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Economic Development

Posted on: March 19, 2020

For Businesses Impacted by COVID-19

Business Resources

A variety of resources are available to help businesses, employers, and workers dealing with the impacts of COVID-19.

Unemployment Insurance Information for Employers 
The State of Minnesota asks that workers who are unemployed or who have hours reduced due to the COVID-19 outbreak apply for unemployment benefits online 

SBA Disaster Assistance Loans 
The SBA is providing up to $2 Million in Disaster Assistance Loans for Small Businesses affected by COVID-19.

State of Minnesota Small Business Emergency Loans
While this program is still under development, it will be administered by certified lenders around the State. Interested Coon Rapids businesses can contact Central Minnesota Development Company at 763-784-3337.

Bank Loans.
Many banks and credit unions have established new loan programs or are offering modified repayment options on existing loans for both personal and business loans.

Minnesota Shared Work Program
This program offers an alternative to layoffs for employers facing a temporary downturn in business.

State Sales Tax Deferral
The State Revenue Department is deferring the collection of Sales Tax payments due on March 20, 2020, with no late fees or penalties.

Other State and Federal Resources
The State of Minnesota is providing up-to-date information to employers regarding unemployment insurance, workplace health and safety and other important matters.

Sick Leave Policy Guidance
The Minnesota Department of Health offers resources regarding sick leave policies.

CDC Guidance for Business
The Centers for Disease Control offers additional guidance for businesses and employers.


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