As we all feel the public health and economic impacts from COVID-19 unlike any in our lifetimes, our business community is working collectively to offer solutions and assistance to businesses and workers impacted by COVID-19.
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Colorado Gov. Polis has issued a statewide “Stay at Home” order
EXECUTIVE ORDER | PUBLIC HEALTH ORDER
The Adams County Economic Development (ACED) team is working diligently with all our partners at the local, state and federal level to help you navigate and keep you informed on all the resources that are available to your business and staff during these challenging times. If your business is facing economic challenges related to COVID-19, please reach out to ACED for all the up-to-date information and resources to help your business during this global event.
General Inquiries – email@example.com
Bo Martinez, President/CEO – 303-997-4884
Deb Durand, VP of Investor and Community Relations – 303-921-1003
Janet Fritz, Director of Marketing and Communications – 303-475-4194
Karra Walker, Business Outreach and Resource Coordinator – 970-380-6498
ADAMS COUNTY COMMUNITIES
Adams County Government and all cities have posted comprehensive resources:
TRI-COUNTY HEALTH DEPARTMENT
Comprehensive resources and alert info for the community
Guidance and guidelines for retail food establishments
NORTH METRO SMALL BUSINESS DEVELOPMENT CENTER (SBDC)
The North Metro SBDC is at the front lines of assisting the Adams County business community experiencing economic impacts due to the COVID-19 outbreak and is part of the Colorado Small Business Development Center network to bring crucial knowledge and resources to small businesses. The North Metro SBDC is set up for virtual consulting with clients and has expanded its consulting hours to meet the demand. Businesses can view resource updates and schedule online sessions at its website, www.northmetrosbdc.com.
Note: the North Metro SBDC is your go-to organization to apply for the U.S. Small Business Administration’s newly announced Emergency Industry Disaster Loans (EIDLs) of up to $2 million available to small businesses impacted by the crisis.
STATE OF COLORADO
The state of Colorado has created a stand-alone website dedicated to COVID-19 response and volunteering: Help Colorado Now.
The site has a breadth of informational resources and improved data visualization for COVID-19. The site is also the gateway for Colorado’s COVID Relief Fund to support businesses, workers, and economic relief.
Emergency Leave with Pay
The Colorado Department of Labor and Employment published The Colorado Health Emergency Leave with Pay Rules which temporarily require employers in certain industries to provide a small amount of paid sick leave to employees with flu-like symptoms while awaiting COVID-19 testing.
The rules require up to four days of paid sick for employees being tested for coronavirus COVID-19 in select industries which include:
- Leisure and hospitality
- Food Services
- Child care
- Education, including transportation, food service, and related work at educational establishments
- Home health, if working with elderly, disabled, ill, or otherwise high-risk individuals and;
- Nursing homes and community living facilities.
Resources are available for employees whose worksite is closed or has cut its work hours due to COVID-19. If you work for a restaurant, ski resort, or other business that has closed or reduced your hours to help stop the spread of COVID-19, you can file or reopen an unemployment claim. Go to coloradoui.gov/fileaclaim.
Additional State Resources:
- Colorado Department of Labor and Employment – Coronavirus Information and Resources
- Colorado Department of Health and Environment – Full Resources/Info on Cases
- State of Colorado Press Releases
COLORADO BANKER’S ASSOCIATION
The Colorado Bankers Association represents more than 95 percent of the $146 billion in assets within the 131 banks operating in Colorado and is proactively working with banks to assist businesses impacted by COVID-19.
U.S. SMALL BUSINESS ADMINISTRATION
Disaster Loans to Small Businesses
Congress passed the “Coronavirus Preparedness and Response Supplemental Appropriations Act 2020 (H.R. 6074)” which expanded the Small Business Act’s definition of a disaster to include coronavirus. Gov. Polis’ “Governor’s Certification Disaster Declaration” was approved on 3/18 and Colorado businesses are now eligible for low-interest loans (currently 3.75%) of up to $2 million with a maximum 30-year term.
Affected small business owners Colorado are encouraged to apply online via the Disaster Loan Application Portal. Businesses can also contact the SBA’s Customer Service Center at 1-800-659-2955 or firstname.lastname@example.org.
ADDITIONAL EMERGENCY FUNDING PROGRAMS
Facebook Small Business Grants Program – the social media company is offering $100 million in cash grants to small businesses affected by COVID-19
Colorado COVID Relief Fund – The fund has already raised nearly $3 million and will be used to support the needs of communities impacted by the coronavirus in both response and recovery. Qualifying organizations will be able to apply for funds starting on 3/23.
DEPARTMENT OF TREASURY/IRS
Direct Support to Americans
President Trump and Congress passed a $2 trillion economic stimulus plan on 3/25 to mitigate the economic challenges faced by America’s small businesses, industries, and workers due to the COVID-19 outbreak.
The President signed the Families First Coronavirus Response Act on 3/20. The Act contains many economic stimulus measures as well as Emergency Paid Sick Leave and expanded FMLA provisions.