Under the Paycheck Protection Program (PPP) created by the CARES Act, loans may be forgiven if borrowers use the proceeds to maintain their payrolls and pay other specified expenses.The Treasury Department and Small Business Administration recently released the application form and instructions for loan forgiveness....
As businesses reopen, some are restricted to certain limitations based on a percentage of total occupancy. Below is information to help you determine the occupancy capacity for your business.If your company is looking for PPE or other COVID-19 related resources as you reopen, it may be worthwhile to check out the Minnesota Chamber of Commerce's MN Supplier Match to help you find the PPE you need. The Supplier Match database has over...
Governor 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.The 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:The City of Mankato has created a sustaining loan program to assist small businesses in Mankato. This loan is for Mankato businesses with 50 or fewer employees who have had a revenue decrease of 50% of more due to the COVID-19 pandemic. Eligible business owners...
As 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.Governor Tim Walz today announced a series of new executive orders and future actions that would:
Join your colleagues and our regional legislators on May 22 at 8 am as Greater Mankato Growth hosts a virtual discussion to recap the 2020 legislative session.With COVID-19 still significantly impacting businesses, our panel of legislators will provide an update on their efforts to support our state at this time. Attendees will also have an opportunity for Q&A so you can engage directly with our legislators on the issues most important to you.This event is free. Once registered, you will be emailed a link to access the webinar, which will also be recorded and posted on the event page when complete.Today Greater Mankato Growth hosted a webinar titled COVID-19 Paid Leave & EFMLA - Answering Employer Questions. Below are links to the webinar recording as well as the slides. In addition, you can view full details of the event here.Webinar RecordingWebinar Slides...
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