PRINCE George’s County Executive Angela Alsobrooks announced an appropriation of $6 million to assist restaurants and food service establishments that have been adversely affected by the COVID-19 crisis.
The Restaurant Resiliency Program will provide grants up to $25,000 to Prince George’s County-based restaurants and food establishments to promote long-term sustainability and resiliency of businesses operations, support COVID-19 safety measures, and support businesses operating at reduced capacity.
Applications will be accepted between November 13, 2020 and December 18, 2020. Applications will be reviewed on a first-come, first-served basis. Grant will be awarded on a rolling basis.
Have a question? Email us at RestaurantFund@co.pg.md.us
for more INFORMATION and/or to apply:
www.pgcedc.com/RESTAURANTfund
Deadline ExTeneded to May 29 🎯Grant Funding Available‼️
The Prince George’s County COVID-19 Business Recovery Initiative (Formerly Relief Fund) is a $20 million program that offers grants to provide working capital for small County based businesses whose operations have been interrupted due to COVID -19. Grant assistance provides up to $100,000 for businesses. Applicants must meet eligibility guidelines and provide evidence of financial disruption due to the COVID-19 crisis.
Prince George’s County Government
link to apply:
Prince George’s County COVID19 Business Recovery Initiative (Formerly Relief Fund)
(COVID-19): Small Business Guidance & Loan Resources
Health and government officials are working together to maintain the safety, security, and health of the American people. Small businesses are encouraged to do their part to keep their employees, customers, and themselves healthy.
Content
Paycheck Protection Program
The Paycheck Protection Program prioritizes millions of Americans employed by small businesses by authorizing up to $349 billion toward job retention and certain other expenses.
Small businesses and eligible nonprofit organizations, Veterans organizations, and Tribal businesses described in the Small Business Act, as well as individuals who are self-employed or are independent contractors, are eligible if they also meet program size standards.
Under this program:
Eligible recipients may qualify for a loan up to $10 million determined by 8 weeks of prior average payroll plus an additional 25% of that amount.
Loan payments will be deferred for six months.
If you maintain your workforce, SBA will forgive the portion of the loan proceeds that are used to cover the first 8 weeks of payroll and certain other expenses following loan origination.
Click here to learn more.
Economic Injury Disaster Loans and Loan Advance
To apply for a COVID-19 Economic Injury Disaster Loan, click here.
In response to the Coronavirus (COVID-19) pandemic, small business owners in all U.S. states, Washington D.C., and territories are eligible to apply for an Economic Injury Disaster Loan advance of up to $10,000.
The SBA’s Economic Injury Disaster Loan program provides small businesses with working capital loans of up to $2 million that can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing. The loan advance will provide economic relief to businesses that are currently experiencing a temporary loss of revenue. Funds will be made available within three days of a successful application, and this loan advance will not have to be repaid.
SBA Debt Relief
The SBA Debt Relief program will provide a reprieve to small businesses as they overcome the challenges created by this health crisis.
Under this program:
The SBA will also pay the principal and interest of new 7(a) loans issued prior to September 27, 2020.
The SBA will pay the principal and interest of current 7(a) loans for a period of six months.
SBA Express Bridge Loans
Express Bridge Loan Pilot Program allows small businesses who currently have a business relationship with an SBA Express Lender to access up to $25,000 with less paperwork. These loans can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing and can be a term loans or used to bridge the gap while applying for a direct SBA Economic Injury Disaster loan. If a small business has an urgent need for cash while waiting for decision and disbursement on Economic Injury Disaster Loan, they may qualify for an SBA Express Disaster Bridge Loan.
Terms
Up to $25,000
Fast turnaround
Will be repaid in full or in part by proceeds from the EIDL loan
Find an Express Bridge Loan Lender by connecting with your local SBA District Office.
Guidance for Businesses and Employers
The President's Coronavirus Guidelines for America - 15 Days to Slow the Spread
The Centers for Disease Control and Prevention (CDC) offers the most up-to-date information on COVID-19. This interim guidance is based on what is currently known about the coronavirus disease 2019 (COVID-19). For updates from CDC, please see the following:
The following interim guidance may help prevent workplace exposures to acute respiratory illnesses, including COVID-19, in non-healthcare settings. The guidance also provides planning considerations if there are more widespread, community outbreaks of COVID-19.
To prevent stigma and discrimination in the workplace, use the guidance described below and on the CDC’s Guidance for Businesses and Employers web page.
Below are recommended strategies for employers to use now. In-depth guidance is available on the CDC’s Guidance for Businesses and Employers web page:
Actively encourage sick employees to stay home
Separate sick employees
Emphasize staying home when sick, respiratory etiquette and hand hygiene by all employees
Perform routine environmental cleaning
Advise employees before traveling to take certain steps
Check the CDC’s Traveler’s Health Notices for the latest guidance and recommendations for each country to which you will travel. Specific travel information for travelers going to and returning from designated countries with risk of community spread of Coronavirus, and information for aircrew, can be found on the CDC website.
Additional Measures in Response to Currently Occurring Sporadic Importations of the COVID-19:
Employees who are well but who have a sick family member at home with COVID-19 should notify their supervisor and refer to CDC guidance for how to conduct a risk assessment of their potential exposure.
