COVID-19 Business Resources

     

PEDC

Information Updated 3.26.2020

Updates in this issue:

•    An Important Message from the Pasco EDC to Pasco’s Manufacturers President Trump announced the use of the DPA (Defense Production Act) for the first time to procure 60,000 coronavirus test kits and protective masks. We want to help Pasco’s manufacturers be ready to bid on orders from the Federal Government. If you feel your company can assist in the fight against this virus please complete a short survey HERE

•    The Coronavirus Aid, Relief, and Economic Security (CARES) Act is in the legislative process and anticipated to be signed into law in the coming days. Important note: these programs are NOT available until signed into law by the President. To review the complete bill, CARES Act 2020.  

----------------------------------------------------------------------------------------------------------------------------------------------------------------------------

The Pasco EDC remains committed to helping our Pasco County business community. Our team is participating in conference calls daily to make sure we are up to date and can provide you with the valuable information and resources you and your business need right now.

In addition to this email, our COVID-19 Resource web page will be updated as new information and resources becomes available, daily by 11:00 a.m. We are also sending out short surveys to our businesses to assess needs and capabilities, please continue to complete. Please reach out to our team members should you need additional assistance.

PASCO EDC COVID-19 RESOURCE PAGE

----------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Business Damage Assessment Survey

Florida Governor Ron DeSantis has announced the activation of the Business Damage Assessment survey to assess the impact of COVID-19 on Florida’s local businesses, including those in Pasco County. 

The survey, managed by the Florida Department of Economic Opportunity (DEO), will evaluate businesses affected by COVID-19 and the impacts the virus has had on the local economy so actions to implement economic relief programs for businesses can begin. 

BUSINESS DAMAGE ASSESSMENT SURVEY

----------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Florida Small Business Emergency Bridge Loan

The Florida Small Business Emergency Bridge Loan Program is available to small business owners in all Florida counties statewide that experienced economic damage from COVID-19.  

These short-term, interest-free working capital loans are intended to “bridge the gap” between the time a major catastrophe hits and when a business has secured longer term recovery resources, such as sufficient profits from a revived business, receipt of payments on insurance claims or federal disaster assistance.

SBDC Tampa Bay can assist companies through the process.

LEARN MORE ABOUT BRIDGE LOAN

----------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Small Business Administration Loan Program

The U.S. Small Business Administration (SBA) provides low-interest, long-term disaster loans to businesses of all sizes, private non-profit organizations, homeowners, and renters to repair or replace uninsured/underinsured disaster damaged property. SBA disaster loans offer an affordable way for individuals and businesses to recover from declared disasters. 

•    Automatic Deferment on Existing SBA Disaster Loans Through End of 2020 -SBA loans from previous disasters automatically defer through December 31, 2020. Now, borrowers of home and business disaster loans do not have to contact SBA to request deferment. 

3-STEP LOAN APPLICATION PROCESSSBA

----------------------------------------------------------------------------------------------------------------------------------------------------------------------------

 Florida Emergency Supplier Network

The Division of State Purchasing organized the Florida Emergency Supplier Network and Florida Emergency Purchasing Network to assist state agencies and local governments with purchasing functions during emergencies.

•    Current Emergency Suppliers 

•    Apply to become an Emergency Supplier 

----------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Treasury and IRS to Move Tax Day Deadline by 90 Days

Following President Donald J. Trump’s emergency declaration pursuant to the Stafford Act, the U.S. Treasury Department and Internal Revenue Service (IRS) issued guidance allowing all individual and other non-corporate tax filers to defer up to $1 million of federal income tax (including self-employment tax) payments due on April 15, 2020, until July 15, 2020, without penalties or interest. The guidance also allows corporate taxpayers a similar deferment of up to $10 million of federal income tax payments that would be due on April 15, 2020, until July 15, 2020, without penalties or interest. 

"We are moving Tax Day from April 15 to July 15," Secretary Steven Mnuchin tweeted (3/20/2020). "All taxpayers and businesses will have this additional time to file and make payments without interest or penalties." Please see the treasury website for more information. 

MORE INFORMATION

----------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Federal Paid Leave Law Signed by President Trump

On Wednesday evening, March 18th, President Trump signed into law the Families First Coronavirus Response Act (the "Act"), which, among other things, mandates paid time off for certain qualifying events. There are two primary components in terms of paid time off: (1) the Emergency Family and Medical Leave Expansion Act ("E-FMLA"); and (2) the Emergency Paid Sick Leave Act ("EPSLA").

LEARN MORE

----------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Your U.S. Census response matters!

