America’s SBDC Starts New Federal Resource for
The public website, COVID-SB.ORG is now live and can be accessed by anyone looking for federal information related to COVID-19 and small business.
William & Mary
Raymond A Mason School of Business: MBA Students Provide Support
MBA students at the William & Mary School of Business are offering crisis services to locally owned small businesses - FREE OF CHARGE. Visit the website for help.
During the Governor’s Press Conference (5.28.20) he addressed the many concerns swirling around enforcement of his mask mandate in all public places starting May 29th. The Governor and his general counselor stated that businesses and their employees are not to be the enforcers or put themselves in a harmful position. The Governor encouraged businesses to clearly post his mandate at the entrance for customers and that they do mandate employees to wear masks. The guidelines and signage for businesses to print and post at the entrance to their business can be found on his website and will be available in English and Spanish.
Federal and State COVID-19 Resources for Small Businesses
The Paycheck Protection Program prioritizes millions of Americans employed by small businesses by authorizing up to $349 billion toward job retention and certain other expenses. Small businesses and eligible nonprofit organizations, Veterans organizations, and Tribal businesses described in the Small Business Act, as well as individuals who are self-employed or are independent contractors, are eligible if they also meet program size standards.
IRS Coronavirus Tax Relief for Businesses and Tax-Exempt Entities
Get information on coronavirus (COVID-19) tax relief for businesses and tax-exempt entities, including employee retention credits and paid leave for workers and tax credits.
U.S. Small Business Administration (SBA)
Small Business Guidance & Loan Resources.
Economic Injury Disaster Loans
Federal Disaster Loans for Businesses, Private Nonprofits, Homeowners, and Renters.
Paycheck Protection Program
An SBA loan that helps businesses keep their workforce employed during the Coronavirus (COVID-19) crisis.
Virginia Department of Taxation
Any income tax payments due during the time period of April 1, 2020, to June 1, 2020, will now be due on June 1, 2020. This includes individual and corporate income taxes paid to Virginia Tax. Businesses impacted by coronavirus can request an extension of the due date for filing and payment of their February 2020 sales tax return due March 20, 2020, for 30 days. When granted, businesses will be able to file and pay no later than April 20, 2020 with a waiver of any penalties.
Virginia Employment & Financial Support
Information from the state on support for affected workers, unemployment insurance, utilities, and corporate/sales/individual taxes.
Virginia Support for Businesses
Information from the state on support for impacted employers, SBA Economic Injury Disaster Loans, and corporate/sales/individual taxes.
Virginia Employment Commission Resources (Unemployment Insurance)
The Commonwealth has taken unprecedented steps to fight the spread of COVID-19 as well as making substantial moves to help those in the workforce who’ve been affected by this global event. This page will serve as your online resource to learn about any changes to the benefits application process along with VEC office closings, pertinent news releases and links to other helpful sites.
Virginia Announces Changes in Unemployment Insurance program as a result of the Federal CARES Act
The CARES Act provides increased benefits for workers collecting unemployment insurance by $600 for claims effective March 29th until July 31st.
American Medical Association (AMA) Resources
Physician practices managing patients during the COVID-19 pandemic are confronting new and unique operational and business challenges. This checklist provides high level guidance for practice owners and administrators.
Virginia Chamber of Commerce
The Virginia Chamber has provided a webpage of resources developed by the Commonwealth of Virginia, Virginia Department of Health, Treasury Department, Small Business Administration, Centers for Disease Control and Prevention, U.S. Chamber of Commerce, and other organizations and government partners to ensure your business and your employees have the necessary information to help prevent the spread of COVID-19 and keep our workforce healthy.
Please visit the SBA for useful guidance and steps that you may want to follow in preparing your business for the impact of COVID-19 and to determine if you may qualify for financial assistance related to this disaster.
We recommend that you visit this site regularly for updates and do not hesitate to contact us should you have any questions. As we receive more details from the federal and state governments about disaster relief, we will share them with you.
We encourage you to start collecting and documenting any loss of business related to this pandemic. This could include:
- Hotel Room Cancellations
- Meal Reservation Cancellations
- Private Event Cancellations
- Conference Cancellations
- Declining numbers of visitors, room nights, etc.
- Any business and/or revenue loss associated with the pandemic
Business-Related Disaster Relief Resources
- SBA Resources Partners and District Offices
- Virginia Employment Commission (VEC) Unemployment Insurance
- Insurance Institute for Business & Home Safety (IBHS) Business Continuity Planning
- Open for Business-EZ (OFB-EZ) Business Continuity Plan
- FEMA Emergency Planning Exercises
- Google Work, teach, and learn from anywhere resources
- Virginia Department of Heath (VDH) COVID-19 Information
- Center for Disease Control and Prevention (CDC) Resources for Businesses and Employers
- Virginia Chamber of Commerce Resources