News Flash

Economic Development

Posted on: March 19, 2020

For Businesses Impacted by COVID-19

Business Resources

Updated: 5-12-20

A variety of resources are available to help businesses, employers, and workers dealing with the impacts of COVID-19. The City continues to update its information as changes occur.

Resources on Safely Reopening Businesses
The State of Minnesota offers guidance on types of businesses affected by Stay at Home orders, resources on creating COVID-19 Preparedness Plans, unemployment insurance, and other advice on reopening and helping employees safely return to work.

State and Federal Financial Resources for Businesses
The State of Minnesota also provides up-to-date information on State and Federal emergency financial resources for businesses, including the SBA Paycheck Protection Program, SBA Disaster Assistance Loan Program, Minnesota Unemployment Insurance Shared Work Program, Minnesota Small Business Emergency Loan Program, and Minnesota Small Business Loan Guarantee Program.
https://mn.gov/deed/newscenter/covid/safework/business/small-business/

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. In addition, the recent Federal CARES Act passed provides a 6-month debt forgiveness to the borrower for all 504, 7a, Community Advantage, Microloan borrows and Disaster Loans from the SBA.

Open to Business Technical Assistance
The Open to Business program can provide free technical assistance to businesses as they navigate the current situation. This includes working with lenders on restructuring payments or negotiating temporary relief; navigating employee or payroll matters; utilizing tax credits; and shifting business models temporarily to online sales, gift certificates, or delivery. Businesses can contact Business Advisor Carrie Mikkonen by email.

Local Chambers of Commerce
Both the Metro North Chamber of Commerce and Anoka Area Chamber of Commerce list a variety of resources online. 

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.

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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