COVID-19 Business Resources
The Florida Small Business Emergency Bridge Loan Program
The Florida Small Business Emergency Bridge Loan Program is available to small business owners in all Florida counties statewide that experienced economic damage from COVID-19.
These short-term, interest-free working capital loans are intended to “bridge the gap” between the time a major catastrophe hits and when a business has secured longer term recovery resources, such as sufficient profits from a revived business, receipt of payments on insurance claims or federal disaster assistance.
SBDC Tampa Bay can assist companies through the process.
Business Damage Assessment Survey
Florida Governor Ron DeSantis has announced the activation of the Business Damage Assessment survey to assess the impact of COVID-19 on Florida’s local businesses, including those in Pasco County.
The survey, managed by the Florida Department of Economic Opportunity (DEO), will evaluate businesses affected by COVID-19 and the impacts the virus has had on the local economy so actions to implement economic relief programs for businesses can begin.
Other Business and Economic Resources
- Florida businesses can also visit http://floridadisaster.biz for more information
- For employers who may need help retaining their workforce during times of temporary slowdown may be eligible for the Florida Department of Economic Opportunity’s Short Time Compensation Program
- Keep your business listing updated with these Google Business suggestions
- Disaster Unemployment Assistance is a federally funded benefit program that assists individuals who become unemployed because of a disaster
- Florida Makes has resources for businesses whose supply chains may be impacted by COVID-19
- Facebook is offering $100M in cash grants and ad credits for up to 30,000 eligible small businesses in over 30 countries where they operate
- President Trump directed the Department of Housing and Urban Development (HUD) to suspend evictions and foreclosures for the next 60 days
- HUD Changes PIT/HIC Deadline to June 30, 2020
- CO.STARTERS Small Business Resources
Information provided by the Pasco EDC. CLICK HERE to goto their site with even more information
Small Business Administration Loan Program
The U.S. Small Business Administration (SBA) provides low-interest, long-term disaster loans to businesses of all sizes, private non-profit organizations, homeowners, and renters to repair or replace uninsured/underinsured disaster damaged property. SBA disaster loans offer an affordable way for individuals and businesses to recover from declared disasters.
Treasury and IRS to Move Tax Day Deadline by 90 Days
Following President Donald J. Trump’s emergency declaration pursuant to the Stafford Act, the U.S. Treasury Department and Internal Revenue Service (IRS) issued guidance allowing all individual and other non-corporate tax filers to defer up to $1 million of federal income tax (including self-employment tax) payments due on April 15, 2020, until July 15, 2020, without penalties or interest. The guidance also allows corporate taxpayers a similar deferment of up to $10 million of federal income tax payments that would be due on April 15, 2020, until July 15, 2020, without penalties or interest.
“We are moving Tax Day from April 15 to July 15,” Secretary Steven Mnuchin tweeted (3/20/2020). “All taxpayers and businesses will have this additional time to file and make payments without interest or penalties.” Please see the treasury website for more information.
Federal Paid Leave Law Signed by President Trump
On Wednesday evening, March 18th, President Trump signed into law the Families First Coronavirus Response Act (the “Act”), which, among other things, mandates paid time off for certain qualifying events. There are two primary components in terms of paid time off: (1) the Emergency Family and Medical Leave Expansion Act (“E-FMLA”); and (2) the Emergency Paid Sick Leave Act (“EPSLA”).
Pasco County Tourism Economic Impact Survey
We know these are uncertain times as we navigate each daily change resulting from the evolving response to the Coronavirus. Your team at Florida’s Sports Coast is dedicated to providing you with helpful tools, important industry knowledge and an abundance of support as we all work to get through this together.
In order to develop a clear understanding of the potential economic impact our destination faces, we’ve partnered with Destinations Florida and Downs & St. Germain Research (FSC’s research firm) to provide the following survey to help gather vital information from you on how COVID-19 has impacted your business.