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for additional resources and news updates.
Business COVID-19 Grant Funds Available:
Funds remain available in the COVID-19 COVID-19 Business Assistance Grant (formerly the Kick-Start Grant) program and a new Personal Protection Equipment (PPE) Grant program. Eligibility requirements restrict the types of businesses that may apply, and a business that receives a grant from one of the programs will not be eligible to apply for the other program. More information: http://ow.ly/rLVr50Aa7FJ.
SBA’s EIDL Loan and Advance Applications:
As of June 15th, the SBA has reopened the Economic Injury Disaster Loan (EIDL) portal. Previously submitted applications will continue to be processed on a first-come, first-serve basis. More information: http://ow.ly/SecV50A9wx0.
Federal Resources for Small Business:
Through the CARES Act, and with the support of U.S. Small Business Administration (SBA), America’s SBDC and the Association of Women’s Business Centers (AWBC), a new website has been developed containing information to assist small business with surviving and recovering from the effects, physical, financial and economic of the COVID-19 pandemic. This centralized platform will consolidate information obtained from multiple federal agency resources and make it accessible in an organized format with searchable functionality. More information: https://covid-sb.org.
Main Street Lending Program Available:
The Federal Reserve has established the Main Street Lending Program to support lending to small- and medium-sized businesses that were in sound financial condition before the onset of the COVID-19 pandemic. More information: www.federalreserve.gov/monetarypolicy/mainstreetlending.htm.
Garrett Chamber’s Webinar on Paycheck Protection Program (PPP) Updates:
Stephen P. McAllister, Executive Director, Eastern Region of Congressional and Public Affairs for the U.S. Chamber of Commerce, discussed the changes to the PPP through the Flexibility Act of 2020 and the process for loan forgiveness, including calculations and repayment terms. If you have a PPP loan or are still considering applying by the June 30, 2020 deadline, this is a must view video. Access the video: https://youtu.be/c2N1012-KaY.
All Garrett County Government offices are open for business. In-person meetings will be by appointment only. Visitors to County offices will be required to wear a mask and have their temperatures taken upon entrance to any County facility.
Garrett County Economic Development staff will continue to work remotely to maintain contact with the County’s business community and are available via telephone and email. Please note that our regular response times may be affected, but be assured that office staff will respond to you in a timely manner.
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