COVID-19 (Corona Virus)
Resources and Information
Your Chamber Board is hard at work with our first COVID-19 Action which will support our affected business community. We are reaching out to the Community to discern how the Chamber might potentially be of assistance to our affected businesses during this time of financial impact on your business. We are reaching out to our representation to find more resources for our business community. Please read on for resources that might be a perfect fit for you!
UPDATE on NEW $500K Employer Assistance Fund
LA County Grants for small business in the UNINCORPORATED AREAS
Due to technical issues, the County wasn’t able to host its live webinar on Tuesday April 7. The County instead recorded the presentation and uploaded it to the Website and social media. The presentation and all links related to this program will include the email firstname.lastname@example.org for questions to be asked.
The application opening date and application time has been revised to Thursday, April 9, at 8:00am. This will allow extra time for questions to be answered.
WDACS is committed to rectifying these technical issues and we look forward to a robust launch of the application process on Thursday. Thank you for your understanding and please let us know if you have questions at email@example.com
Information on the application process. Please be prepared to apply by Thursday April 9, 2020 at 8:00am when the application process opens. As funds are limited, the first round of applications will be processed on a first-come-first-served basis and closes once 150 applications are received or at 8:00 am on Wednesday, April 15, whichever is first.
Webinar for Grant for Unincorporated Areas of LA County
LOS ANGELES COUNTY EMPLOYER ASSISTANCE GRANT FUND FAQS
The Los Angeles County Department of Workforce Development, Aging and Community Services (WDACS), with support of the Los Angeles County Board of Supervisors, announced that the LA County Employer Assistance Grant Fund will be launched Thursday April 9 at 8:00am.
The LA County Employer Assistance Grant Fund will provide a total of $500,000 to local businesses. Individual businesses may be awarded up to $10,000 based on demonstrated need. Approximately 25% of awards will be reserved for social enterprises that demonstrate a need and ability to serve vulnerable populations.
Applications will be processed on a first-come-first-served basis, and will close once 150 applications are received.
To qualify to apply for the Employer Assistance Grant Fund, the business must:
Be a for-profit corporation, partnership, or non-profit with a for-profit activity in Los Angeles County. Social enterprises and non-profit (501(c)3) firms qualify.
Application review priority will be given to businesses in the unincorporated areas of LA County: http://planning.lacounty.gov/znet
- Have between 2 and 50 full-time employees. (Note: Applicants that serve high barrier and/or vulnerable populations may exclude transitional employees from this count).
- Have less than $2,000,000 in gross receipts or annual revenue
- Demonstrate significant economic hardship as a result of COVID-19. (Businesses that have demonstrated evidence of a loss of revenue of at least 20% will have met the burden of demonstrating significant economic hardship) Have been established at least one quarter prior to March 4, 2020 (on or before December 4, 2019)
- Be able to produce tax returns
Funding is not guaranteed. Factors that will be considered when determining grant awards will include (1) impact of the COVID-19 crisis; (2) best use/highest impact; (3) years in business operation; (4) number of employees impacted; and (5) ability to leverage alternate funds. Compliance with the grant will be monitored for three years.
Grant funding may be used for the following:
- Mortgage payments
- Bridge funding to other lending or financial resources (e.g. SBA Payroll Protection)
- Working capital cost
- Utility expenses
- Other debt obligations incurred before the covered period
Funds cannot be used to satisfy any outstanding tax liens, legal judgements, any lobbying activities, employee payroll, or fringe benefit expenses.
Apply April 9 at 8:00am
LA County Public Health Mandated Closures
LA County Department of Public Health has mandated certain business closures.
Click here to view the closures—As of March 16, 2020
The Small Business Owner’s Guide to the CARES Act
The programs and initiatives in the Coronavirus Aid, Relief, and Economic Security (CARES) Act that was just passed by Congress are intended to assist business owners with whatever needs they have right now. When implemented, there will be many new resources available for small businesses, as well as certain non- profits and other employers. This guide provides information about the major programs and initiatives that will soon be available from the Small Business Administration (SBA) to address these needs, as well as some additional tax provisions that are outside the scope of SBA.
To keep up to date on when these programs become available, please stay in contact with your local Small Business Administration (SBA) District Office, which you can locate here.
Struggling to get started? The following questions might help point you in the right direction. Do you need:
- Capital to cover the cost of retaining employees? Then the Paycheck Protection Program might be right for you.
- A quick infusion of a smaller amount of cash to cover you right now? You might want to look into an Emergency Economic Injury Grant.
- To ease your fears about keeping up with payments on your current or potential SBA loan? The Small Business Debt Relief Program could help.
- Just some quality, free counseling to help you navigate this uncertain economic time? The resource partners might be your best bet.
Businesses Facing Potential Closure or Layoffs
Employers planning a closure or major layoffs as a result of the coronavirus can get help through the Rapid Response program. Rapid Response teams will meet with you to discuss your needs, help avert potential layoffs, and provide immediate on-site services to assist workers facing job losses. For more information, refer to the Rapid Response Services for Businesses PDF or contact your local America Job Centers of CaliforniaSM.
This program can help lower your businesses Unemployment Insurance costs as workers are re-employed more quickly.
For The Consumer’s Needs
Photo of white cordless laptop with mouse of the same color near by[/caption] Photo of white cordless laptop with mouse of the same color near by[/caption]As a consumer in the Community—whether you own a business or not—please shop online with our local community! Our businesses have Websites where you can make purchases to support them through social distancing and personal decisions not to shop, for the time being, at brick and mortar stores.
We will update the list accordingly next eblast.
Resources Links List
- Is my business essential?
- Federal Stimulus Bill: Primer
- Business Concierge
- Price Gouging During An Emergency
- Statewide Moratorium on Evictions
- Property Tax Relief
- Business Worker Disaster Help Center
- Digital Hub For Updates
- Temporary Closure of Public Trails and Trailheads, Beaches, Piers, Beach Bike Paths and Beach Access Points
- COVID-19: Utility Bill Relief
- Beware: Fraudulent COVID—19 Websites, Emails & Scams
- 60 Day Extension State Payroll Taxes
- Urgent! COVID-19 Impact on Your Business: Responses Needed
- H.R.6040 Small Business Relief From Communicable Disease Induced Economic Hardship Act of 2020
- Small Business Finance Center Disaster Relief
- Employers Lay-off Aversion Program Resources & Incentives
- Self-Employment Resources: Self-Employed Impacted by COVID-19
- Government Actions Halt Business Evictions
- Workshare Program: Reduced Work Hours
- LAEDC Resources
- From the Office of Congressman Ted Lieu: SBA ECONOMIC INJURY DISASTER LOANS—COVID-19 Disaster Loan Information
- Businesses Facing Potential Closure or Layoffs
- LA County Unemployed Residents
- IF YOU ARE CURRENTLY SICK WITH THE CORONAVIRUS OR HAVE BEEN EXPOSED
- If You Are Caring For Someone Who Is Sick