Wednesday, March 25, 2020

Business & Employee Support during COVID-19 Restrictions

The Town of Franklin recognizes the impact the COVID-19 restrictions and closures are having on businesses and their employees. We have compiled a list of resources to guide you through the changing landscape. This document will be updated as new information and updates become available.

● Department of Unemployment Insurance (Department of Labor Relations). Read all of the information, latest updates and apply for unemployment assistance here
https://www.mass.gov/orgs/department-of-unemployment-assistance

Find the unemployment application here
https://www.mass.gov/unemployment-insurance-ui-online

● Guidance and Directives for Businesses & Employers: Updated information regarding unemployment resources can be found here:

https://www.mass.gov/info-details/covid-19-guidance-and-directives#businesses-&-employers-


● The Rapid Response Program works closely with companies to avoid layoffs and keep a skilled workforce engaged in the existing regional economy or industry. To find out more about how the Rapid Response Team can help businesses visit this link: https://www.mass.gov/service-details/rapid-response-layoff-aversion

● SBA Economic Injury Disaster Loans (EIDL) are available statewide. Massachusetts received approval for the disaster declaration for small businesses and private non-profits to apply for the SBA EIDL loan program. Visit the SBA’s Disaster guidance web page: www.sba.gov/disaster Applicants may apply online, receive additional disaster assistance information and download applications to mail in forms here https://disasterloan.sba.gov/ela. Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email disastercustomerservice@sba.gov for more information on SBA disaster assistance.

● MA Growth Capital Corporation:$10 million Small Business Recovery Loan Fund will provide emergency capital up to $75,000 to Massachusetts-based businesses impacted by COVID-19 with under 50 full- and part-time employees, including nonprofits. Loans are immediately available to eligible businesses with no payments due for the first 6 months. Massachusetts Growth Capital Corporation (MGCC) has capitalized on the fund and will administer it. Here is a link:
https://www.empoweringsmallbusiness.org/what-we-offer/emergency-loan-funds/covid-19-loan-fund
How to Apply: Please complete the application found on MGCC’s website, EmpoweringSmallBusiness.org.

● The IRS extended the tax deadline to July 15, 2020. Find details here
https://www.irs.gov/newsroom/tax-day-now-july-15-treasury-irs-extend-filing-deadline-and-federal-tax-payments-regardless-of-amount-owed

● The Center for Disease Control: CDC’s Guidance for Business during the
COVID-19 Outbreak  https://www.cdc.gov/coronavirus/2019-ncov/community/guidance-business-response.htm

● Massachusetts Department of Revenue COVID-19 Information: Important updates from the Massachusetts Department of Revenue  https://www.mass.gov/info-details/important-covid-19-coronavirus-response-update-from-dor

● The Federal Reserve Board announced a Market Mutual Liquidity Fund
https://www.federalreserve.gov/newsevents/pressreleases/monetary20200320b.htm

Bulletin 2020-05; Flexibility in the Issuance and Administration of Insurance during COVID-19 (Coronavirus) Public Health Crisis; Issued 3/23/2020
https://www.mass.gov/news/bulletin-2020-05-flexibility-in-the-issuance-and-administration-of-insurance-during-covid-19

● Massachusetts Attorney General’s Office: Resources during COVID-19 Outbreak https://www.mass.gov/guides/resources-during-covid-19

● National Grid Information for Business customers regarding the COVID-19 Outbreak https://www.nationalgridus.com/COVID-19


Shared from the Town of Franklin page:  https://www.franklinma.gov/home/urgent-alerts/coronavirus-information-portal-updates-here

Business & Employee Support during COVID-19 Restrictions
Business & Employee Support during COVID-19 Restrictions

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