COVID-19 Economic Support
The community can continue to support our local businesses while complying with the Stay at Home order by purchasing goods online or by phone for delivery, attending virtual classes and services provided online, purchasing gift cards for future use by phone or online, ordering take out or delivery food service, and participating in social media to continue to promote and support our local business community. Please visit the Marina Chamber of Commerce for more information on how you can support local businesses.
On March 4, 2020, Governor Newsom issued an Executive Order to residents of California to Stay at Home Except for Essential Needs. Many residents have had questions regarding what they are and are not allowed to do. This link provides a comprehensive list of what is allowed or not for residents and business. Please take a moment to review this information and help save lives. On the same date the State of California launched its all inclusive covid19.ca.gov website.
LOCAL BUSINESS ASSISTANCE:
- Small businesses that are having cash flow issues are encouraged to check out SBA’s Economic Injury Disaster Loans.
- Cal Coastal Small Business Development Center (SBDC): Available to provide free, individualized and confidential one-on-one advising for financing assistance and building a strategy to plan or recover from impacts to your business.
- There are a variety of free webinars available to businesses through the Small Business Majority to learn about financial resources to help cope with COVID-19.
- County of Monterey Health Department: Covid-19 Information & Updates
FEDERAL & STATE RESOURCES:
- Center for Disease Control (CDC): Interim Guidance for Businesses and Employees
- Small Business Administration (SBA): Find more information on the SBA’s Economic Injury Disaster Loans.
- FEMA Disaster Assistance: More information on the FEMA funding availabe.
- State Treasurer’s Office: California Capital Access Program (CalCAP) is a loan loss reserve program which may provide up to 100% coverage on losses as a result of certain loan defaults. Find more information at the California State Treasurer’s Office website.
- CA Infrastructure and Economic Development Bank (IBANK): offers loan programs for businesses affected by disasters in California. For more information on how to apply, visit the IBANK website.
- Disaster Relief Loan Guarantee Program (DRLGP) - IBank will issue loan guarantees up to 95 percent of the loan through its partner Financial Development Corporations to help small business borrowers who were impacted by disasters or public safety power shutoffs and who need term loans or lines of credit for working capital.
- Jump Start Loan Program - IBank is offering loans from $500 to $10,000 to low-wealth entrepreneurs in the declared disaster and emergency areas through its Jump Start Loan Program.
- Visit California: Impacts, talking points, and media statements for hospitality industry businesses
- California Employee Development Department (EDD): COVID-19 Resources Page includes information about the following benefits:
- Impacted employers in the service and manufacturing sectors are encouraged to offer furlough or reduce hours before considering headcount reductions.
- Employers experiencing a slowdown in their businesses or services as a result of the coronavirus impact on the economy may apply for the Unemployment Insurance (UI) Work Sharing Program. This program allows employers to seek an alternative to layoffs — retaining their trained employees by reducing their hours and wages that can be partially offset with UI benefits.
- Employees unable to work due to having or being exposed to the virus, caring for an ill or quarantined family member or facing reduced hours as result of impacts from the outbreak can apply for unemployment insurance to gap-fill their lost wages.
- Any employee who becomes sick or quarantined due to COVID-19 is encouraged to file a disability claim that can provide up to $1,300/week to cover lost wages.
- Paid family leave (FML) is also available to cover lost wages due to caring for a family member who becomes ill or is quarantined from COVID-19.
- Tax assistance is available for employers experiencing a hardship as a result of COVID-19. Employers may request up to a 60-day extension of time from the EDD to file their state payroll reports and/or deposit state payroll taxes without penalty or interest.
- EDD has also prepared a Coronavirus 2019 FAQs page to help answer questions about the benefits available.
- California Department of Labor and Workforce Development: Coronavirus Resources website includes guidance on benefits for workers including: paid family leave, disability insurance, unemployment insurance, paid sick leave, worker’s compensation.
- US Department of Labor: Included is information on the Families First Coronavirus Response Act which requires certain employers to provide their employees with paid sick leave and expanded family and medical leave for specified reasons related to COVID-19. These provisions will apply from April 1, 2020 through December 31, 2020. Click here for FAQs on this program.
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Local, State & Federal
- Cal Coastal Small Business Development Center
- Small Business Administration Guidance & Loan Resources
- Small Business Majority
- FEMA Disaster Assistance
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