White House minority business resources (Sep 2020)

by | Sep 11, 2020 | AAPI Partners, NAAAP Blog, National News | 0 comments

 

From the White House Asian American Pacific Initiative (WHIAAPI)

COVID-19 RELATED RESOURCES

 

Assistance for Small Businesses

The Paycheck Protection Program established by the CARES Act, is implemented by the Small Business Administration with support from the Department of the Treasury.  The Paycheck Protection Program is providing small businesses with the resources they need to maintain their payroll, hire back employees who may have been laid off, and cover applicable overhead. On June 6, 2020, President Trump signed legislation providing more flexibility and relief for small businesses, including extending the covered period for loan forgiveness from 8 weeks after the date of loan disbursement to 24 weeks and lowering the requirements that 75% of a borrower’s loan proceeds must be used for payroll costs to 60%. More information can be found below:

Program Overview

For more information and updates, visit Treasury.gov/CARES and SBA.gov/PayCheckProtection.

Economic Injury Disaster Loans & Advance Program: In response to the Coronavirus (COVID-19) pandemic, small business owners and non-profit organizations in all U.S. states, Washington D.C., and territories are able to apply for an Economic Injury Disaster Loan (EIDL).  EIDL is designed to provide economic relief to businesses that are currently experiencing a temporary loss of revenue. EIDL proceeds can be used to cover a wide array of working capital and normal operating expenses, such as continuation to health care benefits, rent, utilities, and fixed debt payments.

SBA Express Bridge Loans: Express Bridge Loan Pilot Program allows small businesses who currently have a business relationship with an SBA Express Lender to access up to $25,000 quickly. These loans can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing and can be a term loans or used to bridge the gap while applying for a direct SBA Economic Injury Disaster loan. If a small business has an urgent need for cash while waiting for decision and disbursement on an Economic Injury Disaster Loan, they may qualify for an SBA Express Disaster Bridge Loan.

SBA Debt Relief: As part of our coronavirus debt relief efforts, the SBA will pay 6 months of principal, interest, and any associated fees that borrowers owe for all current 7(a), 504, and Microloans in regular servicing status as well as new 7(a), 504, and Microloans disbursed prior to September 27, 2020. This relief is not available for Paycheck Protection Program loans or Economic Injury Disaster loans. More information can be found below:

CDC Resources in Multiple Asian American and Pacific Islander languages

  • COVID-19 related factsheets and resources can be found here.

IRS Expands Tax Help into More Languages; Form 1040 Offered in Spanish and More Services, Information Available In Multiple Languages (HERE)

More Assistance for Communities

CARES Act Recovery Assistance Grants: The U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding CARES Act Recovery Assistance Grants to assist communities in responding to the coronavirus pandemic. These grants are being administered under the authority of the bureau’s flexible Economic Adjustment Assistance (EAA) program, which provides a wide-range of financial assistance to eligible communities and regions as they respond to and recover from the impacts of the coronavirus pandemic. For complete information, please visit the recently updated EDA CARES Act Recovery Assistance page.

Opportunity Zones: Opportunity Zones were created under the 2017 Tax Cuts and Jobs Act, signed into law by President Donald J. Trump on December 22, 2017, to stimulate economic development and job creation, by incentivizing long- term investments in low-income neighborhoods. During the COVID-19 pandemic, President Trump directed the White House Opportunity and Revitalization Council to focus on underserved communities impacted by the virus. For more information, visit opportunityzones.gov.

Assistance for Farmers and Ranchers

  • President Trump and the USDA are ensuring that resources are available for our farmers and ranchers during these unprecedented times. Farmers and ranchers, if your operation has been directly impacted by the coronavirus pandemic, the Coronavirus Food Assistance Program (CFAP) provides direct relief to producers who faced price declines and additional marketing costs due to COVID-19. The deadline to apply for CFAP has been extended to September

Assistance for American Workers and Families

American Workforce Policy Advisory Board – Call to Action: The American Workforce Policy Advisory Board has released a call-to-action to help the millions of workers who need assistance now, and build the resilient and agile workforce of the future powered by skilled American workers. Specific actions:

  • Expedite American workers’ return to employment and upward mobility by investing in career pathways and implementing skills-based hiring practices.
  • Remove obstacles to the modernization of American education and training to accelerate reskilling and facilitate innovation in workforce development.
  • Build the technological infrastructure necessary for the future of work.

