June 17, 2020
Contact: Brooke Sticha
Hi Members,

Click HERE for information on the recently announced Small Business Relief Program! Apply today!

Guide to PPP Loan Forgiveness . This guide reflects recent substantive changes made by Congress and the administration to the PPP program to provide borrowers with more flexibility. These changes include:
  • Extending the time to spend PPP funds from 8 weeks to 24 weeks. Lowering the amount that must be spent on payroll from 75% to 60%;
  • Extending the deadline to restore FTEs and payroll from June 30, 2020 to Dec. 31, 2020; and
  • Setting the repayment term for loans made after June 4, 2020 at five years.

Click HERE for some information on a series of Resiliency Webinars sponsored by Mayo Clinic Health System. Register Today!

For answers to FAQ's regarding phase 3 of Minnesota's Stay Safe Plan CLICK HERE !

More updated information in the Toolkit on Return to Work best practices, local funding options, property tax deferments by county, and more.

See below for additional resources for small businesses feeling the impacts of the COVID-19 pandemic.

Minnesota Chamber made available a list of “best practices” for businesses throughout the state to safely return to work. Click HERE for more information.
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New Prague Chamber of Commerce | |