March 23, 2020 - Greater Mankato

23 Mar Webinar: Small Business Economic Recovery and Financing Resources

Posted at 19:54h in Advocacy, Business Development by Greater Mankato Growth 0 Comments

From 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.

23 Mar IRS Provides Guidance for new Paid Leave Programs

Posted at 16:09h in Advocacy by Greater Mankato Growth 0 Comments

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Included in the Families First Coronavirus Response Act passed by Congress was the establishment of two new paid leave programs impacting employers under 500. The U.S. Internal Revenue Service (IRS) has issued preliminary guidance for employers to implement these new programs. You can view this...

23 Mar State Emergency Business Loan Fund Announced

Posted at 15:06h in Advocacy, Business Development by Greater Mankato Growth 0 Comments

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Today 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.

23 Mar Essential Services Survey

Posted at 11:53h in Advocacy by Greater Mankato Growth 0 Comments

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As discussion continues on whether Minnesota will move to a "shelter in place" directive, we welcome your thoughts on the process for determining "essential services" to ensure we are advocating for a thoughtful process to include a comprehensive exemption for "essential services" to protect critical...