Find Something New: FindSomethingNew.org can help workers of all ages and backgrounds identify the right path for their career goals by recommending multiple educational pathways, providing aptitude testing, offering a directory of critical resources for child care, food assistance, internet access and more. Educational pathways featured include online learning, professional certification programs, associate’s degrees, and vocational, technical and trades education.

Economic Impact Payments: The CARES Act provides for Economic Impact Payments to American households of up to $1,200 per adult for individuals whose income was less than $99,000 ( or $198,000 for joint filers) and $500 per child under 17 years old – or up to $3,400 for a family of four. More information can be found here.

Preserving Jobs for American Industry: The CARES Act offers meaningful financial support to American businesses and job creators so they can better support employees and be prepared to get back to business as soon as possible. More information can be found here.

Supporting Child Care: The CARES Act provided an additional $3.5 billion to the Child Care and Development Block Grant to support families with child care options during this public health crisis. Additional information and State-level information can be found here.

Dislocated Worker Grants: The U.S. Department of Labor is providing Dislocated Worker Grants to prevent, prepare for and respond to COVID-19. State-by-State data and additional details can be found here.

How to Help

Donate COVID-19 Plasma

  • If you have fully recovered from COVID-19, you may be able to help patients currently fighting the infection by donating your plasma. Because you fought the infection, your plasma now contains COVID-19 antibodies. These antibodies provided one way for your immune system to fight the virus when you were sick, so your plasma may be able to be used to help others fight off the disease. Learn more here.
  • To find where you can donate source plasma, visit https://www.donatingplasma.org/.

Donate Blood

  • The COVID-19 pandemic has caused unprecedented challenges to the U.S. blood supply. Donor centers have experienced a dramatic reduction in donations due to the implementation of social distancing and the cancellation of blood drives. Blood is needed every day to provide lifesaving treatments to a variety of patients. You can help ensure that blood continues to be available for patients by finding a blood donor center near you to schedule your donation. Learn more here.
  • To find where you can donate blood, visit aabb.org.

Donate Supplies and Equipment

  • If you represent a business that would like to donate medical supplies, equipment or pharmaceuticals, please provide details on what you would like to give. This form is for donations only.

Sell Supplies and Equipment

  • If you are interested in doing business with FEMA with your company’s non-medical goods and/or services, submit your inquiry to the Department of Homeland Security (DHS) Procurement Action Innovative Response Team (PAIR) team at [email protected]gov.
  • The federal government is purchasing medical supplies or equipment under the Defense Logistics Agency (DLA) Request for information (RFI). Visit the DLA website for more information.

Developing Medical Countermeasures

  • If you would like to meet with a federal agency regarding a vaccine, diagnostic, therapeutic or other medical device that you are developing for SARS-CoV-2 or COVID-19, please go to medicalcountermeasures.gov.

Other Forms of Help

  • If you or someone you know represent a hospital or healthcare provider in need of medical supplies, please contact your state, local, tribal or territory department of public health and/or emergency management agency.
  • If you represent a private sector business and wish to learn more about getting involved in a way that is not listed here, please e-mail [email protected] or visit our National Business Emergency Operations Center page.

For additional information, please visit FEMA’s website: www.fema.gov/coronavirus/how-to-help.

Guidelines for Opening Up America Again

President Trump has unveiled Guidelines for Opening Up America Again, a three-phased approach based on the advice of public health experts. These steps will help state and local officials when reopening their economies, getting people back to work, and continuing to protect American lives. Please click here for more information: Guidelines for Opening Up America Again

  • Testing Overview (HERE)
  • Testing Blueprint (HERE)
  • Guidance for Cleaning and Disinfecting Public Spaces, Workplaces, Businesses, Schools and Homes (HERE)

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