COVID-19 First Friday Follow Up and Future Focus, FAQs and Important Links
The Friday Follow Up and Future Focus Webinars will now be held on the First Friday of each month rather than each week!
The Next Webinar is scheduled for September 4th, 2020 at 10:00am
No Replay available due to technical issues
*No acute action needed
Looking for a list of open businesses? Try the newly launched link below:
We need to help curb the spread by increasing our testing! All Contra Costa Residents can Get Tested for COVID-19 for free! Schedule an appointment HERE!
Have a PPP or applying now? See additional changes proposed for the PPP portion of the Cares Act that goes to Congress today! See the summary HERE!
With the COVID-19 pandemic creating, almost daily, changes to both our general and business communities we wanted to provide a weekly platform to provide updates as to what has transpired over the previous week (CARES Act, Shelter In Place, Essential Business Designations, County Health Services Declarations, Economic Development etc.). Further, to assist with visioning, as we look forward to what resources and actions will need to be taken today, to prepare for our future recovery.
Small Business Financial Assistance
Small Business Administration Disaster Loan Program
The U.S. Small Business Administration is offering designated states and territories low-interest federal disaster loans for working capital to small businesses suffering substantial economic injury as a result of the Coronavirus (COVID-19). Upon a request received from a state’s or territory’s Governor, the SBA will issue under its own authority, as provided by the Coronavirus Preparedness and Response Supplemental Appropriations Act that was recently signed by the President, an Economic Injury Disaster Loan declaration.
Any such Economic Injury Disaster Loan assistance declaration issued by the SBA makes loans available statewide to small businesses and private, nonprofit organizations to help alleviate economic injury caused by the Coronavirus (COVID-19). This will apply to current and future disaster assistance declarations related to Coronavirus.
The SBA’s Office of Disaster Assistance will coordinate with the state’s or territory’s Governor to submit the request for Economic Injury Disaster Loan assistance.
Once a declaration is made, the information on the application process for Economic Injury Disaster Loan assistance will be made available to affected small businesses within the state.
The SBA’s Economic Injury Disaster Loans offer up to $2 million in assistance and can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing.
- These loans may be used to pay fixed debts, payroll, accounts payable and other bills that can’t be paid because of the disaster’s impact. The interest rate is 3.75% for small businesses. The interest rate for non-profits is 2.75%.
The SBA offers loans with long-term repayments in order to keep payments affordable, up to a maximum of 30 years. Terms are determined on a case-by-case basis, based upon each borrower’s ability to repay.
The SBA’s Economic Injury Disaster Loans are just one piece of the expanded focus of the federal government’s coordinated response, and the SBA is strongly committed to providing the most effective and customer-focused response possible.
For questions, please contact the SBA disaster assistance customer service center at 1-800-659-2955 (TTY: 1-800-877-8339) or e-mail email@example.com.
CARES Act and the Payroll Protection Program
COVID-19 Shelter-In-Place(At Home) Order Extended to 5.31.20
Stay Home Except For Essential Needs
Contra Costa with Health Officers from the Bay Area have announced a Public Health Order that requires residents to stay home to limit the spread of the novel coronavirus, also known as COVID-19. Originally scheduled until April 7, this order has now been extended to at least May 31, 2020. It may be extended depending on recommendations from public health officials.