cdp
Creating opportunities for people to live, work, & thrive on the Lower Cape
Inside Scoop - November 2020
Bringing you the latest tools to help your business.

Happy Thanksgiving! In our crazy 2020, a year to remember or maybe forget, we have learned many new things. Let's be thankful for some of the new technology and strategies, take them to the next level and enjoy a safe and healthy Thanksgiving.

We have been working hard reviewing applications for our forgivable loan program. If you have 5 or fewer employees, meet the low-to-moderate income criteria based on your family size and started your business prior to 1/1/2019, we still have funds available.
November's Inside Scoop:

  • Support our local businesses and Shop Local this Holiday Season!
  • Provincetown Announces Economic Development Grants
  • Pure Vita and Green Road Refill working together for Zero Waste
  • CDBG CV-19 Forgivable Loan Program - Funds still available!
  • Paid Family Medical Leave Act Webinar
  • CDP Business Assistance staff is here to help - Make an appointment now

As always, if there is a business topic that comes up for which you need more information or assistance, please email or call. CDP staff will help find resources to answer your questions.

Stay well!

Pam
Cape & Islands Green Corner

The Net Zero Conference was just a few weeks ago. The CDP had a number of staff participate in the conference and, following the conference, we offered a Cape & Islands Green workshop.

Everyone is looking at Marketing their business in new ways. Here are two businesses working together to promote their products and work toward Zero Waste in our community.

Please remember these and all of our local small businesses who remind you to shop local this holiday season. Now more than ever!
COVID-19 Micro Enterprise Forgivable Loan Program

Applications are now available for the CDP forgivable loan program for small businesses in the 8 Lower and Outer Cape towns. This Micro-enterprise Relief Program (MRP) is designed to assist businesses with 5 or fewer employees (including the owner(s)) that have been negatively impacted by the COVID-19 pandemic. The program will provide one-time forgivable loans up to $10,000 for business owners who need financial assistance to support business operational costs in order to keep the business sustainable. Funds must be used within six months of award. Applications will be accepted on a rolling basis. Funding will be awarded based on a first come, first eligible, completed application basis, subject to the availability of funding.

Eligibility Criteria Include:
  • Business must have 5 or fewer employees including owner(s) at time of application.
  • Business owner(s) must meet the Low to Moderate Income criteria (check out the application, you might be surprised at the income requirements)
  • Business must have started their for-profit operations prior to 1/1/2019
  • Must demonstrate a COVID related loss


There are two methods for submission, electronic and paper.

If you wish to use the electronic version:
  • Here is the link to a google form Electronic Questions
  • The google form asks how you would like to submit your attachments which can be done via paper or with an upload. An upload link will be provided when Google Form has been received.- If you are applying over the Thanksgiving Holiday Week please submit your additional documentation via paper. The upload link will be unavailable.
  • The required attachments are included Electronic Application Description and Attachments.
  • Submit attachments through the method you choose.
  • Your application will be stamped with the date and time received. However, if the uploads are not submitted in one complete package and other items are submitted at a later date, that will be the date and time of COMPLETE Application.

If you wish to use a paper version:
  • full paper application with a list attachments.
  • Fill out the application and return to the CDP at 3 Main Street Mercantile, Eastham, MA 02642. To ensure contactless delivery of documents please leave your application package in the CDP mailbox which is between units 7 & 8. Then call Alex at 508-240-7873 x22 to let him know that the application had been dropped off.
  • Alex will then be able to stamp the application with the time and date received. However, if the application is not submitted in one complete package and other items are submitted at a later date, that will be the date and time of COMPLETE Application.

If you need a pre-printed paper version: A paper version of the application is available at the CDP Offices in the “drop” box which is located below the CDP mailbox between units 7 & 8 at 3 Main Street Mercantile, Eastham. There will be multiple copies in the yellow file folder, please take only what you need so that there are copies for others that may also be in need of this version of the application.

If you have questions or need assistance with any part of the application please contact Pam pam@capecdp.org or 508-514-1369 mobile or schedule an appointment using the links below.
Paid Family Medical Leave Act Webinar

Are you and your business ready for the Paid Family Medical Leave act?

The Cape Cod Chamber will have Mary Tibma, Manager of Customer Engagement and Experience, and Johan Bastidas, Program Coordinator II of the Massachusetts Department of Paid Family Medical Leave as panelists in a Nov. 23rd webinar presented by John Tocci, Esq. of Tocci & Lee. Paid Family & Medical Leave begins January 1, 2021 and employers must be prepared.
Upcoming Workshops

Click button below for details about our fall programming.


QuickBooks Online - Nov 10, 17 & Dec 5



cdp
Loans
The CDP has micro loans up to $50,000 for small businesses on the Lower Cape. Visit our website for complete program details and eligibility requirements.

We are able to lend to businesses that have a limited credit history, are too new to obtain a bank loan or that need help developing a business plan or cash flow projections. We even work with local banks offering loan packaging to potential applicants.
The CDP offers Individual Business Guidance in a number of ways.
How can we help your business?
Individual Business Guidance

Are you self-employed, a solopreneur or a small business owner, and live or work on the Lower Cape?

The CDP offers individual business guidance for all types of businesses.

What are your business needs?

Professional Services Grants Still Available for 2020.

Many businesses are finding the need to change their business model in these turbulent times. The CDP has Grant Funds available to help business owners hire specialized consultants to quickly implement these changes whether in technology, legal or marketing.
Make an appointment to learn more and to help stabilize or grow your business.
SCORE


Individual Mentoring through SCORE

SCORE offers individual mentoring across the Cape. The CDP partners with SCORE to offer mentoring on the Lower Cape. Due to COVID19 all SCORE Mentoring Session are currently being help remotely. Please register with SCORE using the link below.
The CDP's small business and technical assistance programs are made possible by the following funders:
Mass Growth Capital Corporation
USDA Rural Business Development Grant
Barnstable County Economic Development Commission
Cape Cod Foundation
Cape Cod Five Charitable Foundation Trust
Rockland Trust
TD Charitable Foundation
Santander Bank

This institution is an equal opportunity provider and employer.