In response to COVID-19 and the overwhelming number of business closures across Pennsylvania and the United States, the Pocono Mountains Economic Development Corporation is dedicated to maintaining an updated list of information to help our local businesses find what they need quickly and easily.
An IRC Network No-Cost Special Topic Webinar: Legal Aspects of COVID-19 Vaccination for Employers
Join other small and mid-sized manufacturers from across Pennsylvania to get information and answers to your questions regarding the COVID-19 vaccination as it relates to employer/employee rights. Click here for more information and to register: NEPIRC Webinar
WASHINGTON – The U.S. Small Business Administration (SBA), in consultation with the Treasury Department, announced today that the Paycheck Protection Program (PPP) will re-open the week of January 11 for new borrowers and certain existing PPP borrowers. To promote access to capital, initially only community financial institutions will be able to make First Draw PPP Loans on Monday, January 11, and Second Draw PPP Loans on Wednesday, January 13. The PPP will open to all participating lenders shortly thereafter. Updated PPP guidance outlining Program changes to enhance its effectiveness and accessibility was released on January 6 in accordance with the Economic Aid to Hard-Hit Small Businesses, Non-Profits, and Venues Act.
This round of the PPP continues to prioritize millions of Americans employed by small businesses by authorizing up to $284 billion toward job retention and certain other expenses through March 31, 2021, and by allowing certain existing PPP borrowers to apply for a Second Draw PPP Loan.
“The historically successful Paycheck Protection Program served as an economic lifeline to millions of small businesses and their employees when they needed it most,” said Administrator Jovita Carranza. “Today’s guidance builds on the success of the program and adapts to the changing needs of small business owners by providing targeted relief and a simpler forgiveness process to ensure their path to recovery.”
“The Paycheck Protection Program has successfully provided 5.2 million loans worth $525 billion to America’s small businesses, supporting more than 51 million jobs,” said Treasury Secretary Steven T. Mnuchin. “This updated guidance enhances the PPP’s targeted relief to small businesses most impacted by COVID-19. We are committed to implementing this round of PPP quickly to continue supporting American small businesses and their workers.”
Key PPP updates include:
A borrower is generally eligible for a Second Draw PPP Loan if the borrower:
The new guidance released includes:
Governor Tom Wolf and Secretary of Health Dr. Rachel Levine announced that the COVID-19 limited-time mitigation orders will expire on Jan. 4, 2021 at 8:01 AM as planned. Mitigation efforts will revert to the earlier orders originally released on Nov. 23, 2020.
We must remain vigilant, but the limited-time orders have done their job of helping to flatten the curve following the post-Thanksgiving surge. We’re not out of the woods and we need to continue to take precautions and show that we are tougher than the virus. United, we can defeat COVID-19.
Click here to visit the PA Unites Against COVID page: PA Unites Against COVID
Hospitality & Restaurant Worker Relief Fund. The goal is to financially support hospitality and restaurant employees across the four-county Pocono region who are out of work due to Pennsylvania’s new COVID-19 restrictions, which took effect December 12, 2020.
United Way and chamber of commerce organizations throughout the Pocono Mountains are assisting with this initiative. The following entities have donated to the fund so far:
“For the past ten months, hospitality and restaurant workers have increased their health and safety protocols while navigating the uncertainty of employment and the stressors of everyday living in a pandemic,” said Michael Tukeva, Pocono Mountains United Way President/CEO. “These individuals continue to show up. They smile while their hearts break. They offer discounts on their most prized dishes just to put bread on their own plates. Now, they need our help more than ever.”
As an offshoot of Pocono Mountains United Way’s Crisis Response Fund, 100% of all donations will be utilized in the form of direct mini-grants to workers. Hospitality and restaurant employees across the Pocono Mountains can apply online for financial assistance. The application requires basic demographic information as well as a 2019 Tax Return and most recent paystub to determine income eligibility and verify recent employment. Applications will be approved on a first come first serve basis and mini-grants of $250 will be issued until funds are depleted.
In order to help as many people as possible, online contributions to the Hospitality & Restaurant Worker Relief Fund are greatly appreciated. Or, donors can mail contributions to Pocono Mountains United Way 301 McConnell Street Stroudsburg, PA 18360 and include “Hospitality & Restaurant Worker Relief Fund” in the memo.
Join the University of Scranton Small Business Development Center for a LIVE Q&A on Thursday, 12/10/2020 between 10 a.m. to noon to talk about your small business questions during COVID-19.
Startup and existing business owners are welcome to join
Meet with a consultant to get information and advice as you navigate your small business through COVID-19.
Register here: https://pasbdc.ecenterdirect.com/events/27364
After you register, a representative will contact you to set up a time between 10am and noon on Thursday, December 10, 2020.
MCSBGL is funded by a $250,000 Local Share Account (LSA) Grant that makes up to $50,000 available to small businesses in Monroe County who are looking to expand and create/retain jobs. The funds can be used for acquisition, construction, infrastructure/site preparation, machinery/equipment, working capital and related costs including but not limited to professional services, engineering, inspections, fees, insurance, environmental assessment, legal costs and closing costs.
The Pennsylvania Department of Community and Economic Development’s website has helpful resources and guidance for businesses in the yellow phase, including:
File a claim for Pandemic Unemployment Compensation here: https://www.uc.pa.gov/unemployment-benefits/file/Pages/Filing-for-PUA.aspx
PUA Claimants can call this dedicated line with questions or problems with their claims: 1-855-284-8545
On March 19, Gov. Wolf issued an order to close all non-life sustaining businesses in order to slow the spread of the virus and protect the public and businesses.
Small and midsize employers may begin using two new refundable payroll tax credits to obtain reimbursement for the costs of providing corona virus related leave to their employees
The Northeastern Pennsylvania Alliance is committed to working with regional small businesses and non-profits during the COVID-19 crisis. NEPA Alliance will continue to evaluate all available options to best serve the Northeastern Pennsylvania business community.
If you are employed in Pennsylvania and are unable to work because of Coronavirus disease (COVID-19), you may be eligible for Unemployment or Workers’ Compensation benefits.
If you are a small business affected by the COVID-19 crisis, here is a Small Business Owner’s Guide to the Coronavirus Aid, Relief and Economic Security Act (CARES) just passed by Congress.
The Paycheck Protection Progam is an SBA loan that helps businesses keep their workforce employed during the Coronavirus (COVID-19) crisis.
SBA is collecting the requested information in order to make a loan under SBA’s Economic Injury Disaster Loan Program to the qualified entities listed in this application that are impacted by the Coronavirus (COVID-19). The information will be used in determining whether the applicant is eligible for an economic injury loan. If you do not submit all the information requested, your loan cannot be fully processed.
Facebook is offering $100M in cash grants and ad credits to help small businesses.
Families First Coronavirus Response Act
The Families First Coronavirus Response Act (FFCRA or Act) requires certain employers to provide employees with paid sick leave or expanded family and medical leave for specified reasons related to COVID-19.
Treasury, IRS and US Dept. of Labor plan to implement Coronavirus-related paid leave for workers and tax credits for small and midsize businesses