It is expected a $484 billion package will be approved Friday April 24th to replenish Small Business Administration programs aimed at helping small businesses weather the negative impact of COVID-19 on the economy. New funding for the SBA programs is expected to be as follows:
The CARES Act was passed by Congress on the evening of March 26th. This blog article aims to briefly describe some of the programs and initiatives created through the Act with respect to economic relief for small business.
The Minnesota Department of Employment and Economic Development is creating a new Small Business Emergency Loan Program to provide financial assistance to thousands of businesses negatively affected by the COVID-19 situation. Please continue reading to learn more.
The SBA Economic Injury Disaster Loan Program is now open to small businesses in Minnesota. The program offers low-interest disaster loans to help businesses recover from the adverse effects of COVID-19. Online loan training seminars have already been scheduled for this weekend (March 21-22), with more trainings to come in the following weeks. Further information is provided in this article.
Economic Injury Disaster Loan Program for COVID-19 Survey
Mar 17, 2020
The Minnesota Department of Employment and Economic Development (DEED) and U.S. Small Business Administration (SBA) are working together to activate the Economic Injury Disaster Loan Program (EIDL) to provide assistance to businesses and non-profits adversely impacted by COVID-19.
The first step in this process requires 1 business from every county in Minnesota to fill out the survey. With this in mind, DEED does not need an abundance of responses to the survey. If you are able, please fill out the survey by the end of this week and email your responses to email@example.com.
For more information and to stay up to date on the progress towards activating EIDL, please visit this webpage on DEED’s website.
FutureForward is a networking tool designed to facilitate in-depth connections between students, educators, and local business professionals. Developed by Southeast Service Cooperative, FutureForward is a regionally sourced initiative created to address issues of workforce development, attraction, and retention. FutureForward will be piloted by high school students this spring with a full launch scheduled for the Fall of 2020.
The Harvest Entrepreneur Network (HEN) is a new program in the State of Minnesota, led by Community and Economic Development Associates (CEDA). HEN is looking to recruit approximately 40 agriculturally focused entrepreneurs as well as entrepreneurs from underserved populations (including women, minorities, veterans, people with disabilities, and non-binary individuals). The program is free, and all are welcome to apply. Applications will be reviewed on a bi-weekly basis through the March 6th, 2020 deadline.
Perhaps you’ve already heard of it, but what is “business succession” and why is it important? As a business owner, maybe you’ve thought your future outside of work– but what about the future of your business without you?
Many communities across Greater Minnesota are challenged with fulfilling their housing needs. In an effort to remain proactive and strategic, many Dodge County communities are taking steps to conduct comprehensive housing studies. The primary objective of these studies is to assist in determining each community’s housing deficits. They will provide a detailed analysis that will identify current and future housing needs in the community and help decision makers develop a greater understanding of the housing market.
In today's world, society has a growing "go, go, go" mentality. With this mentality ways of communication are constantly changing. Whether trying to bring awareness or attract attention, we are forced to think "out of the box" on how to deliver our message.
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