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HomeMy WebLinkAbout05/05/20 - Updates COVID-19 St. Lucie County Business AssistanceStephanie Bush From:Economic Development Council of St. Lucie County <jdubey@YourEDC.com> Sent:Tuesday, May 5, 2020 8:15 AM To:Stephanie Bush 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. View this email in your browser 1 Yesterday, the "Safe. Smart. Step by Step Plan" has been implemented to begin reopening the State of Florida and we look forward to continuing to support our local small businesses in this phased opening. As many businesses start to receive their Paycheck Protection Program loans, now is a great time to begin preparing your payroll and operational expense reporting for loan forgiveness. The American Institute of Certified Public Accountants (AICPA) has prepared some great resources to assist you in documenting your PPP expenses. The AICPA has created an easy-to-follow PPP reporting Loan Forgiveness infographic. Click here to view: https://www.aicpa.org/content/dam/aicpa/interestareas/privatecompaniespracticesection/qualityservicesdelivery/ussba/downloadabledocuments/coronavirus- ppp-loan-forgiveness-calculation-steps.pdf Additionally, the AICPA has prepared loan calculator spreadsheets in Excel format to help you with reporting whether you are a non-seasonal, seasonal or self- employed business:  PPP Loan Calculator – Non-seasonal & In business 2/15/19 – 6/30/19  PPP Loan Calculator – Nonseasonal & NOT in business 2/15/19 – 6/30/19  PPP Loan Calculator – Self-Employed Click here to view and download the loan calculator for your business: (please scroll halfway down to the "Calculator" section) https://www.aicpa.org/interestareas/privatecompaniespracticesection/qualityservicesdelivery/sba-paycheck-protection-program-resources-for-cpas.html The Small Business Administration announced today that agricultural businesses are now eligible for the Economic Injury Disaster Loan (EIDL) and the Economic Injury Disaster Loan (EIDL) Advance program. 2 The new eligibility is made possible as a result of the latest round of funds appropriated by Congress in response to the COVID-19 pandemic. Agricultural businesses (with 500 or fewer employees) includes those businesses engaged in the production of food and fiber, ranching, and raising of livestock, aquaculture, and all other farming and agricultural related industries (as defined by section 18(b) of the Small Business Act (15 U.S.C. 647(b)) Eligible agricultural businesses may now apply online with the SBA at: https://covid19relief.sba.gov/#/ For more information on the EIDL and EIDL Advance loan programs, please visit: https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/economic-injury-disaster-loan-emergency-advance As many of our residents continue to await unemployment compensation to assist them during the COVID-19 crisis, please note the following information for local resources to assist with food and financial insecurity:  Mustard Seed Ministries - Food and Financial Assistance https://www.mustardseedslc.org/  Treasure Coast Food Bank - Emergency Food Assistance https://stophunger.org/cvprep/covid19-emergency-food-assistance-registration/  St. Lucie Public Schools - Free meals for Children https://www.stlucie.k12.fl.us/blog/free-meals-for-children-starting-on-march-23rd/  211 - Financial and Mental Health Services https://211palmbeach.org/emergency-stlucie For information at your fingertips regarding federal, state and local assistance, please 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. 3 To ensure that you receive our emails, please mark us as a "safe sender" so that you can continue to receive important information relating to COVID-19 business assistance. Copyright © 2020 Economic Development Council of St. Lucie County, Inc., All rights reserved. You are receiving this email because your company supports the Economic Development Council of St. Lucie County. Our mailing address is: Economic Development Council of St. Lucie County, Inc. PO Box 881358 Port St. Lucie, FL 34988 Add us to your address book Want to change how you receive these emails? You can update your preferences or unsubscribe from this list. 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 4