The Georgia Department of Economic Development (GDEcD) has published guidelines for businesses regarding their operations in light of COVID-19. Click here to see the guidelines. GDEcD is leading the state’s charge to identify manufacturers and distributors across Georgia that produce, distribute, or store critical health care supplies that are already limited in supply or may become scarce in the weeks ahead. GDEcD is also looking for facilities that can be repurposed for the production of these vital products. Businesses that are able to provide assistance and resources with either existing or adaptable production lines and facilities to complete this form. Click here to learn more about the many Georgia companies that have already joined the fight against the pandemic by providing critical health care supplies.
Through the University of Georgia’s Small Business Development Centers (SBDC), in conjunction with the Georgia Department of Economic Development (GDEcD) and Department of Community Affairs (DCA), the state has launched an information website to provide guidance on accessing a variety of U.S. Small Business Administration (SBA) programs. Critical funding provided through SBA by the CARES Act is designed to help small businesses keep workers employed. Click here to read the announcement. SBDC is hosting webinars across the state of Georgia to provide small businesses with vital information and assistance. Click here to learn more.
Georgia Tech’s Georgia Manufacturing Extension Partnership (GaMEP) is working to help manufacturers manage during the COVID-19 outbreak through virtual meetings, one-on-one technical assistance, and webinars. The Georgia Tech Safety and Health Team is working with manufacturers to create and implement an Infectious Disease Preparedness and Response Plan. Click here to learn more.
The Metro Atlanta Chamber has launchedRESTORE, a critical initiative aimed at accelerating our state’s recovery from the current economic crisis. RESTORE is led by a task force involving the collaboration of more than 50 C-level executives and the support of the Boston Consulting Group. More than 310 business leaders, representing companies from various industries with footprints across the state, provided input in a recent survey by RESTORE. The survey results emphasize restoring consumer and employee confidence as the top priority for business leaders. Click here to learn more.
The City of Atlanta has created the #ATLSTRONG FUND, a donation campaign led by the Mayor’s Office in partnership with United Way of Greater Atlanta to support City of Atlanta residents experiencing economic hardships and health-related issues caused by COVID-19. Click here for more information.
The City of Atlanta has created the creATL Relief Fund to facilitate private philanthropic grants to the independent creative industry workforce engaged in creative industries and entertainment. Artists, creative entrepreneurs and entertainment professionals generate an estimated $62.5 billion in economic impact each year in the State of Georgia and represent 5% of all employment and 4% of all business revenue in the state. This Fund provides a means of addressing the negative economic impact of the measures taken to control the novel COVID-19 virus in the U.S., Georgia, and particularly in the city of Atlanta. Click here to learn more.
The Atlanta Wealth Building Initiative (AWBI) has launched the COVID-19 Small Business Relief Fund to provide grants ranging from $2,500 to $25,000 to help cover salaries, rent, supplier expenses, and technical assistance for up to three months. Click here to learn more. Click here to see the latest version (as of May 22nd) of AWBI’s COVID-19 Small Business Resource List.
The United Way of Greater Atlanta and Community Foundation of Greater Atlanta efforts to create the Greater Atlanta COVID-19 Response and Recovery Fund raised significant support from more than 150 generous individuals, donors, corporations, and foundations. The fund was created to provide immediate support to those most vulnerable to the economic and health-related issues caused by the novel coronavirus pandemic. It will help with emergency assistance, health services, and additional critical needs such as childcare and food. The fund provides general operating support grants to community based organizations. Click here to see recent grants and other information on the fund. Click here for an update on round six grants. Click here to give.
In follow up to declarations of national and state emergencies by the President and Governor, respectively, several organizations have made significant changes to their operations to prevent the spread of COVID-19 while still serving their constituencies. For an update on State Services in Georgia, click here.
Portals to Help Small Business
The Center for the Advancement of Social Entrepreneurship (CASE) at Duke University’s Fuqua School of Business has produced Covidcap.com, an online comprehensive, searchable database of grants, loans, and other equivalents to help entrepreneurs, nonprofits, and businesses anywhere in the world. A crowdsourced site intended as a public service, the site is updated daily. Click here to access.
