Core Items to Prepare Before Applying for Microgrant→ 2017 & 2018 tax returns (personal returns are available if business returns are not), 2019 Profit & Loss Statement, Schedule of Liabilities. Prince George's County COVID-19 Hourly Employee Relief Fund - please click here. Applications will be accepted through at 10 am on Friday, May 29, 2020. US Chamber of Commerce - Coronavirus Emergency Loans Small Business Guide and Checklist. Maryland is taking aggressive steps to support the local small businesses community and its workers. The grants would be awarded on a first-come, first-served basis until the $10 billion fund is exhausted. Building on Mayor Bowser's DC Small Business Recovery Microgrants Program administered by DMPED, the Department of Housing and Community Development (DHCD) will make available $800, 000 in Community Development Block Grant (CDBG) funding allocated from the U. S. Department of Housing and Urban Development (HUD) to eligible for-profit small businesses in Wards 7 and 8. This applies only if the money is spent on payroll, sick leave, family leave and overhead expenses between February 15, 2020 and June 6, 2020. That have been caused or intensified by the coronavirus pandemic. Both Loudoun and Fairfax counties in Virginia gave residents an extra month to pay local property taxes for automobile and business equipment, with Loudoun's deadline now on June 5 and Fairfax's on Aug. 28. 5 million investment from Verizon will allow small businesses to fill urgent financial gaps until they can resume normal operations or until other more permanent financing becomes available. The CARES Act relaxes and waives many of the approval requirements for an SBA EIDL loan, and allocates $10 billion dollars to a fund for the SBA to provide emergency grants to small business owners. Purchase and distribution of personal protection equipment. "The funds are part of a four-year $630 million plan through FY 2025 to ensure Washington, D. is competitive in attracting new high-growth companies, " Bowser said.
Additional Filing Requirements Economic Injury Disaster Loan (EIDL) form - Small Business Administration. Applications for the 1st round of grants must be completed by April 4th, 11:59 PM ET. See the eligibility and apply here. Telecommuting Policy courtesy of Momentum Law Group - please download and utilize for your employees if needed. Certain credit card companies and banks, like Bank of America, are also offering economic relief for their small business members. 0 launched on January 24, 2022 with $40 million to support economic recovery and long-term viability of brick-and-mortar restaurant, retail & entertainment businesses still grappling with the COVID-19 public health emergency.
For more information, please visit The Community Foundation website. Additional SBA loan payments. ACT Now COVID-19 Response Fund. DC Bar Foundation COVID-19 Response Fund. ACT and the City of Alexandria established the ACT Now COVID-19 Response Fund to provide emergency funding to nonprofits that are delivering the critical services and programs that are needed by Alexandrians right now. The Community Foundation will form a Community Emergency Relief Fund Advisory Committee to advise on the distribution of any funds raised. The COVID-19 Response Fund will serve as a mechanism to collect donations that can help with emergency preparedness activities or cash and other assistance to those in our community. Applications are now open for the local grant started by Kim Cayce and Citrine Angels, offering emergency grants for women-owned small businesses in the DC area of up to $5, 000 to female founders who are in desperate need of funds. Effective tonight at midnight through April 24th, the Mayor has issued a Stay-At-Home Order. To read the Mayor's order, as well as the most up to date list of resources from DC for COVID-19, please follow the links below: CCDC – Return Occupancy Letter.
Award winners are selected via a lottery process. Awards were used toward essential PPE purchases, business model pivots, business continuity planning, and pandemic-related marketing. Order of the Governor of the State of Maryland, State of Emergency in effect as of March 17, 2020, prohibiting excessive profits on certain goods and services. Majority women-owned businesses and nonprofits in the United States with annual revenues less than $5M, at least one paid employee, and with fewer than 50 individuals on staff. Still, for the purpose of getting funds from federal programs like FEMA, the emergency designation is still important to continue. Public health awareness. Engage in allocable recreational activities, as defined by the Mayor's order. Trust in your employees' ability to stay on track. Coronavirus: What you need to know. To meet the urgent challenges of the COVID-19 outbreak in Arlington, Arlington Community Foundation is focusing the Prompt Response Fund exclusively on support to nonprofit organizations who are on the front lines with clients, patients, and residents impacted by the health crisis. Some private companies and organizations have established grants for small business relief. Small businesses across the country are confronting extreme economic challenges as a result of the COVID-19 pandemic.
