"AUSTRIA CONNECT" Newsflash is an information service provided by ADVANTAGE AUSTRIA in the US, with offices in New York, Chicago, Los Angeles and Washington DC. It covers topics of interest to US affiliates of Austrian companies (visa, law, taxation, recruitment, economic development among others). The newsflash will be sent whenever highly topical or current information becomes available. 
Dear fellow Austrians and friends of Austria in the US,

With the outbreak of the coronavirus, small businesses in particular are being severely impacted. The Small Business Administration has implemented several measures to support small businesses at this difficult time. Among these are the SBA Paycheck Protection Programs and SBA Economic Injury Disaster Loans.

The $2.2 Trillion Corona Relief Bill, which became law on March 27, contains two loan/grant programs for SME with less than 500 employees, designed to encourage the companies to retain their employees. The Paycheck Protection Program (PPP), although designed as a loan, in effect pays the payroll and rent for 2.5 months.

The Economic Injury Disaster Loan program (EIDL) provides loans at very favorable rates and pays out $10.000 as non-refundable grant. Since the program is not sufficiently funded, it is important for the US subsidiary to contact their local bank ASAP to start the application process.

Please check out these links for further information:
Advantage Austria in the US | Get in touch
Our teams in New York, Chicago, Los Angeles, Washington, Atlanta and San Francisco are working at full capacity to support you and your business during this time of uncertainty. We know you are busy with the necessary adjustments but if you need us we are there to support you by

  • keeping you informed about relevant developments in your industry and about the current COVID-19 situation
  • using our networks to facilitate new contacts
  • intervening in case of disruptions of your shipments or other business activities

Best regards,

Michael, Peter, Walter
The Austrian Trade Commissioners in the US

P.S.: Our offices in the United States closely monitor any developments regarding the spread of the corona virus (COVID-19). All information provided is to the best of our knowledge with no obligation on our part. As things evolve, we will keep you informed as the details become available. Any updates will be posted on our websites at and and on our social media channels.
Michael Friedl
Trade Commissioner
120 West 45th Street, 9th Floor
New York, NY 10036
T +1 212 421 5250
Peter Sedlmayer
Trade Commissioner
500 N. Michigan Ave., Suite 1950
Chicago, IL 60611
T +1 312 644 5556
Walter Koren
Trade Commissioner
11601 Wilshire Blvd., Suite 2420
Los Angeles, CA 90025
T +1 310 477 9988
500 North Michigan Avenue, Suite 1950, Chicago, IL 60611
T +1 312 644 5556
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