Member guest blog post, submitted by EideBailly. This article originally appeared on EideBailly.com
The government has released several updates to its Paycheck Protection Program (PPP) loan forgiveness guidance over the last few weeks. Here is a brief summary to help guide you through the PPP loan forgiveness process. Read More
This year’s Minnesota Chamber of Commerce “fly-in” is a virtual opportunity for business leaders to raise the visibility of Minnesota in our nation’s capital while exploring key issues integral to growing Minnesota’s economy and receive a timely update on business issues surrounding the pandemic. Participating business leaders have the opportunity to advocate and promote their own priorities with federal elected officials. All members of the Minnesota delegation have been invited and participants will have a chance to meet with their member of Congress by district in breakout sessions. The event will also feature key officials and agencies, and a trusted pollster, who can update on this year’s critical elections. Read More
The following blog was shared by the US Chamber of Commerce with its members regarding the recent changes to the payroll tax.
On Friday evening, August 28, the IRS released its first notice regarding implementation of the President’s executive order on payroll tax deferral. The document, which is just over two pages, can be found here: https://www.irs.gov/pub/irs-drop/n-20-65.pdf.
Nicollet County CARES funding is being used to provide assistance to small for-profit and not-for-profit businesses in Nicollet County adversely impacted by the COVID-19 pandemic. Grants of up to $10,000 will be provided for eligible expenses to:
- Businesses without employees (self-employed persons, sole proprietors, independent contractors, homebased business, etc.): Grants of up to $5,000.
- Businesses with 1-20 full-time equivalent (FTE) employees in addition to the owner: Grants of up to $10,000.
Your business or non-profit may be eligible to receive supplies to help prevent the spread of COVID-19. Funds to procure health and safety supplies are available as a part of the CARES stimulus package through Nicollet County.
Distribution of supplies and personal protective equipment (PPE) will depend on available supply and community needs. The first application submission deadline is August 21, 2020. The county expects to offer additional weekly applications and distribution opportunities in early September. Please check back to their website for updates: https://www.co.nicollet.mn.us/800/Nicollet-County-CARES
Eligibility overview: Read More
The Blue Earth County Board of Commissioners recently approved allocating $2 million in economic support to organizations affected by COVID-19. This funding is from federal legislation: the CARES Act.
Small locally owned businesses adversely affected by COVID-19 may apply for a one time grant of up to $10,000 (per applicant) to cover expenses for up to three months through Blue Earth County’s Business Assistance Grant Program. Read More
Today Governor Walz announced a new EO-20-81-Final implementing a statewide requirement to wear facial coverings when inside indoor businesses and indoor public settings. This requirement will be effective beginning July 25. You can find general information and FAQs on the mask mandate here. In addition, below are FAQs provided by the MN Department of Employment and Economic Development relating specifically to business questions. Read More
Beginning Friday, July 10 the Mankato City Council’s emergency declaration ordinance requiring face coverings goes into effect. The City has published a website with details about the ordinance and compliance, including FAQs and optional signage businesses can utilize.
The City of Mankato Council last evening passed an emergency ordinance which will require the use of a mask or face covering in places of public accommodation. The ordinance will take effect Friday, July 10, 2020 and be in effect for 60 days (starting July 6) unless modified by Council. The full ordinance can be viewed here. You can view additional information about the ordinance and compliance at the City of Mankato’s Website. The site includes FAQs as well as optional signage businesses can utilize.
The Minnesota Department of Employment and Economic Development (DEED) has announced that the Minnesota Small Business Relief Grants Program – which was approved by the Minnesota Legislature last week and signed by Governor Tim Walz on Tuesday – will begin accepting applications next week. Read More
The Small Business Administration’s Economic Injury Disaster Loan Program (EIDL) is now reopened for all eligible business to apply for the $10,000 grant advance and loan. The program was previously closed for new applications for a period of time due to a funding lapse. Businesses can get more information and apply for this program here.