Planning to Reopen?

Executive Order 20-48 issued by Gov. Tim Walz on April 30th 2020 requires each business in operation during the peacetime emergency establish a COVID-19 Preparedness Plan. Download the template from the Minnesota Deparment of Labor and Industry at

https://www.dli.mn.gov/sites/default/files/pdf/COVID_19_business_plan_template.pdf

Important Links:

Financial Resources:

US Small Business Administration, apply online at https://www.sba.gov/page/coronavirus-covid-19-small-business-guidance-loan-resources

  1. Economic Injury Disaster Loan program: working capital loans up to $2 million towards temporary loss of revenue, low interest rate

  2. Economic Injury Disaster ADVANCE Loan: up to $10,000 that does not have to be repaid

  3. Paycheck Protection Program: 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

Coronavirus Aid, Relief, and Economic Security (CARES) Act recently passed by Congress, more information at https://www.sbc.senate.gov/public/index.cfm/guide-to-the-cares-act

  1. For help filling out applications within congressional district 2, contact Representative Angie Craig's district office at https://craig.house.gov/contact/offices/do1city-office

Minnesota Department of Employment and Economic Development (DEED), apply online at https://mn.gov/deed/business/financing-business/deed-programs/peacetime/

  1. Minnesota Executive Order 20-15 loan program for small businesses and independent contractors

Apply for benefits if your employment has been affected by COVID-19 at https://www.uimn.org/applicants/needtoknow/news-updates/covid-19.jsp

  1. The Minnesota Unemployment Insurance (UI) Program provides a temporary partial wage replacement to Minnesota workers who become unemployed through no fault of their own

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Daily Updates from the City of Pine Island at http://pineislandmn.com/city_hall/covid-19.php#.XnpfG4hKjIV

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Micro Loan from the Pine Island Economic Development Authority (MN Exec Order 20-04) at
http://www.pineislandeda.org/index.cfm/page/ptype=results/category_id=13/mode=cat/cat13.htm

© 2020 PINE ISLAND AREA CHAMBER OF COMMERCE MINNESOTA