Gov. Reynolds signs new proclamation continuing State Public Health Emergency Declaration
On Thursday, March 26, Gov. Reynolds signed a new proclamation continuing the State Public Health Emergency Declaration, suspending elective and nonessential medical and dental procedures, extending and expanding retail business closures, ordering health care facilities and nursing homes to engage in advanced health care screenings, and removing additional legal barriers to ensure a continued strong response to this disaster. The state of public health disaster emergency shall expire on April 16, 2020, at 11:59 p.m., unless sooner terminated or extended by the governor. For more information, please click here for the full proclamation.
Governor Announces Much Needed Small Business Relief
This week, Governor Reynolds announced the launch of a new Iowa Small Business Relief Program that will provide financial assistance to small businesses that have been economically impacted by the COVID-19 pandemic. The program offers eligible small businesses grants ranging from $5,000-$25,000 in addition to offering Iowa businesses a deferral of sales and use or withholding taxes due and waiver of penalty and interest.
In addition, a fund has been created to support Targeted Small Businesses (TSB) with zero employees that have been economically impacted by the COVID-19 pandemic. The program offers eligible small businesses grants ranging from $5,000-$10,000 to businesses that are sole proprietors or single-member LLCs that are also TSB certified, or have an application submitted to the Iowa Economic Development Authority (IEDA) by April 10, 2020 to become TSB certified.
For both of these programs, plus information from the Small Business Administration Disaster Assistance Loan, log on to www.ioweconomicdevelopment.com.
What is an Essential Business?