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.
As you hopefully know, Greater Mankato Growth has worked tirelessly to identify resources, answer questions, facilitate discussions and advocate on behalf of our business community to allow all businesses to open safely. Today marks another milestone in that effort as many more businesses are allowed to open their doors. In furtherance of those efforts, Greater Mankato Growth is partnering with the Minnesota Ready coalition lead by the Minnesota Chamber of Commerce to call on Governor Walz to take the final step and fully and safely reopen all businesses no later than June 19. Read More
As businesses reopen, some are restricted to certain limitations based on a percentage of total occupancy. Below is information from experts at the City of Mankato to help you determine the occupancy capacity for your business. Once the occupant load is known, divide the occupant load by the reduction per Executive Order(s). Read More
Governor Tim Walz today announced a new executive order that would allow for additional businesses to reopen and further loosening of restrictions for others effective June 10 (Phase III).
The new order allows: Read More
The US House and Senate have passed the Paycheck Protection Program Flexibility Act. This bill grants more time for PPP loan recipients to spend the funds and reduces the amount of funds that must be spent on payroll and still qualify for forgiveness of the loans. President Trump is expected to sign the bill. Read More
Today Greater Mankato Growth sent a letter to Governor Walz respectfully requesting that he allow all businesses the opportunity to reopen in a way that is safe, sustainable, and equitable with their peers. You can read the letter here.
Greater Mankato Growth is also looking for members to film a video testimonial to the Governor explaining how your business can open safely. Please contact Patrick Baker (email@example.com) for more details.
The City of Mankato has created a recovery loan program to assist small businesses in Mankato. Businesses with 50 or fewer employees may apply for a deferred loan of up to $25,000 through this program for property and business improvements to help reopen and operate safely following Centers for Disease Control and Prevention, the Minnesota Department of Employment and Economic Development and Minnesota Department of Health guidelines.
Recovery loans are repaid over five years and have: Read More
Under the Paycheck Protection Program (PPP) created by the CARES Act, loans may be forgiven if borrowers use the proceeds to maintain their payrolls and pay other specified expenses.
The Treasury Department and Small Business Administration recently released the application form and instructions for loan forgiveness. The forgiveness forms, instructions, and worksheets can be downloaded here.
PPP borrowers must apply for loan forgiveness with the lender that processed the loan.
The US Chamber of Commerce has produced a step by step guide to help borrowers understand the process by which their loan forgiveness amount will be calculated and the overall approach of the loan forgiveness process.