Retail Store Closures
A retail store that the Office of the Governor has closed under the March 26 proclamation must have their establishment closed to the public. However, these stores can still sell to the public online or by telephone with delivery or curbside pickup of their goods without opening their store.
Notifications were made the week of April 7. All applicants that were awarded a grant have received notification. At this time all available funds (4 rounds) have been expended. If additional funding becomes available, additional awards will be made from the current pool of applicants. IEDA will not open a new round of applications.
The application for deferral of the eligible taxes and waiver of penalty and interest remains open through April 30. To be eligible, businesses must be experiencing business disruption due to the COVID-19 pandemic. Read the FAQs from the Iowa Department of Revenue and apply for tax deferral here. Due to the anticipated volume of applications, staff will work diligently to review and respond to requests. A complete application is not a guarantee of tax deferral. Click here for more information.
The SBA issued a disaster declaration for the state of Iowa as of March 21, 2020. The declaration allows pandemic-impacted small businesses to apply for low-interest support loans. The declaration comes after Iowa Governor Kim Reynolds submitted a federal funding request via the SBA’s Economic Injury Disaster Loan program.
SBA is unable to accept new applications at this time for the Economic Injury Disaster Loan (EIDL)-COVID-19 related assistance program (including EIDL Advances) based on available appropriations funding. Applicants who have already submitted their applications will continue to be processed on a first-come, first-served basis.
The SBA is currently unable to accept new applications for the Paycheck Protection Program based on available appropriations funding.
As part of SBA's debt relief efforts,
The U.S. Small Business Administration (SBA) updated criteria on states for requesting disaster assistance loans for small businesses impacted by Coronavirus (COVID-19). The relaxed criteria will have two immediate impacts:
Learn more here: https://www.sba.gov/funding-programs/disaster-assistance
The $2 trillion dollar Coronavirus Aid, Relief and Economic Security Act (the “CARES Act”), provides economic relief to businesses, states and municipalities and individuals affected by COVID-19. While the scope of the CARES Act is wide-ranging, this limited summary provides a high-level overview of unemployment benefits and the relief available for qualifying business concerns.
Iowa Small Business Relief Fund | Grants for Small Businesses
Iowa Credit Union Foundation | Grants for Credit Union-Member Small Businesses with 1-5 Employees
Facebook Small Business Grants | Grants for Eligible Businesses
Iowa Workforce Development | Assistance for employees and employers affected by COVID-19 related layoffs
COVID-19 Emergency Loans | Small Business Guide & Checklist for Nonprofits and Small Businesses [PDF]
American Farmland Trust Farmer Relief Fund | Apply Here Now
Internal Revenue Service - Tax Payment Deadline Extended to July 15, 2020
Association of Chamber of Commerce Executives - SBA Disaster Loan Information
CIRAS at Iowa State University - How to deal with COVID-19
IASourceLink - Iowa Business Information on COVID-19
Iowa Small Business Development Center - How to Prepare Your Small Business for Coronavirus
Main Street America Resource Center - Guidance for Your Community
RestoreYourEconomy.com - COVID-19 Resources for Economic Development Planning & Recovery
Tourism Resources - Information for Iowa Tourism Partners
U.S. Chamber of Commerce - COVID-19 Preparedness Checklist
U.S. Department of Homeland Security - Guidance on Essential Critical Infrastructure Workers [PDF]
U.S. Treasury TTB - Guidance for the Manufacture of Hand Sanitizer
Office of the Governor of Iowa - Latest News and Information
Iowa Alcoholic Beverages Division - Updated Rules and Regulations for Bars & Restaurants
Iowa Department of Inspections & Appeals - FAQ for Food & Lodging Businesses
Iowa Department of Revenue - COVID-19 Information
Iowa Housing Recovery - COVID-19 Information
Iowa Legal Aid - Resources for Civil Legal Issues
Iowa Utilities Board - Order Extending Winter Moratorium for Electric and Natural Gas Customers
Volunteer Iowa - COVID-19 Volunteer Opportunities
Iowa Department of Public Health - Novel Coronavirus (COVID-19) Information
Our board reviews each event and seeks ideas and input from the public. The aim is to provide meaningful and fun events for all ages and interests.
Our board meetings are the 4th Thursday of each month. You don't need to sign up- just come in and listen or ask questions. Call 342-4200 or email [email protected]
The Small Business Resource Center at Southwestern Community College is a good place to begin. Once a business is up and running, Chamber Main Street has many resources to help.
Main Street Iowa has many free services such as facade design and technical information, sign, awning and display ideas. OCMS can help business owners with grant applications for renovations. Reach out-
All of the OCMS events and services require volunteers, and the more help we have, the fewer hours for everyone. Contact us for volunteer availability.