A robust retail sector is critical to maintaining the vibrancy of DC neighborhoods, but due to the market realities of the past year, retail businesses are under threat of business decline and closure. The Mayor of the District of Columbia has issued a Prohibition on Mass Gatherings During a Public Health Emergency as part of the management of the spread of COVID-19. He said he has instituted a hiring and procurement freeze for all programs not directly engaged in the coronavirus response and has directed the Finance Department to formulate an estimate of how county revenue will be affected by this pandemic. Ninety-five percent of applicants were determined eligible and were issued an award notification. Recording of Webinar from October 20, 2020 (Protocol, How Does It Matter in the Event Business and Everyday Life? Live Events Coalition - Upcoming Events. They would also expand the DC Infrastructure Academy to serve 355 residents and develop employer-led training grants to create new training programs that meet employers' needs and train 750 residents. Julie Verratti, co-owner of Denizens Brewing in Silver Spring, said the $75, 000 will go a long way for local restaurants and bars, which have been "burning through cash" since Maryland Gov. COVID-19 Emergency Amendment Act. The money was intended to cover wages, employees' health insurance, rent, utilities, and other fixed operating costs. Click here to apply. Traffic and transit changes in DC, Md. Contacts for Small Business Questions: DC Homeland Security & Emergency Management Agency (HSEMA).
Some members have been able to sign out equipment to use at home while others are doing virtual workouts with David Drew coaching them online. Save Small Business Fund. The Department of Housing and Community Development (DHCD) granted $1. Round 2 opens May 5 and closes June 16. SBA will forgive loans if all employees are kept on the payroll for eight weeks and the money is used for payroll, rent, mortgage interest, or utilities. Practice good self-hygiene. Entertainment Bridge Fund – $20 million. Applications will open Tuesday at 4 p. m. with a deadline of October 15 at 11:59 p. m., making for a short application window. The grant program was created through the emergency bill the D. Council passed last week.
Stay tuned for application information. You can review their Grant Information Overview and FAQ, which can be found here. Under this plan, the borrower will have to pay half of the amount in 2021, and the other half in 2022. These low-interest loans are targeted toward small businesses and nonprofits that have experienced severe economic injury due to the coronavirus. More than $250 million dollars has been committed by Mayor Muriel Bowser in her "Fair Shot" fiscal 2022 budget to attract new business and to help recovering D. businesses and D. residents create careers, not just jobs, the mayor and city officials announced at a June 14 press conference. Establishing $50 million Small Business COVID-19 Emergency Relief Grant Fund→ Provides grants of up to $10k for businesses with 50 or fewer employees who have lost revenue. Clean all work environments routinely and thoroughly. In Alexandria, the council unanimously approved a matching grant of $100, 000 in city funds to the ACT for Alexandria community foundation, to help solicit donations from the community for food, housing, medical needs and other items. These microgrants will be available to businesses, non-profits, independent contractors, and self-employe individuals, but are not available to franchises. The Community Foundation for Loudoun and Northern Fauquier Counties has established a Community Emergency Relief Fund to accept and strategically disburse funding to address COVID-19 emergency response and relief efforts in Loudoun and Northern Fauquier Counties. You can apply for the grants, and other programs to benefit D. businesses and workers hit by the public health emergency, online. Businesses were able to receive up to $10, 000 and the city said it received about 270 applicants.
The program will provide support up to $10, 000 for short term working capital to fund wages to avoid job loss caused by business closures or reduction in business due to social distancing, rent, utilities, interim operating expenses. We answered some frequently asked questions about the bivalent booster shots. Changes to Federal Paid Leave. "Pivoting a business costs money, " Deputy Mayor for Planning and Economic Development John Falcicchio said in the release.
Retirement account withdrawals. Currently, there's also the $6, 000 winterizing grants that the city is offering restaurants to upgrade their outdoor space for the upcoming cold winter months. 9 million for a Rapid Reskilling Fund providing high-demand workforce certifications for 700 residents, $12. Business leadership.
The Department of Employment Services is encouraging workers to apply for unemployment benefits if they have been negatively impacted by the coronavirus pandemic. At Old City Crossfit on H Street Northeast, the business remains afloat thanks to loyal customers who have continued to pay their memberships while training has shifted online. The COVID-19 Response Emergency Amendment Act of 2020 required DMPED to share microgrant program information to the public by June 1. The work search requirement to receive benefits has been waived. 1, 236 awards provided, impacting an estimated 14, 000 jobs.