HomeMy WebLinkAbout04/14/20 - Updates COVID-19 St. Lucie County Business AssistanceStephanie Bush
From:Jennifer DuBey <jdubey@youredc.com>
Sent:Tuesday, April 14, 2020 7:43 AM
To:Jennifer DuBey
Subject:New Updates COVID-19 St. Lucie County Business Assistance
SECURITY WARNING: This email originated from outside the County systems. Please show caution when
clicking links or opening attachments unless you recognize the sender and know the content is safe.
Questions, call Customer Service at 772-462-2146.
Good Morning EDC Partners
This past weekend, the U.S. Federal Reserve Bank announced the creation of the new Main
Street New Loan Facility to facilitate lending to small and mid-sized businesses by eligible
lenders. The loan program offers the following:
Eligible companies must have less than 10,000 employees or 2019 revenue less than
$2.5 billion
Loan term is 4 years
Amortization of principal and interest: Deferred for one year
Minimum Loan Size: $1 million
Loan must be obtained through an eligible financial institution
This loan program is not yet accepting applications; anticipated loan application opening is
month end. Interested businesses should contact their financial representative to learn more
about the detailed eligibility of this program.
Click here for more
information: https://www.federalreserve.gov/newsevents/pressreleases/files/monetary2020
0409a7.pdf
The Florida Department of Economic Opportunity has announced more than 1,000 businesses
have been awarded more than $49 million from the Florida Small Business Emergency Bridge
Loan. The DEO and Emergency Bridge Loan partners
continue to quickly and efficiently review, approve and provide loans to Florida businesses.
For individuals seeking unemployment benefits or have questions about their application
status, the Department of Economic Opportunity has NEW multiple options for claimants to
seek assistance:
Virtual Assistance: https://visualivr.connect.myflorida.com/fish-messaging/go/Q5uZriw-
1
Email Assistance Form: http://racontactus.floridajobs.org/
DEO Assistance Hotline: 1-800-204-2418
Local Hotline: 1-866-482-4473
Reemployment Assistance FAQ: http://www.floridajobs.org/docs/default-
source/reemployment-assistance-center/new-individual-faq-includes-cares-act-
final.pdf?sfvrsn=5f2547b0_6
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_3_.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
Please Note: Florida has very broad public records laws. Most written communications to or from County officials regarding County business are public records
available to the public and media upon request. It is the policy of St. Lucie County that all County records shall be open for personal inspection, examination and /
or copying. Your e-mail communications will be subject to public disclosure unless an exemption applies to the communication. If you received this email in error,
please notify the sender by reply e-mail and delete all materials from all computers.
'.
2