Thanks to our friends at Yakima County Development Association and Greater Yakima Valley Chamber of Commerce, this excellent webinar on PPP and the COVID Relief Bill occurred this past Thursday. Brian Newhouse of Alegria & Company CPA's does a great job in explaining all elements of bill and how your business or organization can benefit.
Here is the link: https://youtu.be/r_aM4hiYj9w
Here is the link to the slides from the webinar: Slides
If you have any questions, you can contact Brian at bnewhouse@alegriacpas.com
This is a national grant provided by Brother Corp and National Main Street. Grants are between $5K to $10K. Please read criteria.
~Located in accredited National Main Street Programs (Downtown Yakima is accredited)
~Brick and Mortar business
~20 employees or less
~For-Profit business only. 501(c)3's and 501(c)6's excluded
Link to grant application and information: At Your Side Grant
Grant application opens January 21. Closes January 28, 2021.
These loans are geared towards small businesses financially effected by COVID-19. It is not a grant but the interest rates are very low.
To learn more, visit SBA EIDL
Washington Working Grants Round 3 Grants up to $20,000
Preference Given to Applications submitted by December 10
$70 million in new pandemic relief funding for Washington small businesses.
$50 million will go to Round 3 of the Working Washington Small Business Emergency Grants.
$20 million will go towards funding businesses who applied in the previous rounds of the resiliency grants but did not receive funding. The maximum grant award is $20,000.
An emphasis will be placed on businesses hardest hit by the pandemic:
Priority will be given to applications turned in by December 10.
Link to applicaiton: Washington Working Grant Round 3 Application
Yakima County Development Association COVID-19 Tool Kit
Coronavirus Tool Kit on DAY website
List of restaurants and businesses operating in Downtown Yakima
Association of Washington Businesses COVID-19 Tool Kit
Webinars on Paycheck Protection Program and Re-opening Measures from Yakima County Development Association
Here is a Link to guidelines for the workplace provided by the Yakima Health District. As many businesses plan to re-open pending the Governor’s announcement, or if you are already operating, these practices will help ensure a healthy workplace.
Paycheck Protection Program — Additional Funding
Congress has just passed another round of funding. Contact the bank with whom you have an established relationship. They will guide you through the process. Do not delay. The funding runs out quickly and there can be snags. This is for payroll, utilities, and rent.
SBA Loans:
Long term loans for a variety of needs to get you through the crisis. Rates: business = 3.75%; non-profits = 2.75%. All businesses in All counties are eligible. You can set up a one-on-one consultation session through Yakima County Development Association by filling out this form:
English online Form
Spanish: online Form
You can also call the SBA Customer Service at (800) 659-2955
SharedWork Program
SharedWork: This program allows employers to reduce the hours of permanent and hourly-paid employees by as much as 50 percent, and the employees can collect partial unemployment benefits to replace a portion of their lost wages. While on the SharedWork program, employees are not required to make an active search for work. You must apply to participate in the program. The application and instructions can be found here.
Emergency Paid Leave
The federal government has just passed legislation to provide added relief to employers and employees including the Family Medical Leave Act and Expansion Act. Details are found here.
Other Resources:
Department of Commerce has further information on SBA Loans and small business resources.
Department of Revenue has information on a variety of assistance, including tax extensions and worker assistance.
National Main Street has a Business Tool Kit page for national programs and assistance.
Yakima Valley Open and Safe has more information and re-opening guidelines.
If you need further assistance or have any questions, please contact us at director@downtownyakima.com or 509-571-1328. If we don’t know the answer, we will try to find it!