posted on Monday, April 6, 2020 in Grow Cedar Valley
State of Iowa
Business Guidance & Financial Assistance
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.
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.
Small Business Development Center
Black Hawk County Grant (nonprofits)
Other Possible Funding Sources for Business
Cedar Valley Resources
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!