Many businesses, small ones in particular, have been hit especially hard by mandated closures and safety measures issued to try and stop the spread of the coronavirus (COVID-19). The information on this page, updated frequently, includes a growing number of resources and relief programs to turn to for assistance.
Important News to Use
* President Trump Signs Economic Stimulus Bill: President Trump signed a $2 trillion coronavirus stimulus package targeting relief toward America’s workers, hospitals, industries, and state and local governments. To learn more, visit here.
* F.A.Q. on Stimulus Checks, Unemployment and the Coronavirus Plan:The New York Times published an F.A.Q. to help answer questions about stimulus payments, who is eligible, unemployment benefits, student loans and more. Read here.
Business Damage Survey
Governor Ron DeSantis announced the activation of the Business Damage Assessment survey to assess the impact of COVID-19 on Florida’s local business operations. The survey, managed by the Florida Department of Economic Opportunity (DEO), will evaluate businesses affected by COVID-19 and the impacts the virus has had on the local economy so actions to implement appropriate relief programs can begin.
The Business Damage Assessment Survey can be taken online here.
U.S. Small Business Administration (SBA) Loans
• The SBA has activated their Economic Injury Disaster Loan program for Florida businesses affected by COVID-19
• Long-term loans up to $2 million offered to eligible small businesses and nonprofits
• SBA loans are only meant for businesses that are unable to access credit from lenders
• Interest rate is 3.75% for small businesses and 2.75 for nonprofits
• Loans are meant to help financial obligations and operating expenses that could have been met had the disaster not occurred, not to recoup lost profits
Click here to register and apply for assistance.
Florida Emergency Bridge Loan Program
• The State of Florida has activated as state-wide loan program for small businesses affected by COVID-19
• These short-term, interested free working capital loans are intended to “bridge the gap” between the time a major catastrophe hits and when a business has secured longer term recovery resources
• Loan amounts are limited at $50,000 awarded per small business: loans are offerd interest-free for a 1-year term
• To be eligible, small businesses must prove that they are actively pursuing long-term financial resources such as an SBA or bank loan
*Application deadline is May 8, 2020. Application and more information.
Short Term Compensation Program (FDEO): The Short Time Compensation Program is a voluntary employer program designed to help employers maintain their staff by reducing the weekly working hours during temporary slowdowns instead of temporarily laying off employees. If an employer establishes a Short Time Compensation Plan, and an employee meets the qualifications to file a re-employment assistance claim in the state of Florida, the employee will receive a partial re-employment check to supplement their reduced paycheck. Find employer information and the application here.
Beacon Council: Miami-Dade Beacon Council is providing resources to support local businesses and employees. Sign up to receive email updates and get information about the federal CARES Act. For more business information about COVID-19, visit the Beacon Council website or email firstname.lastname@example.org.
Greater Miami Chamber: The Greater Miami Chamber of Commerce also has a business resource guide.
Paycheck Protection Program (PPP)
The Paycheck Protection Program (PPP) aims to help eligible businesses cover payroll and overhead expenses during the COVID-19 crisis. Read more here and check with your bank for details.
U.S. Small Business Administration Resources
The SBA has a myriad of additional resources and learning tools designed to help your business during coronavirus. U.S. Small Business Administration (SBA) Guidance & Resources.
FPL to Lower Bills for Businesses, Residents in Response to COVID-19 - If Approved
FPL announced Monday that a one-time rate decrease for business and residential customers will be issued pending approval from the Florida Public Service Commission in May. Learn more from the South Florida Business Journal.
Additional Financial Resources
Click through to each link below to learn more about the corresponding subject:
Looking for Employment?
For reemployment assistance and disaster recover, visit the Florida Department of Economic Opportunity here. Note that due a surge in claims, the DEO is experiencing higher than average wait times.
CareerSource South Florida is also another good resource for job seekers. Visit here for more information.
- Dollar General: 50,000 new employees across the country by the end of April.
- Domino’s: 10,000 workers to meet increased demand amid the coronavirus pandemic.
- Walmart: 150,000 U.S. hourly workers for its stores and distribution centers through the end of May.
- Amazon: 100,000 people across the U.S. to keep up with a crush of orders as the coronavirus spreads and keeps more people at home, shopping online. That includes workers at its warehouses, delivery centers and Whole Foods grocery stores, all of whom make at least $15 an hour.
- Pepsi: 6,000 new, full-time, full-benefit frontline employees across the U.S. in the coming months.
- Walgreens: 9,500 existing full- and part-time roles in stores across the United States, including pharmacy technicians.
- GE Healthcare
- Outschool (for teachers): Hiring thousands of teachers to meet demand.
In an effort to #FlattenTheCurve, Miami-Dade County has mandated the temporary closure of all non-essential retail and commercial establishments. Additionally, food establishments are closed for dine-in service, but continue delivery and take-out services.
Help us support our local businesses during these difficult times by continuing to patronize our local restaurants through takeout or delivery services, or by purchasing gift cards for future use whenever possible.
MIAMI EATS - Order Out, Help Out
The Greater Miami Convention & Visitors Bureau (GMCVB) has launched a new campaign to help promote offers from Greater Miami restaurants. Learn more and apply.