FromTheDomeOn March 27, President Trump signed into law the Coronavirus Aid, Relief, and Economic Security (CARES) Act. This is the third bill passed by Congress in response to COVID-19. This bill provides significant resources to businesses and individuals alike to weather this crisis. Greater Mankato Growth has compiled a summary of the key provisions in the bill impacting businesses - of which there are many. This may be overwhelming, but know that more resources will be coming soon to assist you as the law is implemented and Greater Mankato Growth will be there every step of the way to ensure you are kept informed with timely and accurate information.You can also view excellent summaries done by the US Chamber of Commerce و US Senate Committee on Small Business & Entrepreneurship

On Wednesday morning, March 25th, the Small Business Development Center at Minnesota State University, Mankato and Greater Mankato Growth reviewed the primary available resources for businesses to date. The recorded video highlights the:SBA Disaster Loan, the Shared Worker program, and the MN DEED Small Business Emergency LoanThese 3...

FromTheDomeThis afternoon Governor Walz announced plans for a temporary Stay at Home Executive Order: The Minnesota Model to take effect on Friday, March 27 at 11:59 p.m. to Friday, April 10 as a next step and action to address the rapidly spreading COVID-19 virus to protect the health and safety of Minnesotans.  This order will also extend the closure of restaurants, bars, hospitality and recreational facilities from last week’s order until May 1, 2020.  Additionally, schools will be closed and learning will be online until May 4, 2020.

chamber logoFrom our friends at the Minnesota Chamber of Commerce: Small businesses are seeking critical resources – including financial resources – to help them stay “open for business” throughout the COVID-19 crisis. The Minnesota Chamber is here to help. We recorded a webinar moderated by Chamber president Doug Loon featuring experts on small business economic recovery. These experts presented a variety of financing solutions, including SBA disaster loans for small businesses impacted by COVID-19, state and federal aid, private lending options, and best practices to strengthen your balance sheet during economic uncertainty.

FromTheDomeToday Governor Tim Walz issued an executive order (20-15) authorizing The Minnesota Department of Employment and Economic Development (DEED) to create an emergency loan program to help Minnesota small business owners who need immediate assistance to meet their families’ basic needs during COVID-19 closures. This program is different than the federal SBA loans that were also recently announced.

deed logoThe following is the text of a news release from the MN Department of Employment and Economic Development.We care deeply about your business and are actively working with state and federal partners on measures to assist businesses through this unprecedented time.DEED is regularly connecting with business leaders from around Minnesota to offer information, hear their questions and ensure we are doing all we can as quickly as we can.
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