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!

Click here for our CoronaVirus Blog posts

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 bizdev@workforce.lacounty.gov 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 bizdev@workforce.lacounty.gov

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
https://workforce.lacounty.gov/wp-content/uploads/2020/04/Employer-Assistance-Grant-Fund-Application-Webinar-4.7.2020.pdf

LOS ANGELES COUNTY EMPLOYER ASSISTANCE GRANT FUND FAQS
https://workforce.lacounty.gov/wp-content/uploads/2020/04/LACERGF-FAQs-4-7.pdf

Fact Sheet
https://workforce.lacounty.gov/wp-content/uploads/2020/04/Factsheet-Updated-Date-and-Information.gif

Apply Here
https://mywdacs.force.com/community/WDACSGrantManagementLogin

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
  • Inventor
  • Rent
  • 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
Apply Here
https://mywdacs.force.com/community/WDACSGrantManagementLogin

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.

Helpful Financial Information

Currently Available Financial Assistance Resources:

Los Angeles County plans to assist small businesses in applying for loans through the U.S. Small Business Administration (SBA).

  • Los Angeles County would like to work with utility and service providers to waive late fees and forgo service disconnections for tenants and small businesses who have been impacted.
  • The County will consider collaborating with banks and mortgage lenders to waive late fees, forgo notices of default and delay other actions to foreclose on property.

Find resources here: Financial Resources

From the Office of Congressman Ted Lieu:

SBA ECONOMIC INJURY DISASTER LOANS—COVID-19

The SBA assistance program was passed by Congress specifically to assist small businesses affected by COVID-19. The SBA is working directly with Governors to provide targeted, low-interest loans to small businesses and private nonprofit organizations that have been severely impacted by the Coronavirus (COVID-19) outbreak.

Small businesses in eligible areas may apply for an Economic Injury Disaster Loan (EIDL) online at: SBA Disaster Loan COVID-19 or they can also reach out to their locPal SBA District Offices.

The SBA’s EIDL program provides small businesses with working capital loans of up to $2 million to help overcome the temporary loss of revenue.

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.

Office Locator

LA County Unemployed Residents

The Department of Public Social Services is aware of the financial impact that the Coronavirus is having on the health and financial well-being of County of Los Angeles residents, leaving thousands unemployed or underemployed. The department has provided resources to help residents who may be experiencing financial challenges due to the pandemic:

IF YOU HAVE HAD YOUR HOURS CUT, BEEN FURLOUGHED, OR LAID OFF:

If your employer has reduced your hours or shut down operations due to COVID-19, you can file for unemployment insurance. If you are expecting to return to your job after the dust settles, you do not have to be actively seeking new work during the outbreak. But you must be “able and available to work” to get these benefits, which generally range from $40-$450 per week for up to six months.

File Unemployment Claim

Are you Sick or Caring for a Sick Person?

If You are Currently Sick With the Coronavirus or Have Been Exposed:

Individuals who are unable to work due to having or being exposed to COVID-19 (certified by a medical professional) can file a Disability Insurance (DI) claim.

Disability Insurance provides short-term benefit payments to eligible workers who have full or partial loss of wages due to a non-work-related illness, injury, or pregnancy. Benefit amounts are approximately 60-70 percent of wages (depending on income) and range from $50 – $1,300 a week.

File A Claim

If You Are Caring For Someone Who Is Sick

Californians who are unable to work because they are caring for an ill or quarantined family member with COVID-19 (certified by a medical professional) can file a Paid Family Leave (PFL) claim.

Paid Family Leave provides up to six weeks of benefit payments to eligible workers who have a full or partial loss of wages because they need time off work to care for a seriously ill family member or to bond with a new child. Benefit amounts are approximately 60-70 percent of wages (depending on income) and range from $50-$1,300 a week.

File A Claim

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.

Click here for a list is our membership’s online presence. If you’re a member business and do not see your Website listed here, please contact President@TopangaChamber.org

We will update the list accordingly next eblast.