Together we can get through this crisis.
MBEP has recently partnered with the CMTC (California Manufacturing Technology Consulting) network to provide support to manufacturers in our region – throughout Monterey, Santa Cruz and San Benito counties. This outreach program is funded by the CARES Act Stimulus Package 2020 – and is managed by CMTC – California’s Manufacturing Extension Partnership (MEP) Center. For more information visit https://www.cmtc.com/
We are available to help small and medium-sized manufacturers get the resources they need to overcome this crisis and strengthen their businesses. We will be doing outreach to manufacturers in our region over the next several months. If you would like to request support please contact Freny Cooper at firstname.lastname@example.org.
Shelter in Place Information
Strategies For Infectious Disease Prevention in Manufacturing
Wednesday, Jan. 20, 2021, 10:00-11:00 am
Financial Relief Packages for Small Businesses
Thursday, Jan. 21, 2021, 12:00-1:00 pm
Roadmap to Becoming a Premium Supplier
Tuesday, Jan. 26, 2021, 10:00-11:00 am
- Small Business | Grants | Loans
- Returning to Work
- Unemployment & Paid Leave
- Advisory & Legal
- Undocumented Residents
- Additional Resources
- Businesses must have 50 or fewer full-time employees (FTE).
- Annual revenues must not have exceeded $2.5 million.
- Revenues must have declined since January 2020.
- Business must be operational and working to stay in business.
- Loans up to $100,000 are available with a three- or five-year repayment period.
- Loans have a 4.25 percent interest rate, with an interest-only period for the first 12 months and fixed monthly repayments.
- No upfront fees charged to the small business.
- Loan to be used as flexible working capital.
On December 1, 2020, the California Department of Tax and Fee Administration (CDTFA) will begin accepting applications for tentative small business hiring credit reservation amounts through an online reservation system. Qualified small business employers must apply with the CDTFA for a credit reservation. The credit reservations will be allocated to qualified small business employers on a first-come, first-served basis. The reservation system will be available from December 1, 2020 at 8:00 a.m., through January 15, 2021.
The CARES Act established several new funding opportunities for small businesses through the SBA:
- Eligible recipients may qualify for a loan up to $10 million determined by 8 weeks of prior average payroll plus an additional 25% of that amount.
- Loan payments will be deferred for six months.
- If you maintain your workforce, SBA will forgive the portion of the loan proceeds that are used to cover the first 8 weeks of payroll and certain other expenses following loan origination.
- PPP Loan Forgiveness FAQs
- Economic Injury Disaster Loans provides small businesses with working capital loans of up to $2 million that can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing.
- The Loan Advance will provide up to $10,000 in economic relief to businesses that are currently experiencing a temporary loss of revenue. Funds will be made available within three days of a successful application. This loan advance will not have to be repaid.
- If you have already applied for a Disaster Loan you can go back into your application to request an Advance Loan as well.
- Under this program the SBA will pay the principal and interest of new 7(a) loans issued prior to September 27, 2020.
- The SBA will also pay the principal and interest of current 7(a) loans for a period of six months.
- Allows small businesses who currently have a business relationship with an SBA Express Lender to access up to $25,000 with less paperwork. These loans will be repaid in full or in part by proceeds from the EIDL loan.
Monterey County CARES
Monterey County, through its Monterey County CARES Small Business Relief Program, is providing financial assistance to local small businesses that have experienced a loss of revenue due to COVID-19.
This program provides up to $10,000 in grant-funded reimbursement to businesses with 50 or fewer full-time employees for eligible COVID-19 related operating expenses
The U.S. Small Business Administration is providing disaster assistance loans to companies affected by the COVID-19 epidemic. The agency’s Economic Injury Disaster Loan program will provide low-interest working capital loans of up to $2 million.
Offered to companies as an alternative to layoffs. They allow employees to receive unemployment benefits while still keeping their current jobs. A number of requirements must be met in order for companies to be eligible for the program, including hours and wages being reduced by between 10 and 60 percent.
