Economic Relief Programs

SBA’s PPP Lending Portal coins

The U.S. Small Business Administration, announced that they will re-open the Paycheck Protection Program (PPP) loan portal to PPP-eligible lenders with $1 billion or less in assets for First and Second Draw applications on Friday, January 15, at 9:00 am EST. The portal will fully open on Tuesday, January 19, to all participating PPP lenders to submit First and Second Draw loan applications to SBA.  Please click here for more information. 

DES MOINES EATS PROGRAM

This local program is not currently active. The EATS program helped local restaurants and our senior and veteran populations during the COVID 19 Pandemic. The City purchased $2,500 in vouchers from a different local restaurant each week and provided the vouchers to our seniors and veterans, free of charge. Further questions should contact Management Analyst, Rochelle Sems at 206-870-6514 or rsems@desmoineswa.gov.

"G.R.O." PROGRAM

The program is not currently accepting applications at this time.  

The City provided financial assistance in the form of grant awards to small businesses through the new G.R.O. (Grant Relief Opportunity) Program.  The program provided relief to businesses impacted financially by the Stay Home, Stay Healthy mandate by the State of Washington.  Funding was designated for businesses that were impacted by the pandemic between March 1, 2020 and October 31, 2020. The maximum grant amount was $25,000, and the awarded amount was determined through administrative review of business applications. The resources; federal, state and regional funds, are limited. Successful applicants demonstrated that the funds were to be utilized to enhance employment and increase economic activity in the City of Des Moines.

The G.R.O. Program also awarded up to $10,000 in adaptation/remodel grants for small businesses that needed to retrofit their brick and mortar locations to accommodate current and future social distancing requirements. 

For any further questions or information, please contact GRO@desmoineswa.gov 

CARES ACT AND STIMULUS PACKAGE

The U.S. Department of the Treasury is continually updating their website with information for small businesses and for families. Please visit the following link for more information: 

https://home.treasury.gov/policy-issues/cares/assistance-for-small-businesses

SUPPORT FOR SMALL BUSINESSES AND NONPROFITS

Washington State Benefits for Employers
The Washington State Employment Security Department has programs designed to help individuals and employers impacted by the COVID-19 outbreak. They have an easy-to-read comparison guide listing some of the most common scenarios that may occur and benefits that may apply. More information for workers and businesses here.

FindHelp.org
Find food assistance, help paying bills, and other free or reduced cost programs, including new programs for the COVID-19 pandemic.

SMALL BUSINESSES AND NON-PROFITS

The local Highline Small Business Development Center is a valuable resource for COVID-19 related information and resources. They can be reached at (206) 592.4151 or SBDC@highline.edu.

SCORE is a nonprofit association dedicated to educating entrepreneurs and helping small businesses start, grow, and succeed nationwide. SCORE is a resource partner with the U.S. Small Business Administration (SBA), and has been mentoring small business owners for more than forty years. SCORE offers small business entrepreneurs confidential business counseling services at no charge. SCORE provides resources, templates and tools to assist entrepreneurs in developing tools and plans they need to navigate their way to small business success.

Small Business Administration (SBA) Coronavirus Relief Options:

PAID LEAVE

COVID-19 has created an unprecedented demand for unemployment insurance and paid family and medical leave. 

  • Information from the U.S. Department of Labor regarding paid Leave under the federal Families First Coronavirus Response Act.
  • The Employment Security Department has information for workers and employers impacted by COVID-19.
  • The Washington state Paid Family and Medical Leave insurance program is funded by employers and employees. This program will allow workers to take up to 12 weeks, as needed, when they welcome a new child into their family, are struck by a serious illness or injury, need to take care of an ill or ailing relative and for certain military-connected events.

OTHER NEWS

Office of the Secretary of State Suspending Delinquency Fees
During this crisis, the Office of the Secretary of State will be suspending delinquency fees for businesses that have not been able to file their annual report before their deadline. The office is also suspending the late fee for charitable organizations, charitable trusts, and fundraisers that may have missed their filing deadline.

INSURANCE INFORMATION FOR BUSINESSES

  • The Office of the Insurance Commissioner has information about insurance coverage businesses need to protect themselves from potential losses.
  • Guidance from OIC for businesses about keeping employees on their health insurance plans.
  • For information employers can share with employees about the health insurance options available through Washington Healthplanfinder (includes free and low cost options for those who will be losing or have recently lost their employer sponsored coverage), please visit the Washington Health Benefit Exchange Coronavirus FAQ Page.

TAXES AND FEES

  • Information from the U.S. Department of Labor regarding paid Leave under the federal Families First Coronavirus Response Act.
  • Guidance from OIC for businesses about keeping employees on their health insurance plans.
  • For information employers can share with employees about the health insurance options available through Washington Health Plan Finder (includes free and low cost options for those who will be losing or have recently lost their employer sponsored coverage), please visit the Washington Health Benefit Exchange Coronavirus FAQ Page.

WASHINGTON STATE BUSINESS ASSISTANCE

Visit business.wa.gov to learn about resources available for your business.

SUPPORT FOR SMALL BUSINESSES AND NONPROFITS

  • Washington State Benefits for Employers
    The Washington State Employment Security Department has programs designed to help individuals and employers impacted by the COVID-19 outbreak. They have an easy-to-read comparison guide listing some of the most common scenarios that may occur and benefits that may apply. More information for workers and businesses here.
  • FedEx #SupportSmall Grants NEW
    FedEx is offering #SupportSmall Grants for small businesses impacted by COVID-19 in the U.S. Selected recipients will get a cash grant of $5,000 plus a $500 FedEx Office credit. You will be able to apply on May 25 here.
  • GoFundMe Small Business Relief Initiative
    Small businesses negatively impacted by the coronavirus crisis can sign up on GoFundMe to start a fundraiser for themselves. Then, local community members are able to search small business relief GoFundMe fundraisers to find small businesses they’d like to support. If a small business raises $500 on their GoFundMe and meets eligibility criteria listed below, they may be able to receive a $500 matching grant from the Small Business Relief Fund.