Help Main Street! Is an online portal to help more than 120,000 businesses in all 50 states by ordering online, buying gift cards, or donating directly to provide critical cash support during the COVID-19 crisis. Click here to access.
Spotlight on Federal Efforts
The U.S. Department of Agriculture is making up to $1 billion in loan guarantees for rural businesses meet their working capital needs during the coronavirus pandemic. Additionally, agricultural producers that are not eligible for USDA Farm Service Agency loans may receive funding under USDA Business & Industry (B&I) CARES Act Program provisions. Click here to learn more. USDA’s COVID-19 Federal Rural Resource Guide includes a matrix of funding opportunities identified in the CARES Act and other federal resources that can support rural communities, organizations, and individuals. Click here to access the guide.
The U.S. Economic Development Administration (EDA) is now accepting applications for EDA CARES Act Recovery Assistance. EDA CARES Act Recovery Assistance, which is being administered under the authority of the bureau’s flexible Economic Adjustment Assistance (EAA) (PDF) program, provides a wide-range of financial assistance to communities and regions as they respond to and recover from the impacts of the pandemic. Click here to learn more.
The Federal Deposit Insurance Corporation (FDIC) has created a webpage on Receiving IRS Economic Impact Payments to help unbanked individuals open a bank account so they can receive the economic impact payment if they qualify. In this time of social distancing, the FDIC provides links to organizations that have identified banks offering accounts that can be open online. Click here for more information.
The Paycheck Protection Program and Health Care Enhancement Act, the fourth stimulus package to support coronavirus response and recovery, became public law on Friday, April 24th. Click here to read the bill.
FEMA and the U.S. Department of Health and Human Services have created a Supply Chain Stabilization Task Force to take a whole-of-America approach to address limited supply of critical protective and life-saving equipment. Click here to learn more.
The U.S. Small Business Administration announced that all faith-based organizations impacted by COVID-19 are eligible to participate in the Paycheck Protection Program and Economic Injury Disaster Program to the extent they meet eligibility criteria outlined in the CARES Act. Click here to learn more.
The U.S. Department of Education is actively monitoring the COVID-19 outbreak. To provide relieve to student loan borrowers of federal student aid during the COVID-19 national emergency, federal student loan borrowers can be placed in administrative forbearance which allows borrowers to temporarily stop making monthly loan payments. Note, this only applies to federal loans (not private loans). Click here to learn more.
The Centers for Disease Control and Prevention and Georgia Department of Public Health remain the primary sources for accurate and up-to-date information regarding the latest on the coronavirus. The Georgia Department of Education, the Georgia Department of Human Services, the Georgia Department of Labor, the Technical College System of Georgia, and the University System of Georgia each have posted information for accessing important services through their areas of purview. In addition, a number of organizations serving workforce partners have created resource pages to aid in response and recovery. Following are some examples with direct links to their COVID-19 resource pages.
- Association County Commissioners of Georgia (ACCG)
- City of Atlanta
- Federal Reserve Bank of Atlanta
- Georgia Budget and Policy Institute (GBPI)
- Georgia Center for Nonprofits
- Georgia Chamber
- Georgia Department of Community Affairs (DCA)
- Georgia Department of Economic Development
- Georgia Municipal Association (GMA)
- Georgia Vocational Rehabilitation Agency (GVRA)
- Georgia Tech’s Georgia Manufacturing Extension Partnership (GaMEP)
- Invest Atlanta
- Metro Atlanta Chamber
- Technology Association of Georgia (TAG)
- United Way of Greater Atlanta
- University of Georgia’s Small Business Development Centers (SBDC)
- Council of Development Finance Agencies (CDFA)
- International City/County Management Association (ICMA)
- International Economic Development Council (IEDC)
- National Association of Counties (NACo)
- National Association of Workforce Boards (NAWB)
- National Conference of State Legislatures
- National Council of Nonprofits
- National Federation of Independent Business
- National Governors Association (NGA)
- National Skills Coalition
- Restore Your Economy
- U.S. Chamber of Commerce
- U.S. Department of Labor, Employment & Training Administration
- U.S. Small Business Administration
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