Town departments -- although working remotely -- continue to operate and you can still get assistance through the website or phone (203-389-3400). I am also maintaining a centralized page on the Town website with Coronavirus updates for residents and businesses. The page is updated frequently and includes a link to Woodbridge-based businesses that are operating.

If your business is missing or your entry needs updating, let me know!
News from the Regional Economic Development Xcelleration group:

Please find the most current information we have regarding business assistance programs. Funding for many of them are extremely limited so we urge you to act quickly. 
  • Citizens Bank Small Business Recovery Fund - Citizens Bank and LISC Connecticut have created a Small Business Recovery Fund to offer grants of up to $5,000 to small businesses, especially minority, women, or veteran-owned businesses and businesses in underserved communities. Citizens and LISC CT will accept the first 100 applications that they receive from applicants using their online link. For more information, please visit LISC Citizens Bank COVID19 Recovery Grant.

  • HEDCO Women/Minority-Owned Small Business Line-of-Credit Program - HEDCO's Women/Minority-Owned Small Business Line-of-Credit Program remains open to offer women- and minority-owned small businesses with 1-year, 0%, potentially forgivable working-capital lines of credit of up to $20,000. For assistance applying for this line of credit, please visit HEDCO DECD COVID19 Line of Credit

  • U.S. Chamber Save Small Business Program - The U.S. Chamber of Commerce Foundation has created a Save Small Business Program to provide small businesses with grants of up to $5,000. Starting Monday 4/20, interested businesses may apply online. For more information, please visit Save Small Business.

  • Yale Community for New Haven Fund - Yale has created a Yale Community for New Haven Fund to help local organizations that deliver healthcare, address educational and food insecurity needs, and improve family and homeless wellbeing. Please apply at Yale Community for New Haven Fund.


The Community and Economic Development (CED) Clinic and the student-run COVID Student Small Business Support Project may be able to assist you at no cost in addressing COVID’s impact on your organization. Support may include:
  • Providing information about government loans and grants
  • Navigating state and local resources to obtain financing
  • Making emergency modifications to lease terms
  • Understanding changes to tax law
  • Other legal issues that may arise
Support is available to small businesses, nonprofits, and self-employed people in the greater New Haven area. If you are interested in assistance, contact us at  COVID.CED@ylsclinics.org  or 203-432-4022.

Note: If you reach out for support, a student may contact you to learn more and offer information about available resources. As the student will explain, such a conversation is for informational purposes only and is not legal advice. If you require legal advice, we will attempt to make a referral to a free lawyer.


Congress is expected to soon adopt a new round of funding for the Paycheck Protection Program (PPP). 

During the last funding for the PPP, these loans were forgivable if used for maintaining payroll and other specific, limited uses. It is expected that the same process will be in place this time.  Businesses will fill out an application and bring it to financial institutions with whom they have an existing relationship.

In order to get a head start on the process, you may use the application for the PPP  HERE.   Here is a list of all approve US Small Business Administration (SBA) lenders in Connecticut  HERE.

The last round of funding ran out quickly. If you are planning to apply for the PPP, contact your lender now to let them know you will be applying for the PPP and complete the application in advance.

Update from the State Department of Economic and Community Development:

Governor Lamont just announced a new partnership with SoFi and Equifax to help expedite the approval of previously submitted Connecticut Recovery Bridge Loan Program applications. DECD received over 5,000 applications in less than 48 hours and doubled the amount of the program as a result.
We know these are uncertain times for Connecticut small businesses and non-profits and our goal is to get this money out of the door as soon as possible. The $50 million program will provide some cash flow relief to those negatively impacted by the coronavirus.
Additional Resources and Updates:
  • The Governor has created the Reopen Connecticut Advisory Group to focus on restarting the State’s economy. Indra Nooyi, co-chair of AdvanceCT and former chairman and CEO of PepsiCo, and Albert Ko MD, professor of epidemiology and medicine at the Yale School of Public Health, are leading the group comprised of top health, labor and business experts.
  • A new website, www.ctcovidresponse.org, has launched to connect Connecticut manufacturers and suppliers with health care institutions to produce the medical supplies and PPE our first responders need. 
  • The Department of Revenue Services (DRS) launched a one-on-one customer service program to help businesses and individual taxpayers understand what resources are available to them if they can’t meet their current collections obligations.
  • AdvanceCT partnered with CBIA and DECD to release the second iteration of its business survey to gather feedback directly from Connecticut businesses that will help inform how we restart our economy.
  • Finally, wanted to provide you with a quick update on the federal Payroll Protection Program (PPP). More than 18,000 loans totaling more than $4.1 billion were approved for Connecticut businesses. Governor Lamont and DECD continue to work with our federal delegation and advocate for additional funding for this program.  
I encourage you to regularly check  Governor Lamont’s YouTube page  for detailed daily updates, as well as the state’s  coronavirus website  which is updated with useful information. You can also get the latest news on our  Twitter,   Facebook  and  LinkedIn  channels.

Sincerely, 
David Lehman, Commissioner
david.lehman@ct.gov , (860) 500-2310
Landlord and Tenant Issues Webinar:

Responding to COVID-19 Webinar Series - Part IV: Strategies for Landlords and Tenants
 
Thursday, April 23, 2020
10:30 a.m. – 11:30 a.m. EDT
The shuttering of businesses due to the current health crisis has resulted in widespread requests for rent relief from tenants to their landlords. Landlords, however, need an uninterrupted rent stream for debt service and such property expenses as real estate taxes, insurance, maintenance and repairs. Given the likelihood that foreclosures and evictions will continue to be stayed by courts, legislatures and governors for the duration of this crisis, all parties must work together to develop practical solutions.
In this webinar, Real Estate Attorney Geoffrey F. Fay and Bankruptcy Attorney Jonathan A. Kaplan will prepare landlords, tenants and bank lenders for some of the key challenges they face during this time, as well as how to begin planning for the future. Topics will include:
  • Why negotiation is likely the best option to resolve issues of leases under stress
  • How both landlords and tenants should prepare for negotiationDos and don’ts of negotiation strategies
  • The impact of COVID-19 on commercial evictions and the state court system
  • The bankruptcy process for both commercial landlords and tenants
  • How landlords can prepare for tenants’ bankruptcy filings

 
There will be time for Q&A. Questions should be sent in advance to  COVID19@pullcom.com .

Greater New Haven Chamber webinar

TOPIC: Planning for the Reopen – Best Practices from Businesses that are Open
Today, 4/22 at 11 am

As the conversation begins to move towards reopening, hear from business managers and owners, whose businesses are open, about what they are doing differently to run their businesses while maintaining safety and social distancing.

Join these business leaders:
Michael Piscitelli,   City of New Haven
Kim Pedrick , Owner,  idiom and dwell
Sherri Helget , Director of Human Resources,  C. Cowles & Company
Ramon Peralta,  Founder and Chief Brand Officer,  Peralta Design
Steve Bayusik,  Director of Operations,  Shell & Bones and Geronimo