Stimulus Funding is providing FREE webinar and in-person classes for business and non-profit businesses and services (Yes, there is website and social media training!) There is now an impressive list you can attend for FREE through North Central Regional Planning Commission. Just hit the button, and get signed up to LEARN and be successful! Don't wait. Some have already expired! Many are happening now. Please see
EDA Funding - This is the 6 programs open through the Economic Development Administration.
FREE training or studies provided for business and non-profits. Check it out!
The regular EIDL loan program is updated in several ways, including allowances to use loan money to refinance any debt except federal debt.
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Use of funds was expanded to include payment and pre-payment of business non-federal debt incurred at any time (past or future) and payment of federal debt
See updates: https://www.sba.gov/funding-programs/loans/covid-19-relief-options/eidl/covid-19-eidl
Key Take-aways for American Rescue Program for Business and Family.
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Tax Credit allowed to businesses that give paid leave sick time and vaccination time off -
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Employee Sick Leave, Vaccination Time Off and Recovery, and Childcare credits. See link above.
Employee Retention Credit is latest program for businesses.
Any non-governmental employer can claim a refundable tax credit against the quarterly-paid employer portion of Social Security taxes (6.2% of wages). The credit is worth 70% of eligible compensation (including group health benefits), up to $10,000 in employee compensation, providing a maximum credit of $7,000 per employee per quarter. If the credit is higher than the amount of Social Security taxes owed, in relation to each employee, the excess amount will be given to the employer in the form of a tax refund.
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For latest SBDC Covid Updates, click here: https://www.kansassbdc.net/covid-19-support-resources
KS Emergency Rental Assistance for Landlords and Tenants: See https://kera.kshousingcorp.org/kera12#/
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Rental Eviction Moratorium is extended. The Centers for Disease Control has extended the nationwide eviction moratorium, with some changes in wording.
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CDC also posted a new checklist version of the Eviction Protection Declaration for tenants to use. Note: This is a controversial edict as the CDC has no grounds to make "law" and fine landlords for evictions. This is only allowed by congress and representation of the people.
The "American Rescue Plan" will be funding the following areas:
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Childcare - Great new grant just out...see https://ks.childcareaware.org/grants/
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Housing
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USDA Rural Health Grants
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Transportation
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Restaurants
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Small Business
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IRS Employee Retention Tax Credit - See top link with more info.
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National Association of Counties gives an Overview of the ARP for local governments. https://www.naco.org/resources/featured/us-treasury-interim-final-rule-guidance-state-and-local-fiscal
Need a higher business loan with a 4% rate? Take a look at this one. If you need 10k or less not necessarily covid related, see the tab at the top of the page for the 0% loan up to 10k.
Farmers, please see the More Tab at the top of the page for Farming concerns. The last Tab is the Ag and Business Loan/Grants. Most Covid relief and loans are going through the Farm Service Agency. The local office in Marysville can fill you in on your options. (785-562-5343). Here's the FSA covid site.
https://www.farmers.gov/pandemic-assistance/cfap
If you are interested in a loan, this is a good site. (But don't miss our 0% up to 10k microloan on the top tab of this site. You won't find one this good through the government. This next link is for higher amounts of loaned money.) https://www.fsa.usda.gov/programs-and-services/farm-loan-programs/farm-operating-loans/index
SBA Extends Deferment Period for all COVID-19 EIDL and Other Disaster Loans until 2022. Please see the non-farm EIDL Disaster Loan guidance here.
PPP AND EIDL has closed.
New Childcare financial help for "Heroes" eligibility found here: http://ksherorelief.com/ (child care providers for essential workers, food workers, frontline child and adult caregivers, etc. included...)
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Unemployment is still open - See bottom of page. They just want you to apply by the letter of your last name due to overuse of the site.
People with last names starting with A through M are asked to file Sunday, Tuesday and Thursday. Individuals with N-Z last names are asked to file Monday, Wednesday or Friday. Anyone who misses their day can file Saturday instead.
This program was helpful during the Recession when employees had to be laid off.
Unemployment Provisions
What to Do if Your Employees don't want to Return to Work? https://www.inc.com/video/what-to-do-if-employees-dont-want-to-return-to-work.html?utm_source=incthismorning
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Will you lose your loan forgiveness if your employees refuse to come back to work? See https://home.treasury.gov/system/files/136/Paycheck-Protection-Program-Frequently-Asked-Questions.pdf Question 40, p. 13.
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Paid Leave Under the Families First Coronavirus Response Act
The U.S. Department of Labor announced how American workers and employers can benefit from the protections and relief offered by the Emergency Paid Sick Leave Act and Emergency Family and Medical Leave Expansion Act, both part of the Families First Coronavirus Response Act (FFCRA).
The program will help the country combat the workplace impacts of the coronavirus by reimbursing employers with fewer than 500 employees with tax credits. FFCRA will ensure that workers are not forced to choose between their paychecks and the public health measures needed to combat the virus, while at the same time reimbursing businesses.
FFCRA will be administered by the Department of Labor’s Wage and Hour Division.
FFCRA https://www.dol.gov/agencies/whd/ffcra is a temporary measure and will be effective from April 1, 2020, through December 31, 2020.
This is a poster that can be hung at work sites with under 500 Employees. It clearly spells out the rules for Employers and Employees regarding work leave.
The U.S. Department of Labor (DOL) has published guidelines for the Families First Corona Response Act (Emergency Paid Sick Leave and Emergency Family and Medical Leave).
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Unemployment Provisions are laid out well by Marshall Roger's Office. See link above with the FFCRA link.
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Business TAX Provisions - Some good stuff here. Roger Marshall.
Documentation for Restaurants and Liquor Stores on ABC's Curbside Regulations.
Latest KS Covid site: https://covid.ks.gov/ If you are an employer and want free listing (along with our jobsite), you can put any job up on the KansasWorks page that is for people looking due to Covid-19.
Many Marshall County businesses are learning the hard way that it is crucial for survival to have an online presence. Here is some free training on how to do that. http://srdc.msstate.edu/ecommerce/curricula/beginners_guide/
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If you have no recourse as a business but to close, please call Ellen Barber at 785-207-7598.