HomeMy WebLinkAbout04/09/20 - Updates COVID-19 St. Lucie County Business AssistanceStephanie Bush
From:Jennifer DuBey <jdubey@youredc.com>
Sent:Thursday, April 9, 2020 7:41 AM
To:Jennifer DuBey
Subject:New Updates COVID-19 St. Lucie County Business Assistance
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Questions, call Customer Service at 772-462-2146.
Good Morning EDC Partners
As we navigate this ever changing business climate due to COVID-19, we continue to explore
all possible available resources to assist you and your employees.
In addition to the SBDC Bridge Loan, the SBA Economic Injury Disaster Loan and the SBA
Paycheck Protection Program, two additional programs are available through local
participating financial institutions in partnership with the State of Florida economic
development arm Enterprise Florida:
Microfinance Guarantee Program: This program is designed to provide a loan
guarantee to lenders that extend credit to entrepreneurs and small businesses through
this program. Enterprise Florida has suspended initial fees (approx. 2%) due to
COVID19. Borrower eligibility requirements include:
Must employ 25 or fewer employees
Business generates average gross revenues of $1.5 million or less per year
for the last 2 years
Loan is obtained through eligible financial institution
Loan maximum up to $250,000
Loan guarantee up to 50%
Term, Interest rates and fees are negotiable
Click here to view program release
information: https://www.enterpriseflorida.com/news/enterprise-florida-suspends-initial-
fees-through-its-microfinance-guarantee-program-to-support-florida-small-business-
community/
State Small Business Credit Initiative (SSBCI): The program is designed to provide a
loan guarantee to lenders that extend credit to small to medium size
businesses. Borrower eligibility requirements include:
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Must employ 500 or fewer employees
Loan is obtained through eligible financial institution
Loan minimum $250,000 to maximum $5,000,000
Term maximum is 5 years
Loan guarantee up to 50%
Interest rates and fees are negotiable
Click here to view program information: https://www.enterpriseflorida.com/small-
business/state-small-business-credit-initiative-ssbci/
On the manufacturing forefront, please learn about these opportunities for our local
manufacturers to participate in needed supply chain opportunities:
The Associated Industries of Florida (AIF) in partnership with Space Florida and
FloridaMakes announced the deployment of an online database today for Florida’s
manufacturers to engage in a statewide manufacturing supply chain, workforce and
R&D connection portal through CONNEX Florida, at no cost.
Please CLICK HERE to learn more on how our manufacturers can participate in this database to
help streamline critical connections between manufacturers and businesses in need of
product.
The COVID-19 Manufacturers Marketplace is a domestic supply chain connection
solution with manufacturers across the country. Manufacturers can submit capabilities
for critical infrastructure needs in addition to finding suppliers.
Please CLICK HERE to access the marketplace and register your company in the supply chain
capabilities database.
In continued efforts to improve the claims submission for unemployment compensation, the
Department of Economic Opportunity rolled out two new technology upgrades this evening:
Mobile friendly online application: https://fldeo-flwork-
prod1.pegacloud.net/prweb/app/default/tHGV_g6FQZMSYakWUervaQ%28%28*/!STAN
DARD?fbclid=IwAR3oFJZrgZ-phZYTF1aGjgZiPtjWxFuBLU3lSr6hhYPprDjPESK3PyXD5k8
User-friendly online platform application:
http://www.floridajobs.org/RAApplication?fbclid=IwAR3G1Q17IeSN7LU7VEqErLVQX2SB
dbeNb8TXrHq-XjxAh19wAc65eQYXKu8
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Additionally, as an update to the FedEx partnership with the state offering printed application
packets and free overnight delivery to the Department of Economic Opportunity, the
following location has confirmed they are providing this service in St. Lucie County:
FedEx Office, Print and Ship Center
260 SW Port St. Lucie Blvd., Port St. Lucie
Hours of Operation : 9 am to 6 pm
For information at your fingertips regarding federal, state and local assistance, please view our
Business Assistance FAQ at https://youredc.com/images/uploads/COVID-
19_St._Lucie_EDC_Business_Assistance_FAQ_2__1.pdf or visit our Business Assistance Web
Portal at https://youredc.com/grow_your_business/wr for updated information on programs
and services to assist your business and employees.
If you have any questions or need any assistance for your business or employees, please do
not hesitate to contact us.
Jennifer DuBey, Business Manager
Economic Development Council of St. Lucie County
500 NW California Blvd. ■ Bldg. F109 ■ Port St. Lucie, FL 34986
(Located at Indian River State College)
O: 772.336.6256 ■ C: 772.812.0107 ■ jdubey@youredc.com
www.youredc.com
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