Governor Walz announced today that the dial will turn forward on current COVID-19 restrictions effective January 11, 2021.  Major changes include the reopening of restaurants and bars, indoor events and entertainment, movie theaters, youth sports, and gyms restrictions being loosened. Walz also announced that business relief checks will be sent in the next week. Full details can be found in Executive Order 21-01 أو Minnesota's Stay Safe Plan.

With the recent passage of the federal COVID-19 Business Relief package, businesses may have questions as it pertains to the legislation’s impact to their existing PPP Loan, whether they could get a PPP Loan now, or what other programs were funded as a result of the relief package. 

Below are some Frequently Asked Questions (FAQs) and responses from the U.S. Chamber of Commerce and additional insight from Tyler Petzel of Abdo Eick & Meyers (AEM). 

Additionally, here is a related helpful article from Eide Bailly.

Congressional leaders have reached a deal on a bipartisan economic stimulus package, which was passed by both chambers late on December 21, 2020. Comments by President Trump expressing concern with the omnibus spending bill the relief package was attached to and asking for increased stimulus payments for individuals raise questions on the status of the bill.

The program includes numerous stimulus efforts aimed at businesses, including major expansions of both the Paycheck Protection Program and the Employee Retention Tax Credit, and consumers, including $600 payments to all qualifying individuals and dependents. Here’s what we know regarding these, and other elements of the bill (note that this is not an exhaustive summary of the 5593 page long document, but rather highlights of key elements most relevant to businesses and individuals in our area):

Note: Blog has been updated 12/22/2020 after Congressional approval of the bill.

This is a guest blog post by Greater Mankato Growth member, Christian Family Solutions.

Christmas lights are shining in the streets, holiday music is on the radio, and there are joyous celebration ads on television.  It appears that everyone is happy this time of the year. 

Perhaps you are feeling happiness and hope; maybe you are feeling sadness and disappointment.  Perhaps you are feeling both.  It is critical to take time to slow down, pause, and identify and acknowledge whatever you are feeling without pressuring yourself or feeling guilty if you are not feeling a certain way.  Every feeling, whether pleasant or not, has a cause and purpose.  Suppressing or ignoring them does not allow them to guide your behavior or influence your decisions.

Today, Governor Walz announced changes to current dial-back restrictions through Executive Order 20-103.Effective Friday, December 18, 2020 at 11:59 pm, through Sunday, January 10, 2021 at 11:59 pm, the Governor has extended the provisions of Executive Order 20-99, with some modifications published in executive order...

The Minnesota legislature has passed a business assistance package in response to COVID-19 impacts which includes approximately $217 million to the General Fund in FY21 and about $25 million in FY22. Its provisions include three business relief components: 

  • Business Assistance Grants 
  • Unemployment Insurance Extension  
  • Hospitality Industry Waiver of Certain Fees 

MN2030_logo_10Greater Mankato Growth has partnered with the Minnesota Ready Coalition lead by the Minnesota Chamber of Commerce to call on Governor Tim Walz to provide immediate support to those businesses and their employees most impacted by the issuance of Executive Order 20-99.  Greater Mankato Growth joined 90 partner chambers and associations across the state in sending the Governor a letter this week regarding the urgency in supporting these businesses/organizations.  Our organization continues to follow and educate members on proposed relief plans and take action to support local businesses through a variety of initiatives.