Covid-19: Business Recovery Resources

The City of Port Orange understands local business is being impacted by the COVID-19 Virus. Efforts to prevent the spread of the Virus is likely impacting your business activity. A good place to find available business resources and related links is located here.

Business Recovery Resources for the Coronavirus:

State Resource: FloridaDisaster.biz is a partnership between the Florida Department of Economic Opportunity (DEO) and the Florida Division of Emergency Management (DEM). DEO is the lead agency for the State Emergency Response Team Emergency Support Function (ESF) 18. ESF-18 is tasked with coordinating local, state and federal agency actions that provide immediate and short-term assistance to business and industry as well as economic stabilization. Additionally, ESF-18 works with business and industry to identify available resources to meet the needs of the state and its citizens before, during and after a disaster. https://www.floridadisaster.biz/
State Resource: Florida utilizes its Business Damage Assessment Survey (BDAS) to determine the level of impact and need for federal and state disaster assistance. If your business has been impacted by the virus, it is imperative that you complete this important survey, here:  https://floridadisaster.biz/BusinessDamageAssessments
State Resource: The Florida Small Business Emergency Bridge Loan Program is currently available to small business owners located in all Florida counties statewide that experienced economic damage as a result of the COVID-19. These short-term, interest-free working capital loans are intended to “bridge the gap” between the time a major catastrophe hits and when a business has secured longer term recovery resources. This program is available to Florida for-profit businesses with 2 to 100 employees and offers loans to businesses for amounts up to $50,000 at no interest for up to a one-year term. You can apply here: https://floridadisasterloan.org/
Federal Resource: The U.S. Small Business Administration (SBA) has activated its SBA Economic Injury Disaster Loan Program. This program provides working capital to small businesses who have suffered “substantial economic injury” as a result COVID-19. Substantial economic injury means a business has been unable to meet its obligations and to pay its ordinary and necessary operating expenses. It is important that you fill out the Business Damage Assessment (BDA) Survey outlined in bullet # 2 (above) to ensure this program gets implemented in Florida. For additional information, please contact the SBA disaster assistance customer service center - call 1-800-659-2955 or e-mail disastercustomerservice@sba.gov You can apply and access more information at https://disasterloan.sba.gov/ela/Information/EIDLLoans

 

Other Business Notes or Assistance Opportunities:

Reemployment Assistance: If employment has been negatively impacted because of efforts to stop the spread of COVID-19, Floridians may be eligible to receive Reemployment Assistance. More information and application can be found here: http://floridajobs.org/job-seekers-community-services
Taxes: The Governor directed the Department of Revenue to provide flexibility on the deadlines of taxes due such as corporate income tax and sales tax to assist businesses that are adversely impacted by the Coronavirus mitigation measures. Please speak with your tax accountants or attorneys for further guidance.
Small Business Administration (SBA): The Small Business Administration Economic Injury Disaster Loans offer up to $2 million in assistance for each affected small business. These loans can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing.  For faster, easier qualification process for states seeking SBA disaster assistance, read the full press-release. Click here for the full press release.
Florida Small Business Development Center (SBDC) Network: Many businesses have been impacted by the Coronavirus (COVID-19) Florida Small Business Development Center (SBDC) Network is also here to provide access to capital and resources needed for recovery. For more information visit the following link http://floridasbdc.org/disaster/