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COVID-19
COVID-19 Updates & Resources

Indiana COVID-19 Business Resource Center
Updated June 24, 2020

The Indiana Economic Development Corporation is working with the State of Indiana and the Indiana State Department of Health to closely monitor the 2019 novel coronavirus (COVID-19) pandemic and to continue supporting and providing resources for businesses in partnership with local and regional organizations across the state. 

SMALL BUSINESS RESOURCES

Indiana Small Business PPE Marketplace
This online hub serves as a resource for Indiana small businesses employing up to 150 associates that are in need of personal protective equipment (PPE) to ensure the health and safety of their workforce during the COVID-19 pandemic. All businesses are encouraged to first source and procure PPE on their own. This service is designed to serve as an alternate backstop for employers most in need. Click here for more information and to place a request.

SBA Disaster Loans for Small Businesses
Indiana has secured federal disaster assistance from the U.S. Small Business Administration (SBA) to assist small businesses impacted by COVID-19. Moreover, small business owners are now eligible to apply for a loan advance of up to $10,000. For more information, and to apply for loans from the U.S. Small Business Administration, visit SBA.gov/Disaster. Contact 1-800-659-2955 or disastercustomerservice@sba.gov with additional questions.

Paycheck Protection Program
As part of the federal stimulus package, Indiana small businesses and nonprofits that maintain their payroll during the COVID-19 outbreak may apply for up to eight weeks of cash-flow assistance. If employers maintain payroll, the portion of the loans used for covered payroll costs, interest on mortgage obligations, rent and utilities would be forgiven. Click here for more information about the program and its eligibility criteria and application process.

Small Business Debt Relief
The Small Business Debt Relief Program, which was created to support small businesses severely impacted by the COVID-19 pandemic, will forgive six months of payments on existing SBA non-disaster loans. Learn more about the program on the SBA’s COVID-19 resources page.

Indiana Small Business Development Center
The Indiana SBDC, which has 10 regional offices throughout the state, offers no-cost business advising for entrepreneurs and small businesses. Advisors are available to provide free advising and disaster relief loan application assistance for those impacted by the COVID-19 pandemic.

The Indiana SBDC received nearly $3.7 million from the U.S. Small Business Administration (SBA) through the CARES Act to support increased resources for Hoosier entrepreneurs and small businesses over the next 18 months. The funding will enable Indiana SBDC to increase no-cost services, such as counseling and training, for businesses that were in operation prior to and that have been impacted by COVID-19. Services will be available through the Indiana SBDC’s 10 regional offices across the state and are expected to focus on financial assistance, e-commerce, business adaptation and innovation, disaster resiliency and planning, and reopening plans.

For more information, visit isbdc.org/indianacovid19small business and contact your nearest regional office.

New Contracting Opportunities with FEMA
To combat the COVID-19 outbreak, the Trump Administration provided emergency support to the Federal Emergency Management Agency (FEMA) in order to assist eligible states with their disaster responses. If interested in supplying products or goods to aid in FEMA’s efforts, the Indiana PTAC offers free counseling and contracting assistance to Indiana small businesses. Click here for more information and visit indianaptac.com/locations to contact your nearest regional office.

Indy Chamber Offering Rapid Response Loans
The Indy Chamber created the Rapid Response Loan Fund through its Business Ownership Initiative (BOI) as an affordable option for loans ranging from $1,000 to $25,000. Loans can be used to pay employee salaries, insurance premiums or as a bridge loan until additional funding kicks in from a business’ bank or from the U.S. Small Business Administration. Click here to learn more.

Indy Chamber and Kelley School of Business Office of Executive Education hosting Rapid Recovery Webinar Series
In partnership with the Kelley School of Business Office of Executive Education, the Indy Chamber is launching the Rapid Recovery Series beginning May 26.These virtual courses will be led by Kelley School professors and are crafted to teach small business owners best practices and strategies on how to effectively reopen and recover from the COVID-19 pandemic. The series will present a new class each Tuesday and Thursday from 4:00–5:00 pm between May 26 and June 18, with 45 minutes of presentation and 15 minutes left for Q&A from attendees. This 8-part series will cover topics ranging from setting a recovery strategy and rebuilding business financials to repairing supply chains and attracting new customers. Sessions are free and open to the public, and recordings of each session will be made available on the Rapid Response Hub at response.indychamber.com.

Hometown Business Preservation Initiative
The Office of Community and Rural Affairs announced a new partnership with the Purdue Center for Regional Development, Ohio State University, United States Department of Agriculture – Rural Development and IEDC, to launch the Hometown Business Preservation Initiative. This instructional program will guide community leadership on how to establish a Revolving Loan Fund which can provide necessary loans to small businesses based on community needs. As local, state or federal funds become available, they may be placed in the community revolving loan account to then lend to identified businesses. If you have any questions on the program, please contact Matt Crouch (mcrouch@ocra.in.gov) or Julie Rigrish (jrigrish@purdue.edu).

Indiana Small Business Restart Fund
Gov. Holcomb approved $30 million in federal funding made available through the CARES Act to small business restart grants, helping accelerate the speed of economic recovery activity by providing working capital to cover certain expenses related to the global pandemic. Indiana small businesses with fewer than 50 employees and $5 million in annual revenue that have experienced a 40% drop in revenue will be eligible to be reimbursed for up to 80% of qualified expenses, such as rent or mortgage payments, utilities, lease payments for real or personal property, and safety investments, such as personal protective equipment (PPE) and infrastructure improvements.

Eligible small businesses that demonstrate a revenue loss of at least 40% will be awarded up to $2,500 for each month while small businesses that demonstrate a revenue loss of at least 80% will be awarded up to $5,000 for each month, with grants issued up to $10,000 per company. Of the $30 million allocated to the fund, at least $5 million will be reserved for certified minority- and women-owned businesses.

More information on the program, including additional eligibility requirements, is available here.

ADDITIONAL RESOURCES
COVID-19 Inquiries
General questions from the public or health care provider inquiries may be directed to the ISDH COVID-19 Call Center at the toll-free number 877-826-0011 (available 24/7) or email epiresource@isdh.in.gov

Unemployment Insurance
Those impacted by the pandemic and related closures can apply for unemployment insurance benefits electronically. To attend an unemployment insurance webinar, visit the Indiana Department of Workforce Development. For more information, or to file online, visit Unemployment.IN.gov

Business Safety & Preparations
View the latest guidelines for businesses and employers from the U.S. Centers for Disease Control & PreventionWorld Health Organization, and U.S. Department of Labor.

Employee & Employer Support
The Central Indiana Corporate Partnership is posting the latest resources, from business to financial to utility assistance, provided by central Indiana corporate and civic organizations during this time.  

Engage with the Business Community
Purdue University’s Manufacturing Extension Partnership launched a forum for manufacturing companies to engage, connect and share best practices on issues related to the COVID-19 outbreak.

Indiana’s Response
Visit Indiana State Department of Health for the latest information on tracking the COVID-19 pandemic in Indiana and on the state’s action and response. 

Federal Stimulus Package
The Coronavirus Aid, Relief, and Economic Security (CARES) Act, which was signed into law on March 27, is a more than $2 trillion relief package for American families and businesses that have been impacted by the COVID-19 pandemic. Click here to learn more about the legislation which contains a number of measures aimed directly at helping workers and more.

Startup and Entrepreneurship Support
Elevate Ventures has compiled tools, resources, articles and information to help startups get through the COVID-19 outbreak. 

PPE Procurement
The Indiana Manufacturers Association has compiled a list of Indiana PPE and safety suppliers.

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