California’s Small Business Finance Center has partnered with local financial development corporations to provide direct loans struggling with cash flow during the pandemic. Businesses and some nonprofits with 750 or fewer employees are eligible for the loans.
The social media giant has launched a $100 million grant program to help small businesses in the form of cash grants or ad credits. Applications for the support are expected to be opened up in the coming weeks.
Kaiser Permanente COVID-19 Return to Work Playbook
As COVID-19 restrictions begin to lift, this playbook is meant to offer useful tools for you and your leadership teams to make your workplace as safe as possible and support your employees in the best way possible. Access it here.
Montage Health Offers Preparedness Assessments for Monterey County Businesses
In response to the many challenges Covid-19 has presented for the Central Coast’s business community, MBEP member Montage Health has been reaching out to employers in Monterey County to help them assess their Covid-19 preparation plans, policies, and workflow to ensure maximum safety for their employees and customers. Montage Health has been offering a free consultation from Dr. Geraldine Taplin, an infectious disease specialist who has practiced at Community Hospital of the Monterey Peninsula since 1980. Dr. Taplin has focused her efforts on COVID-19 preparation, assisting Community Hospital with its own readiness, as well as advising more than 25 local employers encompassing many industries. Monterey County employers interested in taking advantage of Montage Health’s specialized free resource can email Gene Fischer, Community Hospital’s Corporate Accounts Manager, or call (831) 658-3983.
Losing your job amidst a pandemic is traumatic. OnwardCA is a resource that has been rapidly deployed by a broad coalition of companies, foundations, and humans who want to help. Help you get money or groceries or child care; help you upskill, reskill, or refresh; and help you land a great new job.
Offered to those unable to work due to medical quarantine or illness related to COVID-19. The benefit depends on income ranging from $50 to $1,300 a week for up to six weeks.
Offered to those who have lost their job or had hours reduced due to coronavirus. The benefit ranges from $40 to $450 a week for up to 26 weeks. The governor has waived the one-week unpaid waiting period, so workers can collect benefits the first week they are out of work.
This is offered to those unable to work because they are caring for an ill or quarantined family member. The benefit ranges from $50 to $1,300 a week for up to six weeks.
RESOURCES FOR UNDOCUMENTED RESIDENTS
San Jose-based regional economic think-tank Joint Venture said that this week that it’s pivoting its mission to help the local community respond to the coronavirus crisis. Among the services its offering is help from Silicon Valley Talent Partnership’s pro bono teams who can provide communications, strategic planning, data analysis, and cybersecurity consulting to organizations forming their COVID-19 response.
RESOURCES FOR UNDOCUMENTED RESIDENTS
Our region has the highest percentage of undocumented essential workers in the state. Please share these resources to help reach workers who may be eligible for assistance.
DISASTER RELIEF ASSISTANCE FOR IMMIGRANTS (DRAI)
For additional information, visit the Community Action Board of Santa Cruz County.
United Way Monterey County COVID19 resources
Find tips, latest numbers, and services/information specific to California at the site above.
PPE4CC is a movement by people in healthcare and in our communities on the front lines of the COVID-19 pandemic. Started by Idea Fab Labs Santa Cruz and Catherine S. Forest, MD,MPH, and David Culler, PhD. with the encouragement of Encompass Community Services and Santa Cruz & Monterey County Medical Societies, they began to address the emerging shortage of PPE in the non-profit working world of Encompass Community Services workers when the avalanche of requests for help from other workers (residential care, janitors, bus drivers, grocery checkers, medical assistants) and the news from essential shortages from other states led us to try to get ahead of the curve.
Internet Access Resources
The COVID-19 pandemic has affected communities across the country, and our Central Coast region is no exception. This Internet Resource Guide is intended to assist our residents who may not have access to the necessary resources during this time of crisis, including broadband and technology tools required for remote learning and working.