COVID-19 INDUSTRIAL EMPLOYER UPDATES + RESOURCES
SBIDC is committed to being a resource for our City’s industrial employers throughout this crisis. Our offices are closed but everyone on the team is working remotely and is available to provide assistance. We are monitoring news from the CDC, New York State, and City offices. Our Business Services team is coordinating closely with the City on programs to help businesses affected by COVID-19. The team is aggregating COVID-19 industrial employer updates and resources here.
SBIDC wants to hear from you. We will continue to be a resource for industrial and manufacturing businesses throughout the COVID-19 pandemic. We want to respond to and share your concerns and ideas with our government and community partners. Please take a moment to complete this survey so we can better understand your needs and continue to be a resource for you during this difficult time.
Please reach out if you have any questions, need assistance, or have resources to share with the community. Contact us HERE.
BUSINESS ASSISTANCE RESOURCES (WEBINARS + PROGRAMS)
SBIDC BUSINESS ASSISTANCE CLINICS
With new developments in relief programs, health guidelines and policies happening on what seems to be a daily basis, it is difficult for employers to know which news thread to follow, what information is relevant, and how your questions can be heard. As a resource for industrial business owners, SBIDC is launching a weekly Business Assistance Clinic. During these hour-long Zoom meetings, the SBIDC team will discuss issues that businesses are facing and provide space to share experiences and get questions answered.
If you cannot attend in person you can access a recordings of our Business Assistance Clinics below:
May 8, 2020 – PPP Compliance
Here is a link to the recording. Password: 3m#Gu201
May 15, 2020 – PPP Compliance
Here is a link to the recording. No password required
May 29, 2020 – Reopening Guidelines; A discussion with Tom Outerbridge, General Manager of Sims Municipal Recycling
Here is a link to the recording. No password required
MADE IN NYC RESOURCES FOR MANUFACTURERS
Made in NYC compiled the following collection of resources to aid and support small businesses in this current moment:
- NYC Manufacturer & Small Business Resource Database
- Online Events & Webinars Calendar
- Made in NYC’s Free Online Learning Lab
- NYC Small Business Services Corona Virus Response
- New York City COVID-19 Response
Learn more here.
LEGAL RELIEF ALLIANCE
The Small Business Legal Relief Alliance (SBLRA), a group of legal service organizations and law firms providing free focused holistic telephonic consultations with pro bono lawyers assisting NYC small businesses impacted by the COVID-19 pandemic.
Who is eligible?
- Small businesses
- Self-employed & Cooperatives
What issues can SBLRA assist with?
1. Loan & Grant Programs (What programs are right for me and how do I apply?)
2. Tax (What are the tax implication of raising funds for employees?)
3. Commercial Leases (Do I need to pay rent next month? How do I negotiate?)
4. Contracts (What to do if the crisis prevents me or another party from performing?)
5. Employment (What should I consider if I need to let employees go?)
6. Insurance (Does my policy cover loss of income?)
7. Intellectual Property (How do I protect my work and trademarks?)
8. Other General Business Issues
For assistance contact any of the email addresses below:
Dale Charles (Impacct Brooklyn) at firstname.lastname@example.org
Julian Hill (TakeRoot Justice) at email@example.com
Arthur Kats (Volunteers of Legal Service) at firstname.lastname@example.org
Legal Services NYC at 917-661-4500
NYC FOOD SUPPLY MATCH
Are you primarily a food producer, farmer, processor, distributor, or retailer facing challenges with your demand and/or supply of food?
Given all the ways that Covid-19 has upended supply chains, the City has created a system to match excess supplies with unmet demand. Food Supply Match is a “Craig’s List” or matchmaker for food producers, manufacturers, distributors, facility owners, retailers, and others in the food value chain. Those with excess supplies of a product or services (processing, distribution, refrigeration, etc), and those looking for that product or service, can share their information on a secure platform managed by the City of New York. Both parties can search the site for listings for their specific needs once they have filled out the survey form and created an account.
NYS DEPARTMENT ON LABOR: SHARED WORK PROGRAM
The Shared Work Program gives you an alternative to laying off workers during business downturns by allowing them to work a reduced work schedule and collect partial Unemployment Insurance benefits for up to 26 weeks. Instead of cutting staff, you can reduce the number of hours of all employees or just a certain group.
Learn more here.
COVID-19 RELIEF PROGRAMS (LOANS + GRANTS)
Pre-application for the New York Forward Loan Fund will be open on May 26, 2020 at Noon Eastern Daylight Time. Priority will be given to industries that have been reopened. This is not a first-come, first-served loan program. Applications will be reviewed on a rolling basis as regions and industries reopen.
- Small businesses and nonprofits must employ 20 or fewer full-time equivalent (FTE) employees;
- Small businesses must have gross revenues of less than $3 million per year;
- Nonprofits must provide direct services and have an annual operating budget of less than $3 million per year; and
- Have not received a loan from either SBA Paycheck Protection Program (PPP) or SBA Economic Injury Disaster Loan (EIDL) for COVID-19 in 2020.
The Paycheck Protection Program provides small businesses with funds to pay up to 8 weeks of payroll costs including benefits. Funds can also be used to pay interest on mortgages, rent, and utilities.
- Forgiveness of up to 8 weeks of payroll based on employee retention and salary levels
- Funds can be used for mortgage interest payments, rent, and utilities in addition to payroll expenses.
- No SBA fees
- At least six months of deferral with maximum deferrals of up to a year.
- Any business, nonprofit organization, veteran’s organization, or Tribal business that employs no more than 500 employees.
- Sole proprietors
- Independent contractors
- Self-employed individuals
You must apply through any existing SBA 7(a) lender or through any federally insured depository
institution or federally insured credit union. We strongly urge businesses to reach out to their financial institutions to determine requirements.
- Be a for-profit company
- Have between 2 and 50 employees
- Have been in business for over a year
- Have experienced challenges from COVID-19
- Be in or near a location where Facebook operates
To help provide support to those neighboring businesses that positively impact our communities, Dime has created the Small Business Grant Program (SBG Program). The SBG Program is designated to be a resource for those small businesses that may not qualify for government programs. The program gives grants between $3,000 and $10,000 to qualifying businesses.
Learn more and apply here.
WHAT CAN YOU DO?
For manufacturers who want to help:
MEDICAL AND EMERGENCY SUPPLIES AND WAREHOUSING:
- EDC’s in-take form found here. When entering information, there will be drop downs to collect specifics (e.g. the model type of the product). Please be prepared to reference models that are approved by CDC/FDA.
- A concise page of how people can help that includes manufacturers: https://coronavirus.health.ny.gov/get-involved-how-you-can-help
- Connect by email: COVID19supplies@esd.ny.gov
- State procurement form that can be submitted: https://www.governor.ny.gov/content/procurement-form