There is no doubt that the economic impact of coronavirus (COVID-19) will be felt by many across our community, country, and world.
Below is a list of economic resources on a local, state, and federal level, in addition to, other resources.
- ICAreaTogether.com: This website, a resource to local businesses, is a collaboration of the Iowa City Downtown District, Think Iowa City, Iowa City Area Development Group, and Iowa City Area Business Partnership. For more information, visit their website.
- HouseIowa.org has a webpage that lists many resources related to housing, be it assistance to help people find affordable housing, shelter for those in need, assistance for renovation and repairs, and rental assistance. For more information, visit their website.
- Johnson County Social Services can help residents access many essential services like childcare and clothing, food and legal assistance, and health services. For more information, visit their website.
- Taxi Business Licenses and Driver Authorization: The Iowa City Mayor, Bruce Teague, has extended the deadline for taxi business licenses, driver authorizations, and taxicab inspections. For more information, view the Mayor's Order document.
Iowa Small Business Relief Program Award Notifications: The application window closed on March 31, and over 500 small businesses have been notified they will receive funding. Governor Reynolds is adding an additional $20 million to the Small Business Relief Program to allow for more businesses to receive financial support. Applicants that were not selected for the first round of funding will be considered, and if selected, will be notified by April 10, 2020. For more information, visit the website.
Targeted Small Business Program: A fund has been created to support Targeted Small Businesses (TSB) with zero employees that have been economically impacted by the COVID-19 pandemic. 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 to the Iowa Economic Development Authority (IEDA) by April 10, 2020 to become TSB-certified.
- This program will continue to process applications on an ongoing basis until all funds are exhausted. Applications are processed in both order of receipt of application and submission of all required documents and Targeted Small Business certification approval.
- For more information, visit their website.
- Small Business Administration Support Loans: The disaster declaration for the State of Iowa allows pandemic-impacted small businesses to apply for low-interest support loans. For more information, visit their website.
- Iowa Workforce Development announced assistance for employees and employers affected by COVID-19 related layoffs. For more information, visit their website.
- Legal Information Hotline: The Iowa State Bar Association (ISBA), Iowa Legal Aid, and Polk County Volunteer Lawyers Project have partnered to create a hotline offering support to Iowans with legal concerns related to COVID-19. The hotline phone number is 1-800-332-0419.
- Iowa WORKS has listings of job positions and work opportunities. For more information, visit the website.
- CARES Act: This is a comprehensive and detailed relief measure directing aid to families, businesses, hospitals and states. For commonly asked questions about the CARES Act, visit the website.
- Paycheck Protection Program (PPP): This program offers financial support to businesses to keep employees on payroll and employed.
- Iowa Legal Aid:
- Iowa Landlord and Tenant Law Information: This web page provides an overview of tenant and landlord duties and rights. For more information, visit the website.
- COVID-19 Resources: Iowa Legal Aid has compiled resources on one web page related to housing, employment concerns, insurance, taxes, and more. For more information, visit the website.
- Small Business Administration offers low-interest federal disaster loans for working capital to small businesses suffering substantial economic injury as a result of the coronavirus. For more information, visit their website.
IRS has a website that provides tips for taxpayers and tax professionals during the pandemic.
- Small and midsize businesses can begin taking advantage of two new refundable payroll tax credits, designed to promptly and fully reimburse them, dollar-for-dollar, for the cost of providing coronavirus-related leave to their employees.
- The IRS also recently pushed FAQs regarding this year’s tax filing deadline extension.
- HealthWell Foundation offers up to $250 to families in need of financial assistance with transportation, food, medication, etc.
- Economic Impact Payments: The IRS warns of scams related to relief payments. For most individuals, no action is currently needed. For commonly-asked questions and more information, visit the website.
- Restaurant Association Resources: For the restaurant and hospitality industry, the Restaurant Association of Iowa website provides information, resources and community. For more information, visit their website.
- Restaurant Workers' Community Foundation has created a COVID-19 Emergency Relief Fund for individual workers and small businesses in the restaurant industry. They will provide help for individual workers facing economic or health hardships that are a direct result of COVID-19, while also providing zero-interest loans to businesses so they can maintain payroll or reopen after the crisis. For more information, visit their website.
- United States Bartender Guild Charity Foundation has applications for monetary assistance to bartenders or spouses of bartenders who have lost wages due to an emergency, like COVID-19. Bartenders do not need to be a member of the guild to apply or receive assistance. For more information, visit their website.
- One Fair Wage campaign, a nonprofit created to advocate for restaurant workers, has set up an emergency fund for tipped workers and service workers impacted by the coronavirus. According to the website, the fund is providing cash assistance to restaurant workers, car service drivers, delivery workers, personal service workers and more. Those in need must first fill out a form on the website and then an organizer will reach out to them. For more information, visit their website.
- Refugee Alliance of Central Iowa has developed a comprehensive guide around COVID-19 in several translated languages. For more information, visit their website.
- Bureau of Refugee Services (BRS) will continue business as usual, with adjusted procedures in response to the pandemic. If refugees have questions, concerns pertaining to their benefits, unemployment, etc., they can call 515-875-5600.
- Congolese Health Partnership Iowa “Protecting Our Community” video series (currently available in English, Lingala, Swahili, and French):
- Video 1: "What is coronavirus?"
- Video 2: "How can we prevent coronavirus?"
- Video 3: "How do we seek care for coronavirus?"
Facebook Small Business Grant Program: Facebook announced a new $100 million program to help small businesses impacted by COVID-19. Grants will be available for up to 30,000 eligible small businesses in over 30 countries and would average $3,333/business in cash grants and ad credits. Funds can be used to help businesses with rent and operations costs, maintaining workforce and connecting with customers. For more information, visit their website.
- Tax and legislation resources and information provided by CliftonLarsonAllen (CLA):
- Topic: CyberSecurity for Small Businesses
- When: Friday, April 17, 2020 2 p.m. CST