Economic Development COVID-19 Resources

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Content:

Small Business Support

  • Economic Assistance
  • Informational Webinars
  • Free and Promotional Resources

Employment

  • See who is hiring in Durham County
  • Get connected to unemployment resources

 Temporary Changes in State, Federal and Corporate Policy

  • Student loans
  • Taxes
  • REAL ID
  • Utilities

 

Small Business Support

 

Economic Assistance

Overview of All SBA Emergency Loans

The Small Business Technology and Development Center has provided an overview of all recently passed legislation on SBA Emergency Loans. For more information click here

 

Navigating Your Business Through COVID-19

SBTDC takes you through the process of understanding which loan product may be best for your business. For more information click here 

 

List of SBA 7(a) Lenders Serving North Carolina Businesses

To view the list of SBA 7(a) lenders serving NC Businesses click here

 

Prepare for an Application by Collecting the Following Documents

Documents that the lender may require can be found here

 

SBA’s Three Step Process to Disaster Loans   

SBA has created a flowchart to walk you through the disaster loan application process. For more information click here

 

Technical Assistance Providers

For Technical Assistance, please contact LaShon Harvey with the Durham Tech Small Business Center harleyl@durhamtech.edu, La-Tasha Best Gaddy with the Small Business and Tech Development Center lbestgaddy@nccu.edu or the Women’s Business Center at wbcadmin@theinstitutenc.org. You can also contact your CPA, accountant, lender, or other financial professional.

 

Durham County ABC Buyback Program for Restaurants

The Durham ABC Board, in an effort to help Durham restaurant and bar businesses through this unprecedented Coronavirus19 event, at its March 19th meeting has approved a policy which will allow Permittees to return product.  This policy has been sent to and approved by the NC ABC Commission. Currently, there is a 5% restock fee that Durham ABC Board is charging for buying back product.

 

The Golem Leaf Foundation Announces a $15 Million Rapid Recovery Loan Program 

The Golden LEAF Foundation announces $15 million in funding to launch a rapid recovery loan program in response to economic losses related to Coronavirus (COVID-19). Golden LEAF funding will support the NC COVID-19 Rapid Recovery Loan Program by enabling loans to be made to eligible businesses for up to $50,000 with zero interest and no payments for six months. If not repaid in six months, the loan will automatically convert to a term loan.

For more information click here

 

Facebook Small Business Grants Program

Facebook has committed to offering up to 30,000 small businesses $100 million in cash grants and Facebook advertising credits. The grants will be provided to businesses in more than 30 countries. Information is limited, but sign up to get more details from the company when they’re available.

 

Federal Coronavirus Small Business Assistance  

If you need cash to offset lost revenue and help keep your business afloat, the programs below can help. The U.S. Small Business Administration (SBA) coronavirus resource page provides a list of relief programs, and it offers guidance to small business owners during this crisis.

 

SBA Reminds Lenders of Their Unilateral Authority to Defer Payments

For more information click here

 

NC Business Relief Resources From EDPNC

  • Is your business experiencing supply chain disruptions due to the impact of COVID-19?
  • Looking for funding resources that can provide low interest lending options?
  • Do you need business counseling services, including layoff aversion strategies?

For more information click here

  

Archived Small Business Webinars

COVID 19 Durham Business Sessions: Employment and Unemployment

Come and receive information related to employment and unemployment questions that have risen as a result of COVID 19 from Chinita Arceneaux from the Department of Employment Security, Alexis Franks from N.C. Works-Durham Career Center, and employment law attorney Shelia Huggins. This session was previously recorded.

To view the webinar click here

COVID 19 Durham Business Sessions: SBA's new Economic Disaster Injury Loan Program

The COVID-19 pandemic has resulted in SBA disaster loans to help our small businesses, small aquacultural businesses, small agricultural cooperatives, and/or most private nonprofit organizations. Come and learn about the SBA's new Economic Injury Disaster Loan program from a representative from the Small Business Administration. This session was previously recorded.

To view the webinar click here

COVID 19 Durham Business Sessions: Letting the Businesses Speak I

Durham Business Sessions has been created through the collaboration of several business service providers, business organizations, and the local government. The collaboration seeks to provide the most up to date information and assistance to businesses in Durham County. We plan to provide topical sessions that are beneficial to assist you with your needs. We want to hear from business owners and entrepreneurs as to what are their burning issues, therefore, we have set up times for businesses to speak. This session was previously recorded.

To view the webinar click here

COVID-19 Durham Business Sessions: Recap, Tips and Checklist

To view the webinar click here

Navigating the CARES Act: How can the new CARES Act assist your business? on Apr 8, 2020 2:00 PM EDT at:

To view the webinar click here

How to Apply for Financial Assistance with Priority to SBA's Economic Disaster Injury Loan Program on Apr 9, 2020 2:00 PM EDT at:

To view the webinar click here

 

Free and Promotional Resources

Free Software That Businesses, Schools and Others Can Use During the COVID-19 Crisis

For more information click here 

 

Spectrum’s COVID-19 Remote Education Credit

Beginning Monday, March 16, we’ll offer free access to internet and WiFi for 60-days for new Pre-K to 12, college student and teacher households who don't currently have internet or WiFi service. This discount will be applied as a credit for your first two months of internet services. We’ll waive any installation or pre-payment fees to help get you started.

For more information click here

 

Employment 

 

See who is hiring through NC Works

Unemployment can be filed for through NC Department of Commerce's Employment Security

 

Temporary Changes in State, Federal and Corporate Policy

 

Student Loans

Congress Stops Student Loan Payments for Six Months

For more information click here

 

What You Need to Know Before Choosing Student Loan Forbearance Due to Coronavirus 

For more information click here

 

Taxes

Economic Impact Payments: New IRS Tool for Non-filers

For individuals and families to receive Economic Impact Payments funded through the CARES Act, taxes need to have been filed in 2018 or 2019. If you have not done so or do not normally file taxes, the IRS has launched a new online tool allowing quick registration for people to receive Economic Impact Payments. The non-filer tool provides a free and easy option designed for people who don't have a return filing obligation, including those with too little income to file. The feature is available here

 

IRS Extends Tax Deadline from April 15 to July 15

For more information click here

 

NC Extends Tax Filing Deadline to July 15

For more information click here

 

FAQ On Filing and Payment Due Dates

For more information click here

 

Utilities

·       Duke Energy and Dominion Energy have suspended all home and business nonpayment disconnections. 

·       Duke Energy has also announced that it will waive late payment fees and fees for returned payments until the national state of emergency is lifted.

·       Spectrum small business and residential customers who face difficult economic circumstances related to the COVID-19 pandemic will not have their internet, TV, or voice service terminated. In addition, the company will not charge late fees for those customers facing difficult economic circumstances related to the pandemic.

  

Miscellaneous

Real ID Deadline of October 1 Pushed Back - New Deadline TBD

For more information click here

 

Your Money: A Hub for Help During the Coronavirus Crisis

For more information click here

 

·       How unemployment insurance works

·       Who and what the new paid leave law covers

·       How to pause your federal student loans

·       You have three more months to file your federal taxes

·       Help for homeowners and renters

·       Ways to keep the lights on and the phones working

·       More advice that will help