26 May

Posted at 11:25h in Advocacy, Business Development by
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CityMkto_LeadingTheWayThe City of Mankato has created a recovery loan program to assist small businesses in Mankato. Businesses with 50 or fewer employees may apply for a deferred loan of up to $25,000 through this program for property and business improvements to help reopen and operate safely following Centers for Disease Control and Prevention, the Minnesota Department of Employment and Economic Development and Minnesota Department of Health guidelines.Recovery loans are repaid over five years and have:

20 May

Posted at 16:29h in Advocacy, Business Development by
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FromTheDomeGovernor Tim Walz today announced a new executive order that would allow for additional businesses to reopen effective June 1 (Phase II). The governor additionally outlined additional phases (Phases III & IV) that will be coming in the future as the state continues to reopen businesses and other activities, however the timeline for when those phases will go into effect is not yet known.Clarification was also provided that effective immediately, youth sports can conduct practices of up to 10 people, but that games would not be allowed until the next phase of openings.

18 May

Posted at 12:35h in Advocacy by
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FromTheDomeThe Small Business Administration (SBA) has released the Paycheck Protection Program (PPP) Loan Forgiveness Application and detailed instructions for the application.The form and instructions inform borrowers how to apply for forgiveness of their PPP loans, consistent with the Coronavirus Aid, Relief, and Economic Security Act (CARES Act).  SBA will also soon issue regulations and guidance to further assist borrowers as they complete their applications, and to provide lenders with guidance on their responsibilities.The form and instructions include several measures to reduce compliance burdens and simplify the process for borrowers, including:

14 May

Posted at 11:40h in Business Development, Marketing, Membership by
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member exclusiveAs our community looks to get back into business, it will be critical for businesses to advertise and share with the public their status and what they’re doing to make sure their customers are safe. We also know that often when you need to advertise the most is when cash may be tight – especially now.Recognizing that, Greater Mankato Growth worked with local media partners to arrange for discounted advertising packages exclusively available to our members. We’d like to thank The Free Press & KEYC News Now for stepping up in the true spirit of community to lend a helping hand to get our businesses back on their feet by offering these special rates for Greater Mankato Growth members.Below are the discounts being offered by each media company. To take advantage of the offer, you can simply contact the identified individual and let them know you’re a Greater Mankato Growth member. They will verify your status based on a list of members provided to them.Greater Mankato Growth has an entire Online Toolkit of resources to help our businesses open safely.

13 May

Posted at 19:26h in Advocacy by
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FromTheDomeGovernor Tim Walz today announced a series of new executive orders and future actions that would:
  1. End the Stay at Home Order as scheduled on May 18, replacing it with a Stay Safe Order. Gatherings up to 10 people will be permitted.
  2. Will allow all retailers to open to in store customers at reduced capacity effective May 18.
  3.  Allow restaurants, salons, fitness centers, and other entertainment venues etc. to open June 1 under restrictions to be announced on May 20.
  4. Protect workers from unsafe working conditions and retaliation.

Greater Mankato

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