Discover the latest news from the Inland Northwest Partners in this edition of our Newsletter
COVID-19 RESPONSE RESOURCES
TOMORROW: A SPECIAL EVENT
Dealing With the Coronavirus: What to do immediately, to help save the tourism industry & our downtowns
Wed, Mar 18, 2020
8:30 AM - 9:30 AM PDT
This workshop is FREE to all!
We are offering ideas that can still encourage travel while implementing "social distancing" and "self-quarantine" procedures, ways to shift your tourism marketing to help you weather the storm, what downtowns (and downtown businesses) can do to survive, and programs coming online to help small businesses that make up the bulk of our tourism-industry providers and downtown businesses.
Economic developers must be first responders when it comes to protecting - and supporting - our communities during the current pandemic. Four industry experts will convene next Monday for a FREE webinar on the subject. REGISTER HERE.
Join IEDC to hear the latest on the impact COVID-19 is having on everything from small businesses to essential civil functions. Our moderator will engage speakers on their past experiences emerging from economic calamity, whatever the cause, and attendees will receive strategies they can use in the coming weeks and months to help their communities recover from the pandemic's economic impact.
SBA Disaster Assistance in Response to the Coronavirus (COVID-19)
Small Business Guidance & Loan Resources Health and government officials are working together to maintain the safety, security, and health of the American people. Small businesses are encouraged to do their part to keep their employees, customers, and themselves healthy.
The U.S. Small Business Administration is offering designated states and territories low-interest federal disaster loans for working capital to small businesses suffering substantial economic injury as a result of the Coronavirus (COVID-19). Upon a request received from a state's or territory's Governor, SBA will issue under its own authority, as provided by the Coronavirus Preparedness and
Response Supplemental Appropriations Act that was recently signed by the President, an Economic Injury Disaster Loan declaration.
Any such Economic Injury Disaster Loan assistance declaration issued by the SBA makes loans available to small businesses and private, non-profit organizations in designated areas of a state or territory to help alleviate economic injury caused by the Coronavirus (COVID-19).
SBA's Office of Disaster Assistance will coordinate with the state's or territory's Governor to submit the request for Economic Injury Disaster Loan assistance.
Once a declaration is made for designated areas within a state, the information on the application process for Economic Injury Disaster Loan assistance will be made available to all affected communities as well as updated on our website: SBA.gov/disaster.
SBA's Economic Injury Disaster Loans offer up to $2 million in assistance and can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing.
These loans may be used to pay fixed debts, payroll, accounts payable and other bills that can't be paid because of the disaster's impact. The interest rate is 3.75% for small businesses. The interest rate for non-profits is 2.75%.
SBA offers loans with long-term repayments in order to keep payments affordable, up to a maximum of 30 years. Terms are determined on a case-by-case basis, based upon each borrower's ability to repay.
SBA's Economic Injury Disaster Loans are just one piece of the expanded focus of the federal government's coordinated response, and the SBA is strongly committed to providing the most effective and customer-focused response possible.
For additional information, please contact the SBA disaster assistance customer service center. Call 1-800-659-2955 (TTY: 1-800-877-8339) or e-mail email@example.com.
Apply for a loan: Applicants are encouraged to apply online for a disaster loan. If you do not have access to a computer or smartphone, please call us at 1-800-659-2955 for assistance.
Leadership in Times of Crisis
- Doug Griffins, 13 Ways founder
13 WAYS | THERE'S ALWAYS A WAY
Doug has prepared a document to help guide and support communities facing an emergency that affords limited time and capacity to prepare and react. This document is meant to provide common approaches in general emergencies - and it contains approaches specifically nuanced to the COVID-19 pandemic emergency. READ DOUG'S DOCUMENT HERE.
"The advice offered here is based on my experience managing the response to, and recovery from, the floods in Southern Alberta in 2013 which impacted 29 communities, as well as my responsibility for oversight of the Alberta Emergency Management Authority during my time as Minister. I worked with many talented professionals over those years."