MENU

COVID-19 Update

posted on Friday, July 17, 2020 in Grow Cedar Valley

 Sign-Up to Recieve COVID-19 Updates in Your Inbox

Grow Cedar Valley COVID-19 Resources

Select from the following category options to be guided to information related to that category.




Recent Updates

  • Governor announces enhanced enforcement efforts of social distancing.  The discipline model will be enforced by both the Iowa Department of Inspections and Appeals and the Iowa Alcoholic Beverages Division.

    • For businesses with an alcoholic beverage permit or license, the Alcoholic Beverage Division will issue a $1,000 fine for the first offense. For businesses with only a food licence, the DIA will issue a warning.

    • The second documented infraction for either a business with only a food license as well as those with both food and alcohol permit or license will trigger a seven-day suspension of their business' alcohol permit or license by ABD, as well as a seven-day suspension by DIA of the business' food license.

    • A third infraction will trigger the revocation of all food and alcohol permits and licenses for the offending business. 

  • IEDA announces new e-commerce platform to support Iowa’s small businesses 

    • Shop Iowa is an easy-to-use platform that gives retailers, particularly those who didn’t previously have an online presence, a place to showcase their products and businesses; and allows consumers to browse through local stores for clothing, books, games, pet supplies and much more.

  • Cedar Valley School Districts Request Flexibility from Businesses

    • Waterloo Community School District, in partnership with many schools across the Cedar Valley is asking for businesses to grant flexibility to employees to transport their child(ren) to and from school.

    • Will your business or organization support our Cedar Valley K-12 educational institutions? Use this graphic on social media to share.

  • Changes Made to Main Street Lending Program

    • The minimum employment threshold for nonprofits was lowered from 50 employees to 10.

    • The limit on donation-based funding was eased.

    • Several financial eligibility criteria were adjusted to accommodate a wider range of nonprofit operating models.

    • Each organization must be a tax-exempt organization as described in section 501(c)(3) or 501(c)(19) of the Internal Revenue Code.

    • Review this chart for additional details on final terms

  • COVID Recovery Iowa Outreach Program: Free crisis counseling and other services over via zoom to those in the Cedar Valley that have been impacted by COVID (services available in English and Spanish).

  • SBA Released EZ Forgiveness Application
    • Allowed to apply if you meet one of the following requirements:
      • You are self-employed and have no employees
      • You Did not reduce the salaries or wages of your employees by more than 25%, and did not reduce the number or hours of your employees
      • You experienced reductions in business activity as a result of health directives related to COVID-19 and did not reduce the salaries or wages of your employees by more than 25%.

      • Note: Businesses that don't meet one of these requirements will still need to complete the Full Forgiveness Application

  • SBA Updated PPP guidance
    • Updates reflect changes enacted by the Paycheck Protection Program Flexibility Act.
    • Businesses now can use PPP funds over a 24-week period, and the covered period for the loan was extended until Dec. 31, 2020.

State of Iowa

Business Guidance & Financial Assistance

Categories

Tips

  • Review your supply chain and analyze the potential impact and alternatives for supplies.

  • Review finances, work on contingencies of how to manage finances should a business begin to slow, talk with your banker about options that you can tap into should the need arise.

  • Talk with your business insurance provider as well.

  • If the business does slow, document your losses. 

Economic Impact Disaster Loans

IRS Tax Relief

Families First Coronavirus Response Act (FFCRA)

The FFCRA legislation took effect on April 1, 2020, and includes expansions of FMLA and Paid Sick Leave. Mandates apply to all employers with less than 500 employees (with some exemptions).

Coronavirus Aid, Relief, and Economic Security (CARES) Act

Iowa Economic Development Authority (IEDA)

  • Business Recovery Guidance
  • TSB Sole Operator Fund
    • The program offers eligible small businesses grants ranging from $5,000-$10,000 to businesses that are single owners with no employees that are also TSB certified, or have an application submitted by April 10, 2020 to become TSB certified. The targeted small business can be sole proprietors that are 51% women or minority owned, disabled or veteran disabled businesses only. 
  • Iowa Business Tax Deferral
    • Delays state withholding and sales tax payment until July.

Unemployment

Small Business Development Center

Black Hawk County

Other Possible Funding Sources for Business

Cedar Valley Resources

Other Resources

Information for Employers (Reopening, Returning to the Workplace, Health & Safety Guidelines)

Grow Cedar Valley

We realize that the uptick in cancellations may feel alarming. Remember that these are all strategies to stop the spread. In light of that, we at Grow Cedar Valley will be implementing the following procedures to help reduce the spread of the coronavirus:

  • All staff will telecommute when possible.
  • Non-essential events and meetings have been or will be canceled, postponed or adjusted to take place as a virtual meeting.
  • The Grow Cedar Valley Office will be open by appointment only and critical organizational operations.  Walk in’s and access from the general public will be restricted until further notice.

As our community continues to contend with this health crisis, we want to thank our critical service workers, businesses, non-profits, and governments that have and will be on the front lines. We recognize that this is a fluid situation with changes occurring hourly around our community and the country. Rest assured, we will continue to monitor the situation and provide any updates regarding our operations.

Additionally, these resources built and shared are based on the work by the Greater Des Moines Partnership.

If there are any questions or concerns, please contact Grow Cedar Valley staff. We welcome your feedback, if there a resource that you are looking for or are in need of please let us know!