Greater Mankato Growth, Author at Greater Mankato

25 Mar UPDATED: Stimulus 3.0 – Federal CARES Act: Key Provisions Impacting Employers

Posted at 22:44h in Advocacy, Business Development by Greater Mankato Growth 0 Comments

On March 27, President Trump signed into law the Coronavirus Aid, Relief, and Economic Security (CARES) Act. This is the third bill passed by Congress in response to COVID-19. This bill provides significant resources to businesses and individuals alike to weather this crisis. Greater Mankato Growth has compiled a summary of the key provisions in the bill impacting businesses - of which there are many. This may be overwhelming, but know that more resources will be coming soon to assist you as the law is implemented and Greater Mankato Growth will be there every step of the way to ensure you are kept informed with timely and accurate information.You can also view excellent summaries done by the US Chamber of Commerce and US Senate Committee on Small Business & Entrepreneurship.

25 Mar Webinar: SBDC and GMG Review Business Resources

Posted at 16:07h in Business Development by Greater Mankato Growth 0 Comments

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On Wednesday morning, March 25th, the Small Business Development Center at Minnesota State University, Mankato and Greater Mankato Growth reviewed the primary available resources for businesses to date. The recorded video highlights the:SBA Disaster Loan, the Shared Worker program, and the MN DEED Small Business Emergency LoanThese 3...

25 Mar Governor’s Stay at Home Order

Posted at 14:40h in Advocacy by Greater Mankato Growth 0 Comments

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This afternoon Governor Walz announced plans for a temporary Stay at Home Executive Order: The Minnesota Model to take effect on Friday, March 27 at 11:59 p.m. to Friday, April 10 as a next step and action to address the rapidly spreading COVID-19 virus to protect the health and safety of Minnesotans. This order will also extend the closure of restaurants, bars, hospitality and recreational facilities from last week’s order until May 1, 2020. Additionally, schools will be closed and learning will be online until May 4, 2020.

25 Mar US Department of Labor Guidance on Paid Leave

Posted at 07:53h in Advocacy by Greater Mankato Growth 0 Comments

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The US Department of Labor has issued preliminary guidance for employers and employees implementing the new paid leave provisions of the Families First Coronavirus Response Act. As a reminder, all employers with 500 or less employees must implement these new federally reimbursed paid leave programs...

23 Mar Webinar: Small Business Economic Recovery and Financing Resources

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

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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...

21 Mar Just Released: MN Businesses NOW Eligible for SBA Funding

Posted at 08:39h in Business Development by Greater Mankato Growth 0 Comments

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As an update to an earlier post on the Greater Mankato Blog on SBA Disaster Loan Funding, which details application considerations, late last night Minnesota businesses became eligible for the initial government tool for relief from the impact of COVID-19.

19 Mar Helping Minnesota Businesses during COVID-19

Posted at 17:09h in Advocacy, Business Development by Greater Mankato Growth 0 Comments

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The following is the text of a news release from the MN Department of Employment and Economic Development.We care deeply about your business and are actively working with state and federal partners on measures to assist businesses through this unprecedented time.DEED is regularly connecting with business leaders from around Minnesota to offer information, hear their questions and ensure we are doing all we can as quickly as we can.