COVID-19 BUSINESS RESOURCES

BUSINESS RESOURCES FOR RECOVERY VIDEO SERIES

SESSION #1 – April 16, 2020

SESSION #2 – April 23, 2020

SESSION #3 – April 27, 2020

SESSION #4 – May 14, 2020

 

BUSINESS REOPENING & RECOVERY

 

OTHER GOVERNOR’S OFFICE INFORMATION

 

HAMPTON ROADS WORKFORCE COUNCIL RESOURCES

  • VIRGINIA CAREER WORKS CENTERS – Currently, all Virginia Career Works Centers in Hampton Roads are closed to the public.  However, staff is still manning the Centers and continuing to stay in touch with its partners, employer customers and program participants via the telephone and internet communications.
  • BUSINESS SERVICES – The Business Services team is working with employers to assist with their needs as well. If you are a business owner, employer or HR representative who is considering work stoppages, layoffs or furloughs, we encourage you to contact the Business Services team. Also, if you know of a business that is actively hiring please pass that information along to Steve Cook at the workforce council so that they can repost on their social networks.

SBA CORONAVIRUS RELIEF OPTIONS

Effective May 8, 2020, the U.S. Small Business Administration has reduced the maximum EIDL loan from $2 million to $150,000.

They are currently only accepting new applications from agricultural enterprises. For more information, click here:
https://www.sba.gov/page/disaster-loan-applications

***It is recommended that applicants complete the paper application forms before applying online in order to ensure you have all the required information in advance.***

DOWNLOAD PAPER APPLICATION FORMS

Previous EIDL & Advances Status: If you previously submitted an application, received correspondence from SBA, and have a loan number that begins with a “3”, you are in the queue and your patience is appreciated.  If you would like to further inquire about the process and understand what to expect next you should contact the Office of Disaster Assistance 24/7 Customer Service line at 800-659-2955.

 

This loan program provides loan forgiveness for retaining employees by temporarily expanding the traditional SBA 7(a) loan program.

****A new round of funding was made available on Monday, April 27, 2020 at 10:30 a.m.  Contact your lender directly to apply. If you applied previously, you do not need to reapply.****

Paycheck Protection Program Loan FAQ’s

PPP LOAN FORGIVENESS APPLICATION (NEW!)

If you applied for and received the Paycheck Protection Program Loan, the SBA released information on May 15th on the application process for forgiveness.  Forgiveness Guidance from the Virginia SBDC.

OTHER SOURCES OF FUNDING

With support from funders like Verizon and Sam’s Club, The Local Initiatives Support Corporation (LISC) is providing grants to small businesses, to help them keep functioning and remain vital facets of their local economies through this challenging period. LISC supports small businesses and enterprises affected the Covid-19 across the country, especially those in underserved communities, including entrepreneurs of color, women- and veteran-owned businesses that often lack access to flexible, affordable capital.

  • VIRGINIA 30 DAY FUND

The non-profit Virginia 30 Day Fund provides forgivable loans for Virginia-based small businesses. It is designed to be quick, easy, and free of red tape, as small business owners work to keep employees on board in the near term. LEARN MORE

  • FARMER RELIEF FUND

American Farmland Trust (AFT) is launching a new Farmer Relief Fund. The Fund will award farmers with cash grants of up to $1,000 each to help them weather the current storm of market disruptions caused by the coronavirus crisis. LEARN MORE

GENERAL ISLE OF WIGHT COUNTY INFO (as of May 5, 2020)

To contact a member of the Economic Development Department, please call (757)-356-1962 or email iwced@iwus.net.

For inquiries to all other County Departments, please call the County Switchboard (757) 357-3191.