Listed below are several local, state, and other assistance programs to provide financial support and relief to businesses impacted by the COVID-19 pandemic.
MNDEED Shared Work Program
The MNDEED Shared Work Program offers an alternative to layoffs for employers facing a temporary downturn in business. Administered by the Minnesota Unemployment Insurance Division, the program allows employers to divide available hours of work among a group of employees instead of implementing a full layoff. These employees may then receive partial unemployment insurance benefits while working reduced hours.
Paycheck Protection Program (PPP)
The Paycheck Protection Program is a loan designed to provide a direct incentive for small businesses to keep their workers on payroll. First Draw PPP Loans can be used to help fund payroll costs, including benefits, and may also be used to pay for mortgage interest, rent, utilities, worker protection costs related to COVID-19, uninsured property damage costs caused by looting or vandalism during 2020, and certain supplier costs and expenses for operations.