Guide to the CARES ActU.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.

March 30th: COVID-19 BUSINESS INFO SERIES Webinar, 11am – 12pmTacoma Pierce County Chamber

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 StatesNational 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.

March 27th: COVID-19 BUSINESS INFO SERIES Webinar, 11am – 12pmTacoma Pierce County Chamber

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.

March 25th: COVID-19 BUSINESS INFO SERIES Webinar, 11am – 12pmTacoma Pierce County Chamber

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-19Washington 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.

March 23rd: COVID-19 BUSINESS INFO SERIES Webinar, 11am – 12pmTacoma Pierce County Chamber

DHS Relaxes Form I-9 Review RequirementsSociety 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.

March 20th: COVID-19 BUSINESS INFO SERIES Webinar, 11am – 12pmTacoma Pierce County Chamber

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)

MBDA-Tacoma Business Center Staff Working Remotely

Businesses In 32 Counties In Washington State Can Now Apply For SBA’s Economic Injury Disaster Loan Program (EIDL)

3 Things To Know: SBA Support For Businesses Impacted By Coronavirus

Rep. Kilmer Votes To Support COVID-19 Emergency Funding Supplemental

City Of Tacoma Proclaims State Of Emergency In Response To COVID-19

Businesses in 32 counties in Washington state can now apply for SBA’s Economic Injury Disaster Loan Program

The federal Small Business Administration (SBA) may be able to provide assistance through the Economic Injury Disaster Loans program to businesses that have suffered substantial economic injury in an eligible disaster area. Congress approved up to $7 billion in low-interest disaster loans specifically to assist small businesses impacted by COVID-19. These loans can help small businesses meet financial obligations and cover operating expenses.

Businesses in 32 counties in Washington state can now apply for SBA’s Economic Injury Disaster Loan Program – disaster relief loans up to $2 million with interest rates between 2.75% and 3.75% depending on the type of business. The funds can be used for paying debts, bills, accounts payable, payroll, among other reasons. 

See links below for information on how to apply:

Small Buisiness Guidance for SBA COVID-19 loans
SBA Disaster Loan Application Portal

See WA State Department of Commerce webpage for more details and links to state, regional and federal updates regarding Coronavirus. 

Tacoma Challenge – Win $100K to locate your business in Tacoma

$100K to locate your business in Tacoma? If you’ve got a good idea, you might qualify!

The TACOMA CHALLENGE is intended to drive awareness of Tacoma as an outstanding place to grow your product, idea, or creation. Tacoma wants YOUR company and has the resources, network, space, and funding that you need to flourish. Visit Tacoma Challenge on their Facebook Live Stream or in person to meet the mentors and founders to learn how YOUR COMPANY can win it all.

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MBDA-Tacoma Business Center Staff Working Remotely

By recommendation of City of Tacoma City Manager, starting Monday, March 16, staff of MBDA-Tacoma Business Center will be working remotely.

Our staff can still be reached through email and phone:
Linda Lee Womack, Program Director
lwomack@cityoftacoma.org, (253) 591-5239

Ivan Golovkin, Project Specialist
igolovkin@cityoftacoma.org, (253) 591-5240

Capacity Building Mentorship Program contact:
Brenna Deegan, Administrative Assistant
bdeegan@cityoftacoma.org, (253) 573-2435

The MBDA-Tacoma Business Center is operated by the City of Tacoma and will follow the health guidance and directives of the jurisdiction of the State of Washington and the City of Tacoma.

The Centers for Disease Control (CDC) has issued mitigation strategies for King, Pierce and Snohomish Counties and, as risks relating to COVID-19 in Washington state increase, employees are advised to observe precautionary measures recommended by both Tacoma-Pierce County Health Department and the CDC, which include practicing social distancing strategies.

3 Things to Know: SBA Support for Businesses Impacted by Coronavirus

1. SBA to Provide Disaster Assistance Loans for Small Businesses Impacted by Coronavirus (COVID-19)

2. Financing, Exporting and Advising Resources to Support Small Businesses Impacted by COVID-19

3. Continue to Get Updates from the SBA on COVID-19 Support for Small Businesses

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Rep. Kilmer Votes to Support COVID-19 Emergency Funding Supplemental

Kilmer-led Provision to Include Relief to Small Businesses
Washington, DC – On March 4, Rep. Kilmer voted to support H.R. 6074, the Coronavirus Preparedness and Response Supplemental Appropriations Act, which provides $8.3 billion in new funding to establish a robust response to this public health emergency. The legislation, which passed the House 415-2, includes $950 million for state and local health agencies to conduct vital public health activities, including surveillance, laboratory testing, infection control, contact tracing, and mitigation.

The legislation also includes a provision championed by Rep. Kilmer that allows $1 billion in loan subsidies to be made available to help small businesses, including shellfish growers, trade-dependent manufacturers, and others that have been impacted by financial losses as a result of the coronavirus outbreak. This funding could enable the Small Business Administration to provide an estimated $7 billion in loans to these entities and provides $20 million to the SBA to administer these loans.

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