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.

CLICK HERE TO LEARN MORE

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.

CLICK HERE Business Damage Assessment Survey

Other Business and Economic 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.

CLICK HERE 3-STEP APPLICATION PROCESS>

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.

CLICK HERE 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”).

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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.

CLICK HERE 5-MIN TOURISM IMPACT SURVEY