News
Small Business Administration Loan Information
Small Business AssistanceThe SBA’s website is not up-to-date yet so if individuals from: Millard, Beaver, Uintah, Box Elder, Cache and Weber counties go on the website, they will not see their county listed as eligible but please note, all 29 counties in the state of Utah are eligible. Here are the links for the the1. SBA Disaster Declaration https://mcusercontent.com/a92328b6eb79ef9d90e3f1f0b/files/4f7a5f56-c361-4915-8c32-505153f95899/SBA_Utah_disaster_declaration_release.pdf2. Disaster Loan Assistance
Federal Update - PHASE 2 Passed
Yesterday, “Phase 2” of federal Coronavirus relief efforts was passed by the Senate and approved by President Trump. The legislation is estimated to provide roughly $100 billion in relief for those infected by COVID-19 as well as businesses and workers who are otherwise impacted. The legislation includes the following reforms:Businesses with fewer than 500 employees will now offer two weeks of paid sick leave for employees infected with COVID-19. However, some small businesses (fewer than 50 employees) may
Unemployment Links for Employees & Employers
Resources for Employees Affected by Layoffs The Department of Workforce Services has created an information page with resources available regarding Unemployment Insurance, Child Care and Food Assistance for those whose business and employment may be impacted by COVID-19. There is also a link to Unemployment Insurance FAQs for employers. You may access information either on the homepage of jobs.utah.gov or you can visit Employer and Employee Resources.
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Additional Resources for Businesses
Additional Resources Like most of you, my email inbox is overflowing with emails offering resources during this time. I’m working to sift through them and share the most helpful ones to you.Google for Small Businesses which has some very good tips on things to think about during this time (for example, you may need to update your hours). Remember, people can apply for benefits without going to the office. That link also has the information they need to do that.Facebook Grant Facebook for Business is
Roger Brooks Webinar for Downtown and Hospitality Businesses
Here is the recording of “Dealing with the Coronavirus: What to do immediately, to help save you tourism industry & downtown businesses” by Roger Brooks. Roger Brooks Webinar Roger Brooks has assisted nearly 2,000 communities with their branding, tourism, downtown development and marketing efforts during his distinguished career, which spans more than 35 years. Founder of award-winning Roger Brooks International, Inc., and the Destination Development Association, Roger is author of the books "Your
Thursday March 19, 2020 Virtual Conference
Here is the link to Thursday March 19th's virtual conference: https://www.youtube.com/watch?v=zYjGqYn5W3E
State of Utah's Business Resource Page
State of Utah's business resources visit: https://coronavirus.utah.gov/business/
Community Bingo Card
Here is a fun activity (complete with ideas) on how people can support their community throughout this process. Let's all share this post and start some great positive actions in our own community!!
Local Business Support Video
To see a short 1 minute video about where to locate business resources watch: https://www.youtube.com/watch?v=2wLXJCZPc6g
How Customers Can Support Local Video
Residents interested in helping Utah retailers survive should watch the 40-second video for strategies. It has advice on dine-in options for closed restaurants and gift card purchases.”
Utah Leads Together, a Plan for Health and Economic Recovery!
Today the Utah Economic Response Task Force will present a three-phase plan to support Utah’s economy through the public health response to novel coronavirus. The plan will be released during a virtual press conference at 2:00 p.m.. Please find a one-sheet on the Economic Response Plan - "Utah Leads Together" here and the complete plan here.
IRS Update Information
The IRS posted today Filing and Payment Deadline Questions and Answers. These Q&As address the federal filing and payment extension to July 15 due to the COVID-19 (coronavirus) outbreak. These Q&As currently include information on the additional extension to Oct. 15, first quarter estimated tax payments, IRAs and HSAs. We also have a new IRS.gov page that provides updates on mission-critical functions of the IRS. This page provides an overview of changes related to IRS operations and guidance for
Tuesday March 24 Virtual Conference
The Utah Economic Response Task Force hosted a “Facts & FAQs” virtual conference call on Tuesday, March 24, 2020 at 4:00 p.m. MST to provide an update on the status of economic efforts to mitigate the coronavirus. This zoom video conference focused on workforce stabilization strategies during the pandemic. Hear what you can do for your employees today. Agenda - Governor Gary R. Herbert - Update on Economic Response Task Force - Utah Economic Response Task Force Chair Derek Miller - Federal Stimulus Programs
Department of Labor Information
Department of Labor:This link provides guidance from DOL regarding the paid sick and family leave requirements under the Family First Coronavirus Response Act: https://www.dol.gov/newsroom/releases/whd/whd20200324. Here is an FAQ section that our staff has found to be helpful as well: https://www.dol.gov/agencies/whd/pandemic/ffcra-questions.
Thursday March 26, 2020 Virtual Conference
Here is the link to the March 26th Virtual Conference with the Economic Response Recovery Team: http://youtube.com/watch?v=uSd_lJG4jtk&feature=youtu.be&fbclid=IwAR2HmUCpWOoKWgLs_8BdWBS4atLPmrz8gIsDjg7YgHH7j8G17xKT9PdRuEc
SBDC Webinar Video from March 26, 2020
From Surviving to Thriving: How to Lead Your Biz Through the PandemicHosted by Jared TurnerIn case you missed the live webinar, or in case you would like to watch it again, here is the link to the replay video:Replay video: https://event.webinarjam.com/t/click/0v528hgipiri1ou3wt2cr Enjoy the content!
Phase 3 Federal Bill
Below are the highlights of the "Phase 3" support legislation that are most important to many of you right now: $2 Trillion in total stimulus spending $350 billion small business (fewer than 500 employees) loan fundUp to $10 million in loans per business that is meeting payroll for the next eight weeksExpenses for payroll, mortgage interest/rent, and utilities are forgivableCan defer 2020 payroll taxes to Dec. 31, 2021 (50%) and Dec. 31, 2022 (50%) Changes to SBA's Economic Injury Disaster Loans for
