Business Recovery

Updated Daily at 4 p.m. CST

US SMALL BUSINESS ADMINISTRATION ISSUES DISASTER DECLARATION

The SBA issued a disaster declaration for the state of Iowa as of March 21, 2020. The declaration allows pandemic-impacted small businesses to apply for low-interest support loans. The declaration comes after Iowa Governor Kim Reynolds submitted a federal funding request via the SBA’s Economic Injury Disaster Loan Program.

Financial Assistance

SBA PAYCHECK PROTECTION PROGRAM (PPP): BORROWERS

The Paycheck Protection Program (PPP)  is a loan designed to provide a direct incentive for small businesses to keep their workers on the payroll. SBA will forgive loans if all employees are kept on the payroll for eight weeks and the money is used for payroll, rent, mortgage interest, or utilities.

Applications: Open: April 3, 2020
Application Deadline: June 30th, 2020

PPP FAQ’s : Paycheck Protection Program

U.S. Chamber of Commerce:  PPP Business Check List

IOWA NONPROFIT RECOVERY FUND

The Iowa Nonprofit Recovery Fund is an extension of the Iowa Small Business Relief Grant Program and will provide short-term relief to nonprofit organizations that have experienced a net loss as a result of the COVID-19 pandemic.
Applications: Open: August 2020
Application Deadline: UPDATE AUGUST 14, 2020: Applications will now be accepted until all funds have been exhausted and eligibility criteria for applicants has been expanded.

Quick Fact Sheet: FAQ HERE

Apply:  Application HERE

Iowa Small Business Relief Fund

Iowa organizations are joining ranks to uplift the small business community throughout the entire state, starting the Iowa Small Business Relief Fund; in response to COVID-19. This alliance includes: The Director’s Council, Immigrant Entrepreneurs Summit, League of United Latin American Citizens – Iowa (LULAC Iowa), One Voice, Iowa State Extension, DREAM Iowa, Iowa Community Capital, Ethnic Minorites of Burma Advocacy Center (EMBARC Iowa), Des Moines Branch of the NAACP, Latino Resources of Iowa, and Financial Empowerment Center (DMACC).

Grant Allocation Range
$500-$3500

APPLY: Iowa Small Business Releif Fund

DONATE: Iowa Small Business Releif Fund

Iowa CDBG Funds

As public health professionals, you work within communities and can assist in identifying the infectious disease response necessary to support citizens. Please use this guide to determine if a federally funded Community Development Block Grant (CDBG) administered by the Iowa Economic Development Authority (IEDA) can be of assistance.

APPLY: Funds to Support Infectious Disease Repsonse

Restaurant Employee Relief Fund

The Restaurant Employee Relief Fund (“Fund”) provides grants to restaurant industry employees who have been impacted by COVID-19, including for those who’ve expereienced a decrease in wages or loss of employment. Each approved grant is $500, one per person only.

Applications: Open: April 2, 2020

Apply: Restaurant Employee Relief Fund

COVID-19 TARGETED SMALL BUSINESS SOLE OPERATOR FUND

A fund has been created to support Targeted Small Businesses (TSB) with zero employees that have been economically impacted by the COVID-19 pandemic. The program offers eligible small businesses grants ranging from $5,000-$10,000 to businesses that are single owners with no employees that are also TSB certified, or have an application submitted to the Iowa Economic Development Authority (IEDA) by April 10, 2020 to become TSB certified.

Applications: Open: March 25th, 2020
Application Deadline: April 10th, 2020

APPLY: TSB Sole Operatror Grant

Save Small Business Fund (Grants)

The U.S. Chamber of Commerce Foundation launched the Save Small Business Fund with Vistaprint to provide assistance to small businesses impacted by the coronavirus pandemic. Funded by contributions from corporate and philanthropic partners, the U.S. Chamber Foundation will distribute $5,000 grants to small employers in the U.S. and its territories. Applications open April 20th, 2020

APPLY: Grant Applications Available 

Workforce & Workplace

TOOL KIT FOR REOPENING

Tourism & Hospitality Industry

The COVID-19 outbreak has us, in the tourism and hospitality industry, reexamining our industry’s safety measures. As locals and visitors express the desire to get out of their homes and back into your business, it’s important to be prepared to welcome guests safely and to ensure you, your employees, and your customers are safe.

Fairfield Vistors Bureau Tool Kit

U.S. Department of Labor Workplace Poster

The Families First Coronavirus Response Act (FFCRA or Act) requires certain employers to provide their employees with paid sick leave and expanded family and medical leave for specified reasons related to COVID-19. These provisions will apply from April 1, 2020 through December 31, 2020. This is the new Federal DOL (Department of Labor) required poster. It is required to be posted in all workplaces as of April 6th, 2020.

DOWNLOAD: FFCRA or Act Poster 

Iowa State University CIRAS

Iowa State University Center for Industrial Research and Service (CIRAS) is providing educational guides and direct support for businesses to help them plan, prepare, protect, and recover their operations.

ISU CIRAS Website > 

Iowa Impact

Health