The National Cyber Security Alliance (NCSA) has created a “COVID-19 Security Resource Library” — a compilation of tips and recommendations from NCSA and its partners on ways to stay safe online, and how to avoid cyber threats and scams during the COVID-19 pandemic. To access the Library, click here..
COVID-19 - What you need to know as a small business
WE ARE OPEN FOR BUSINESS
helping businesses cope
with the economic consequences of the
coronavirus. We are committed to supporting
entrepreneurs during these very challenging
times.
Although Massachusetts SBDC business advisors are working
remotely, we are meeting virtually with clients.
Experienced MSBDC business advisors can assist businesses with
disaster loan applications. If you are not a client and would like to receive
services, please complete our Request for Counseling form available
on our website at
www.msbdc.org/rfc. We offer online registration for business
advisory
services.
Visit our archived webinar
page at
www.msbdc.org/webinars.
For upcoming live events, visit
our training page at
www.msbdc.org/training.
Check back often as we
are always adding new training.
Opportunity Knocks: COVID Business Start-Ups and
Expansions in Western MA
The MSBDC co-hosted a live panel discussion featuring four
local entrepreneurs who braved the odds by building something new
during the pandemic. If you are thinking of launching a new venture
or are just curious how these local entrepreneurs did it, view this
no-holds barred presentation by
clicking here.
Below are some useful links, resources and articles about what small businesses need to know about the COVID-19 pandemic. Be sure to get information from reliable sources, such as the organizations below. Additional articles on COVID-19 are listed at our "In the News" page.
SCROLL TO END for monthly updates!
- Mass.gov - The Massachusetts state website has COVID-19 resources & guidance for businesses and the latest information on COVID-19.
- SBA.gov - Visit the U.S. Small Business Administration's website for the latest on COVID-19
- America's SBDC has gathered helpful information and resources on COVID-19. For federal resources for U.S. small businesses, click here.
- Associated Industries of Massachusetts (AIM)has a COVID-19 resource page for employers. Read AIM's COVID-19 blog for employers.
- Centers for Disease Control and Prevention (CDC) has information on guidance for businesses and employers.
- Covid-sb.org is the official federal resource website for U.S. small businesses affected by COVID-19.
- Coronavirus.gov is a collaboration of the White House, CDC and the U.S. Department of Health and Human Services.
- FEMA.gov - The Federal Emergency Management Agency (FEMA) website has COVID-19 information, including how to help and rumor control.
- IRS.gov - includes a special section focused on steps to help taxpayers, businesses and others affected by the coronavirus.
- Associated Industries of Massachusetts - Visit AIM's COVID-19 resource page for employers by clicking here. Learn about the new free Return to the Workplace Guide For Massachusetts Employers.
- U.S. Department of Treasury - has information on the CARES Act which provides assistance to small businesses
|
Shuttered Venues Operators Grant (SVOG) program was established through the Economic Aid to Hard-Hit Small Businesses, Nonprofits and Venues Act and amended by the American Rescue Plan Act to provide over $16 billion in economic relief to target industries. The SVOG application is slated to open April 8, 2021. SBA will host a national informational webinar to highlight the application process for potential eligible entities from 2:30 - 4 p.m. ET on Tuesday, March 30, 2021. Those interested in participating can register here. Mar 22, 2021 - SBA is now allowing applicants that file IRS Form 1040, Schedule C to calculate their maximum loan amount using gross income instead of net profit, which may enable some borrowers to access higher loan amounts. See the form for First Draw PPP applicants and Second Draw PPP applicants online. Mar 16, 2021 - SBA announces extended deferment periods for COVID-19 Economic Injury Disaster Loan (EIDL) program until 2022. |
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|
 Associated Industries of Massachusetts (AIM) - Visit AIM's resource page
for employers. Also, AIM's has a blog on COVID-19 news and updates. |
 Massachusetts
Growth Capital Corporation (MGCC) has a list of financial and
general resources available for small businesses. |
 Franklin County Community Development Corporation
helped forgive nearly $75,000 in COVID-relief loans for 15 small businesses
in Western Massachusetts in March. They still have forgivable loans available for
businesses who qualify! If your business is located in Franklin County,
please click
here to apply or email micro@fccdc.org with
questions. View the
Family Income Form to see income limits. For more information about Microenterprise Forgivable Loan opportunities for businesses in Franklin County, and other towns in western Mass, click here and go to "Resources for All Businesses". |
| Coronavirus.gov has general information about the virus and is a collaboration of the White House, CDC and the U.S. Department of Health and Human Services. |
|
COVID-19 Response Command Center Massachusetts Emergency Management Agency (MEMA) - Under the leadership of Secretary Sudders and reporting to Governor Baker and Lt. Governor Karyn Polito, will be the Commonwealth’s single point of strategic decision making and coordination for the Administration’s comprehensive COVID-19 response. You can find the COVID-19 reports from MEMA in the State Library archives by clicking here. |
|
-
Chart for Families First Coronavirus Response Act (FFCRA) |
| WesternMass List of Business Resources: Hampden, Hampshire, Franklin, and Berkshire Counties (updated daily) - a href="https://bit.ly/WMassBusinessResources">click here. |
| The Internal Revenue Service (IRS) has established a special section focused on steps to help taxpayers, businesses and others affected by the coronavirus. This page will be updated as new information is available. Click here for FAQs on extension of filing and payment deadlines. |
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MA
Department of Unemployment Assistance hosts the Work
