COVID Recovery Assistance
Listed below are several local, state, and other assistance programs to provide financial support and relief to businesses impacted by the COVID-19 pandemic.
COVID Recovery Business Loan Program
The COVID Recovery Business Loan (CRBL) Program provides funds for qualifying businesses to pay for expenses related to the preparation of a COVID-19 Preparedness Plan.
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.
SBA Economic Injury Disaster Loan (EIDL) Program
The Small Business Administration Economic Injury Disaster Loan (EIDL) Program can provide low-interest, long term loans to small businesses and nonprofits experiencing a temporary loss of revenue due to COVID-19. Follow the step by step instructions to apply.
Washington County Local Business Relief Grants
The Washington County Local Business Relief Grant Program provides eligible Washington County businesses and nonprofits impacted by COVID-19 related executive orders up to $15,000 in grant funding for operating expenses. Applications will be accepted online Thursday, January 7, 2021 through Thursday February 4, 2021 at 4:30 pm for Small Business and Non-Profit Grant Relief funding. The program is subject to certain eligibility and terms.
Xcel Energy Pandemic Recovery Program
The Xcel Energy Pandemic Recovery Program offers a temporary rate discount for qualifying small- and mid-sized businesses in Minnesota.