Resources for Businesses
Find information on funding opportunities and unemployment resources for businesses.
Below are some resources to help you navigate through our current situation, and please personally reach out if there's anything our team can do for you.
U.S. Travel Association TRAVEL in the New Normal - Industry guidance for promoting the health and safety of all travelers
Funding & Loans
On March 27, President Trump signed into law the CARES Act to provide critical relief needed by businesses and workers across the country to help make it through these difficult times. US Travel has created detailed documents that outline important information:
Small Business Emergency Loans
Following Governor Walz's Executive Order 20-15, DEED has established a loan program to assist small businesses directly and adversely affected following the COVID-19 pandemic. Find Out More
Economic Injury Disaster Loans
If you have suffered a substantial economic injury and are a qualifying business located in a declared disaster area, you may be eligible for an SBA (Small Business Administration) Economic Injury Disaster Loan. Find Out More
Saint Paul Bridge Fund
In response to the economic impact to families and small businesses created by COVID-19, Mayor Carter's proposal for the Saint Paul Bridge Fund was adopted and amended on April 1, 2020 offering emergency relief to those in the community who need it most. Find Out More
The Bridge Fund for Small Businesses application opens on April 8, 2020 and closes Sunday, April 19, 2020 at 5:00 pm. It provides one-time working capital grants of $7,500 for qualified small businesses to use for any business expenses such as rent, mortgage payments, utilities, payroll, earned sick and safe time relief to employees, accounts payable or other immediate business expenses.
To be eligible for a Bridge Fund for Small Businesses grant, a small business must meet all of the following criteria:
- Be located within the City of Saint Paul.
- Operate out of a physical establishment
- Be a for-profit business
- Be a legal entity registered with the Minnesota Secretary of State
- Have less than $2M in annual gross revenue
- Have operated and conducted business at the same location within the City of Saint Paul for at least three months.
- Operate a retail-oriented business
- Have revenues that are primarily from sales to the general public rather than business-to-business transactions
- Be independently owned
- Have four or fewer locations within the City of Saint Paul
- Been ordered to close or had to significantly reduce its business by a State of Minnesota Emergency Executive Order in 2020
Paycheck Protection Program
From the Small Business Administration (SBA) - The Paycheck Protection Program prioritizes millions of Americans employed by small businesses by authorizing up to $349 billion toward job retention and certain other expenses. Find Out More
Unemployment Information for Employers
On March 16, 2020, Minnesota Governor Tim Walz issued an executive order to ensure workers affected by the COVID-19 pandemic have full access to unemployment benefits. Find Out More
Families First Coronavirus Response Act (FFCRA)
March 24, the U.S. Department of Labor (DOL) announced its first round of guidance to provide information to employees and employers about how each will be able to take advantage of the protections and relief offered by the Families First Coronavirus Response Act (FFCRA) when it takes effect on April 1, 2020. See the Fact Sheet for Employers