This week the Restaurant Revitalization GRANT program was approved with $28.6 billion to help restaurants. This will be facilitated by the Small Business Association. We are awaiting guidelines from the SBA as to when the application portal will open. The money will go fast so please be prepared.
HERE ARE THREE THINGS RESTAURANTS NEED TO DO RIGHT NOW:
1. You must have a DUNNs number to apply. If you don't have one already SIGN UP NOW! It usually takes 1-3 days to get this number. It is a free number you can get online athttps://www.dnb.com
2. You must be registered in the Federal Government SAMS registration system. If you have not registered SIGN UP NOW! It will take about 2 weeks to get your number. This is free and you register at https://www.sam.gov/SAM/
3. Gather your 2019 & 2020 tax forms, and Profit/Loss statements
Eligible entities are a restaurant, food stand, food truck, food cart, caterer, saloon, inn, tavern, bar, lounge, brewpub, tasting room, taproom, licensed facility or premises of a beverage alcohol producer where the public may taste, sample, or purchase products, or other similar place of business in which the public or patrons assemble for the primary purpose of being served food or drink.
Funds are not for any other purposes other than expenses related to retain workers and maintain payroll; principal or interest on mortgage obligations; rent; utilities; maintenance; supplies required by the public health department; normal food and beverage inventory; debt obligations to suppliers incurred before the covered period; operational expenses; paid sick leave; and any other expenses that Treasury determines to be essential to maintaining operations.
The SBA will be taking these applications online via the Federal Contracting SAMS registration system. Stay tuned for more details from the SBA
Shenandoah County Now Accepting Applications for the Fourth Round of Small Business COVID-19 Recovery Assistance Grants
The Shenandoah County Industrial Development Authority (IDA) along with Shenandoah County Economic Development, Shenandoah County Chamber of Commerce, LFCC Small Business Development Center and the towns of Edinburg, Mount Jackson, New Market, Strasburg and Woodstock have relaunched the Shenandoah County Small Business COVID-19 Recovery Assistance Grant.
Businesses who have already received a Small Business COVID-19 Recovery Assistance Grant through Shenandoah County are not eligible to apply at this time. Applications must be received by 5:00 pm on April 9, 2021.
Click here for an application or for more information visit https://shenandoahcountyva.us/economic-development/
The SBA, in consultation with the U.S. Treasury Department, has reopened the Paycheck Protection Program loan portal.
We encourage you to act quickly and contact your financial institution. Click here for everything you need to know:
As part of their continuing commitment to elevate impact in rural America, LISC is inviting small business owners in rural locations across the country to apply for the LISC-Lowe's Rural Relief Small Business Grants program.
They will support small businesses and enterprises affected by Covid-19 across the country, especially those in underserved communities, including entrepreneurs of color, women- and veteran-owned businesses that often lack access to flexible, affordable capital.
Applications will be reviewed based on criteria designed to prioritize particularly challenged businesses, and the final grantees will be randomly selected from the top scoring applicants. Find More Information Here
The Rebuild VA Grant Fund is a program to help small businesses and non-profits whose normal operations were disrupted by COVID-19, including restaurants, brick and mortar retail, exercise and fitness facilities, personal care and personal grooming services, entertainment and public amusement establishments, and campgrounds. Businesses and non-profits that are approved for a Rebuild VA grant may receive up to 3 times their average monthly eligible expenses up to a maximum of $10,000. Click here for more information.
DOLI Emergency Regulation & Its Impact on Virginia Businesses.
Click here to read the Emergency Standards affecting your business
This guide is designed to provide specific measures for businesses across multiple categories to safely remain open, or reopen during these dynamic times. We're here to help our business community succeed which in turn helps our community to prosper. Click here to download.
"We're All in This Together" and will remain #ShenCoStrong and #StrongerTogether
Recovery Resources for Small Businesses The Virginia SBDC recommends using the process here no matter what stage you are in to determine your next steps. This checklist is meant to help guide you through those important questions as you look to reimagine your business and find success in the post-crisis world. Wherever your business may be currently, we suggest starting at the very beginning of the checklist and working your way through.
SBA recommended Webinars:
Here you can find a map of all public wifi hotspots in Virginia. This resource may be helpful to you if you are working remotely or homeschooling as a result of COVID-19..
Protecting Your Home - 6 Steps to Take Now When Seeking Mortgage Assistance - Click here
Renter's Guide - 6 Steps to Take When You Can't Afford Rent - Click here
Lord Fairfax Health Department Covid 19 Fact Sheets for Businesses:
Virginia Tourism is working closely with the U.S. Travel Association, the Office of the Governor, the Virginia Department of Health, and other state agencies to provide the most up-to-date information to our industry partners, and to take proactive measures to protect the health and safety of our citizens and visitors.
An excellent checklist and tool for business owners provided by the LFSBDC. Download here.
USDA has taken many immediate actions to assist farmers, ranchers, producers, rural communities, and rural-based businesses and organizations impacted by the COVID-19 pandemic. For more information on these actions, visit www.usda.gov/coronavirus
The Coronavirus pandemic has raised several legal questions and concerns. Getting sound legal advice and support at a time like this can go a long way in reducing your stress and protecting your rights. LegalShield lawyers have been working around the clock to provide 4.4 million people and businesses the guidance they need. We are committed to remaining open and available throughout the pandemic to provide legal support. Learn more about how to protect yourself and your legal rights during these uncertain times here.
If you are a worker who has been totally/partially separated
from your job due to Covid-19, click here to file a claim for unemployment insurance. You can also call 1-866-832-2363, Monday - Friday 8:30 AM - 5:00 PM.
All Valley VEC offices are closed at this time but they are able to assist online.
The Virginia Chamber of Commerce released the COVID-19 Resource Center to provide the latest information on COVID-19. We encourage all members of the chamber community to utilize this resource to ensure your business and employees have the necessary information to help prevent the spread of COVID-19.
CDC Guidance & Prevention Protocols for Businesses
The Centers for Disease Control & Prevention (CDC) has issued COVID-19 guidance for businesses and is updating them as new developments occur: Resources for Business & Employers