If an employee is confirmed to have COVID-19, employers should inform fellow employees of their possible exposure to COVID-19 in the workplace but maintain confidentiality as required by the Americans with Disabilities Act (ADA). Employees exposed to a co-worker with confirmed COVID-19 should refer to CDC guidance for how to conduct a risk assessment of their potential exposure.
Common Issues Small Businesses May Encounter:
Capital Access – Incidents can strain a small business's financial capacity to make payroll, maintain inventory and respond to market fluctuations (both sudden drops and surges in demand). Businesses should prepare by exploring and testing their capital access options so they have what they need when they need it. See SBA’s capital access resources.
Workforce Capacity – Incidents have just as much impact on your workers as they do your clientele. It’s critical to ensure they have the ability to fulfill their duties while protected.
Inventory and Supply Chain Shortfalls – While the possibility could be remote, it is a prudent preparedness measure to ensure you have either adequate supplies of inventory for a sustained period and/or diversify your distributor sources in the event one supplier cannot meet an order request.
Facility Remediation/Clean-up Costs – Depending on the incident, there may be a need to enhance the protection of customers and staff by increasing the frequency and intensity by which your business conducts cleaning of surfaces frequently touched by occupants and visitors. Check your maintenance contracts and supplies of cleaning materials to ensure they can meet increases in demand.
Insurance Coverage Issues – Many businesses have business interruption insurance; Now is the time to contact your insurance agent to review your policy to understand precisely what you are and are not covered for in the event of an extended incident.
Changing Market Demand – Depending on the incident, there may be access controls or movement restrictions established which can impede your customers from reaching your business. Additionally, there may be public concerns about public exposure to an incident and they may decide not to go to your business out of concern of exposing themselves to greater risk. SBA’s Resources Partners and District Offices have trained experts who can help you craft a plan specific to your situation to help navigate any rapid changes in demand.
Marketing – It’s critical to communicate openly with your customers about the status of your operations, what protective measures you’ve implemented, and how they (as customers) will be protected when they visit your business. Promotions may also help incentivize customers who may be reluctant to patronize your business.
Plan – As a business, bring your staff together and prepare a plan for what you will do if the incident worsens or improves. It’s also helpful to conduct a tabletop exercise to simulate potential scenarios and how your business management and staff might respond to the hypothetical scenario in the exercise. For examples of tabletop exercises, visit FEMA’s website at: https://www.fema.gov/emergency-planning-exercises
SBA Products and Resources
SBA is here to assist small businesses with accessing federal resources and navigating their own preparedness plans as described by the CDC’s Guidance for Businesses and Employers.
SBA works with a number of local partners to counsel, mentor and train small businesses. The SBA has 68 District Offices, as well as support provided by its Resource Partners, such as SCORE offices, Women’s Business Centers, Small Business Development Centers and Veterans Business Outreach Centers. When faced with a business need, use the SBA’s Local Assistance Directory to locate the office nearest you.
PRince GEorge’s county covid-19 Application is LIVE now‼️
Prince George's County Economic Development Corporation is pleased to announce the opening of the Prince George's County COVID-19 Business Relief Fund.
County Businesses can now apply for a loan and/or grant to support cash operating expenses including payroll, suppliers, rent, fixed debt payments and other business critical cash operating costs. Up to 6 months of verified payroll & operating expenses; not to exceed $100,000.
Learn moreabout the Fund.
Check out the Frequently Asked Questions.
The Prince George’s County COVID19 Business Relief Fund is a $15M fund established to provide financial assistance to businesses affected by the COVID-19 crisis. The Relief Fund can be used to support cash operating expenses including payroll, suppliers, rent, fixed debt payments and other business critical cash operating costs. Please refer to the Frequently Asked Questions,
before submitting a question
.ASK QUESTIONS HEREAPPLY HERE$0 Application Fee
*Application Available April 13th - May 15th*
Use of Funds:
To support cash operating expenses including payroll, suppliers, rent, fixed debt payments and other business critical cash operating costs. Up to 6 months of verified payroll & operating expenses; not to exceed $100,000
Eligibility:
County-based small businesses, with a principal business office or location physically located in Prince George’s County;
Businesses meet U.S. Small Business Administration definition of a small business
New business ventures are not eligible
For-profit business entity
$0 Application Fee
*Application Available April 13th - May 15th*
Required Documents:
*Form Provided in Application Portal
Completed Online Application*
Executive Summary – NO PDF OR SCANNED DOCUMENTS
U.S. Tax Return for 2018
4506-T Tax Return Verification Form*
2019 Income Statement or Business Tax Return
Payroll/Employee Roster (for week of March 2, 2020) & Signed Employment Certification *
2020 Year to Date Income Statement (January – March)
Evidence of Business Disruption
Evidence that application has been submitted to the U.S. SBA and State of Maryland
Personal Financial Statement for each owner with 20% or more ownership interest *
Articles of Incorporation/Organization/Formation
Wire Instructions Form*
Loan Terms and Conditions
Business must retain County jobs with a goal of hiring County residents for future vacancies. Borrowers must maintain operations in the County for the term of the loan. Business must provide evidence that application for assistance has been submitted to the U.S. SBA EIDL program and the State of Maryland Small Business COVID-19 Relief Fund.