Share program as an alternative for employers faced with a cut in
workforce. Employers can divide available work among affected employees to
receive a part of their unemployment insurance (UI) benefits while working
reduced hours. - Employer Unemployment FAQ: COVID-19 - Massachusetts COVID-19 unemployment information - Important Employee and Employer Information related to COVID-19 and unemployment |
| The U.S. Department of Labor published information on the Families First Coronavirus Response Act (FFCRA or Act) that requires certain employers to provide their employees with paid sick leave or expanded family and medical leave for specified reasons related to COVID-19. Also see, Department of Labor Outlines Small-Business Exemption from Coronavirus Paid Leave Law. |
|
Small Business Resiliency - An actionable business resiliency plan could mean difference between business continuity and closure. Courtesy of America's SBDC and Google. |
| Return to the Workplace Guide For Massachusetts Employers - The new 80-page guide is now available for download in the AIM web store. The guide is consistent with the phased re-opening of the Massachusetts economy and accompanying safety standards announced yesterday by Governor Baker. The guide is a collaboration among AIM, AIM HR Solutions and A.I.M. Mutual Insurance Company and is offered free of charge. Click here to download. |
| Federal Resources for U.S. Small Businesses - The official federal resource website for U.S. small businesses affected by COVID-19. You can view relevant federal agency resources, access the latest news, and search for a Small Business Advisor near you. Click here for information. |
| JANUARY 2021 |
|
Mass Cultural Council Grants
|
| The U.S. Small Business Administration's (SBA) Shuttered Venue Operators Grant offers emergency assistance for eligible venues affected by the COVID pandemic. |
| FEBRUARY 2021 |
| PPP UPDATE - Biden Administration takes steps to promote equitable access to SBA relief... In order to reach the smallest businesses, SBA will offer PPP loans to businesses with 20 or less employees and sole proprietors only from February 24 - March 10, 2021. |
| Baker-Polito Administration Announces Plans for Continued Reopening |
| MARCH 2021 |
|
The
Shuttered Venue Operators Grant (SVOG) program was established
through the Economic Aid to Hard-Hit Small Businesses, Nonprofits
and Venues Act and amended by the American Rescue Plan Act to
provide over $16 billion in economic relief to target industries.
Eligible applicants may qualify for grants equal to 45%
of their gross earned revenue, with the maximum amount available for
a single grant award of $10 million. $2 billion is reserved for
eligible applications with up to 50 full-time employees. The SVOG
application will open April 8, 2021.
Click here for FAQs.
Please note: SBA is still working to determine an exact reopening date for the Shuttered Venue Operators Grant application portal. As soon as it is confirmed, we will provide advance notice. Also, we are updating the applicant user guide and FAQs to further clarify information and will post those here in advance of the application portal opening. Applicants may continue to register for a new account. |
| SBA announces extended deferment periods for COVID-19 Economic Injury Disaster Loan (EIDL) program until 2022. |
| The U.S. Department of Health and Human Services Office of Inspector General is alerting the public about fraud schemes related to the novel coronavirus (COVID-19) |
| Franklin County Community Development Corporation helped forgive nearly $75,000 in COVID relief loans for 15 small businesses in western MA this month. They still have forgivable loans available for businesses who qualify! If your business is located in Franklin County, please click here to apply or email micro@fccdc.org with questions. View the Family Income Form to see income limits. For more information about Microenterprise Forgivable Loan opportunities for businesses in Franklin County, and other towns in western Mass, click here and go to "Resources for All Businesses". |
| SBA is raising the loan limit for the COVID-19 EIDL program from 6-months of economic injury with a maximum loan amount of $150,000 to up to 24-months of economic injury with a maximum loan amount of $500,000. |
| APRIL 2021 |
| SBA is still working to determine an exact reopening date for the Shuttered Venue Operators Grant application portal. As soon as it is confirmed, we will provide advance notice. Also, we are updating the applicant user guide and FAQs to further clarify information and will post those here in advance of the application portal opening. Applicants may continue to register for a new account. SBA aims to reopen the portal by the end of the week of April 18, 2021. |
|
The
Restaurant Revitalization Fund (RRF) provides funding to help
eligible restaurants, bars and other businesses keep the doors open.
This program will provide restaurants with funding
equal to their pandemic-related revenue loss up to $10
million per business and no more than $5 million per
physical location.Registrations begin on April 30 at 9
a.m. with applications opening on May 3 at noon EDT. For the first 21 days that the program is open, the SBA will prioritize funding applications from businesses owned and controlled by women, veterans, and socially and economically disadvantaged individuals. All eligible applicants are encouraged to submit applications as soon as the portal opens. Following the 21 days, all eligible applications will be funded on a first-come, first-served basis. |
| Baker-Polito Administration Announces Plans for Continued Reopening: Massachusetts will reopen some outdoor Phase 4, Step 2 industries effective May 10 and put plans in place for further reopening on May 29 and August 1. The Administration continues to take steps to reopen the Commonwealth's economy with public health metrics continuing to trend in a positive direction. This includes drops in average daily COVID cases and hospitalizations. Massachusetts remains first in the nation for first vaccine doses and total doses administered per capita, among states with more than 5 million people. The Administration will also relax the Face Coverings Order for some outdoor settings, effective April 30. |