Why is the 2020 Census so important to Pasco County, FL? Because over the next decade, lawmakers, business owners, and many others will use 2020 Census data to make critical decisions. The results will show where communities need new schools, new clinics, new roads, and more services for families, older adults, and children. 

Pasco business owners rely on census results to make decisions, such as where to open new stores, restaurants, factories, or offices, where to expand operations, where to recruit employees, and which products and services to offer. 

2020 CENSUS.GOV

----------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Pasco County Tourism Economic Impact Survey

We know these are uncertain times as we navigate each daily change resulting from the evolving response to the Coronavirus. Your team at Florida’s Sports Coast is dedicated to providing you with helpful tools, important industry knowledge and an abundance of support as we all work to get through this together. 

In order to develop a clear understanding of the potential economic impact our destination faces, we’ve partnered with Destinations Florida and Downs & St. Germain Research (FSC’s research firm) to provide the following survey to help gather vital information from you on how COVID-19 has impacted your business.

5-MIN TOURISM IMPACT SURVEY

----------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Florida Legislature Passes $93.2 Billion Budget

“We all know it’s extremely likely that we will have to reconvene in the coming months to deal with the dramatic effects of the coronavirus,” said Sen. Gary Farmer, D-Lighthouse Point.

In the meantime, the budget includes $52.5 million in additional money, most of it from the federal government, for COVID-19 response in the current budget year. Another $300 million in contingency funds can be used by Governor Ron DeSantis for emergency response on top of a $3 billion fund intended for emergencies. -Tampa Bay Times, 3/19/2020

FLORIDA BUDGET

----------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Other Business and Economic Resources

•    The Florida Department of Economic Opportunity- Short Time Compensation Program for Employers helps employers retain their workforce in times of temporary slowdown by encouraging work sharing as an alternative to layoff 

•    Florida businesses can also visit http://floridadisaster.biz for more information 

•    For employers who may need help retaining their workforce during times of temporary slowdown may be eligible for the Florida Department of Economic Opportunity’s Short Time Compensation Program 

•    Disaster Unemployment Assistance is a federally funded benefit program that assists individuals who become unemployed because of a disaster 

•    Florida Makes has resources for businesses whose supply chains may be impacted by COVID-19 

•    President Trump directed the Department of Housing and Urban Development (HUD) to suspend evictions and foreclosures for the next 60 days 

•    HUD Changes PIT/HIC Deadline to June 30, 2020 

Digital Tools 

•    SMARTstart Pasco will be conducting numerous Facebook Live events featuring local business covering topics like remote work, marketing your business, how to do a podcast and more 

•   WorkforceCONNECT tools for operating your business remotely  

•    Facebook is offering $100M in cash grants and ad credits for up to 30,000 eligible small businesses in over 30 countries where they operate 

•    Keep your business listing updated with these Google Business suggestions 

•    CO.STARTERS Small Business Resources 

•    Hootsuite- Blog: Adapting to More Digital and Social Ways of Being in a Time of Crisis. Company testimonials on how to use social to mitigate business disruption. 

Pasco County Important Links

•    Building/Park Closures and Meeting Cancellations 

•    Pasco County Schools Closed through April 15th:

•    Pasco Schools to Provide Meals to Students During Time Off 

----------------------------------------------------------------------------------------------------------------------------------------------------------------------------

PASCO EDC IS HERE FOR YOU

COVID-19 Business Updates

Pasco EDC will remain operational through virtual services in order to help prevent the potential spread of COVID-19.  

We will be utilizing online meeting platforms to continue to meet your business needs and will be offering business education series workshops online. 

Please visit our website at pascoedc.com/covid-19 for updates on resources for the business community and upcoming event details.

We encourage the business community to take proper precautions and follow CDC recommendations as they are given. 

The Pasco EDC is here for you during this challenging time. 

Tips for Operating Your Business and Team Remotely CLICK HERE 

----------------------------------------------------------------------------------------------------------------------------------------------------------------------------

UPCOMING EVENTS

Status Updates

4/1/20 - West Pasco Advisory Committee - Virtual Session - Zoom

4/1/20 - Common Grounds - Virtual Session - Facebook Live

4/2/20 - NetFest - Postponed

4/7/20 - How to Do a Podcast - Virtual Session - Facebook Live

4/8/20 - East Pasco Advisory Committee - Virtual Session - Zoom

4/8/20 - Common Grounds - Virtual Session - Facebook Live

4/9/20 - Lunch N Learn - Cancelled

5/7/20 - GrowPasco Dinner with a Shark - TBD

5/8/20 - GrowPasco Main Event - TBD

Spring - Meet the Project - Postponed

----------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Contact Us Today