Maryland COVID-19 Emergency Relief Fund Programs for Businesses
Maryland has authorized $130 million in loan and grant funding for small businesses and manufacturers that have been negatively impacted by the Coronavirus (COVID-19). This emergency assistance provides interim relief and proceeds that can be used to pay cash operating expenses including payroll, suppliers, rent, fixed debt payments and other mission critical cash operating costs.
If you are a Maryland-based business impacted by the Coronavirus with under 50 full- and part-time employees, or a Maryland manufacturer, check out the programs below to see if you qualify for assistance.
Maryland Small Business COVID-19 Emergency Relief Loan Fund - This $75 million loan fund (for for-profit businesses only) offers no interest or principal payments due for the first 12 months, then converts to a 36-month term loan of principal and interest payments, with an interest rate at 2% per annum. Learn more.
Maryland Small Business COVID-19 Emergency Relief Grant Fund - This $50 million grant program for businesses and non-profits offers grant amounts up to $10,000, not to exceed 3 months of demonstrated cash operating expenses for the first quarter of 2020. Learn more.
Maryland COVID-19 Emergency Relief Manufacturing Fund - This $5 million incentive program helps Maryland manufacturers to produce personal protective equipment (PPE) that is urgently needed by hospitals and health-care workers across the country. More details are expected to be announced by Friday, March 27, 2020.
Governor Larry Hogan and the Maryland Department of Labor have launched the new COVID-19 Layoff Aversion Fund, which is designed to support businesses undergoing economic stresses due to the pandemic by preventing or minimizing the duration of unemployment resulting from layoffs. The award (up to $50,000 per applicant), will be a quick deployable benefit and customizable to the specific needs of your business to minimize the need for layoffs.
Labor is accepting grant applications from small businesses for awards from now through 30 days after the State of Emergency ends (subject to funding availability).
How can it help me?
✔ Providing funds to cover the cost of purchasing remote access (ex. computers, printers, etc.) equipment to allow employees to work remotely from home versus being laid off;
✔ Providing funds to cover the cost of purchasing software or programs that an employee would need to use from home;
✔ Supporting businesses that take advantage of the Unemployment Insurance Work Sharing Program by supplementing the employee’s income and benefits;
✔ Providing funds to cover the costs of cleaning/sanitization services so that small businesses are able to keep employees at work on site, but only if a frequent deep cleaning to prevent exposure occurred;
✔ Paying for liability insurance for restaurants that convert to delivery while under emergency circumstances;
✔ Providing funds for training or professional development opportunities for employees to avoid layoffs; and
✔ Adopting other creative approaches and strategies to reduce or eliminate the need for layoffs in the small business community.
NOTE: This funding is not for rent.
This funding is not for employee wages unless approved for Unemployment Insurance Work Sharingparticipation.
Examples of how a business may demonstrate the need for layoff aversion funds:
I run a call center where employees usually work in an office setting. To support social distancing, I’d like my employees to work remotely, which will require equipment such as reliable headphones and laptops for each employee. If they do not have this equipment, I will need to layoff my staff.
I could ask employees to use their personal phones and work remotely, but I do not have the funds to support the cell phone packages. If provided funds to reimburse employees for the increased data usage, my business could avoid layoffs.
My employees could work remotely if they had a specific software or computer application, but I cannot afford to purchase. Without this software, I will need to layoff my workforce until we can go back to the office.
I need my 8 employees to continue to work on site, but I am concerned about their potential exposure to COVID-19 and cannot afford frequent deep cleaning to help limit potential exposure. If I had funds to support the deep cleaning, it would allow my workers to continue to work and would foster a safer work environment.
Due to the impacts of COVID-19, my employees have more down time than usual. If I were able to offer the opportunity for them to take project management training online during this down time, they will increase their skillsets, making them a valuable asset to our company and less likely a candidate for layoff.
Get Started Now!
✔ COVID-19 Layoff Aversion Fund Policy
✔ COVID-19 Layoff Aversion Fund Application (Excel)
Submit your completed application to: LaborCOVID19.layoffaversion@maryland.gov.
Labor staff will process applications within two business days of receipt. Upon approval and receipt of signed contract, payment will be expedited.
For More Information…
Contact the Division of Workforce Development and Adult Learning.
For general inquiries related to the State of Emergency in response to the COVID-19 (Coronavirus) pandemic, please contact Secretary.Commerce@maryland.gov.
Photo Credit: Peter Hellberg
BUY LOCAL CAMPAIGN
Explore Mount Rainier’s boutique shops, business services and unique finds. Your patronage supports local independent businesses who are a part of our community, embrace our unique character, and circulates more dollars in our community creating jobs and expanding the city’s tax base. See our business listing for more information.
Photo Credit: Mitya Ku
WELCOME PACKAGE FOR NEW BUSINESSES
If you are a new business, or are looking to open a business in Mount Rainier, please review the welcome package. It will guide you through the permitting process and provide you with information and resources to help you establish a successful business.