March 17, 2020 - Greater Mankato

17 Mar Unemployment Insurance Update

Posted at 14:56h in Advocacy by Greater Mankato Growth 0 Comments

The state of Minnesota is directing employees who have been laid off or had their hours reduced as a result of COVID-19 to apply for unemployment insurance. For EmployeesThe Governor recently signed an executive order increasing the accessibility and flexibility of unemployment insurance for employees -...

17 Mar Status: SBA loans for Businesses Impacted by COVID-19

Posted at 14:31h in Business Development by Greater Mankato Growth 0 Comments

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This morning, March 17th, the U.S. Small Business Administration held a webinar on the current status of SBA funding for businesses impacted by the COVID-19 virus.The main funding tool is SBA Disaster Assistance loan for working capital to small businesses. The size of a business, by SBA definition, is dependent on industry, revenue, and employees on payroll. A vast majority of Greater Mankato businesses would meet the criteria, as well as non-profits.