Resources for businesses in response to COVID-19
Updated Friday, June 5, 2020
We know this has been a tough time on our small business community. Business customers can qualify for extended payment plans and waived late fees. The Mayor has also suspended disconnections for all customers, including businesses.
The Public Utility Board and City Council voted Tuesday, March 31 to delay the Power rate increase previously scheduled for April 1, 2020 until July 1, 2020. This decision is in response to the current State of Emergency caused by COVID-19. Read more about rates here.
Water System Restoration: Flushing your water system now is important for businesses that have been closed or significantly reduced their water use under Washington’s “Stay Home, Stay Healthy” order. Click here to read our steps to take to prepare your business water pipes after periods of low flow or no-flow conditions.
Here are more resources available to help
NEW: Senate passes fix for small-business coronavirus relief
The Senate, on Wednesday, June 3, passed legislation to make is easier for businesses struggling during the coronavirus pandemic to take advantage of a payroll subsidy program. Read more here.
The Small Business Administration is issuing Economic Injury Disaster Loans. To learn more, visit sba.gov/disaster or sba.gov/wa. You can also call 1-800-659-2955 or email email@example.com.
The State of Washington is offering:
- Up to $5 million in grants from the Strategic Reserve Fund to prevent closures and for job retention.
- Up to $25 million provided by the legislature to help businesses with unemployment impacts.
- $30 million for each county to help with quarantining people who do not have the resources to quarantine themselves.
Find up-to-date information on these offerings at coronavirus.wa.gov.
The City of Tacoma offers COVID-19 stabilization loans to Tacoma’s small businesses
In an effort to mitigate the negative economic impact of COVID-19 on Tacoma’s small businesses, the City of Tacoma’s Community and Economic Development Department has established a COVID-19 Stabilization Loan Program,
Loans for working capital up to $15,000 are available to small businesses with brick-and-mortar establishments within Tacoma city limits and 10 or fewer employees. Read the March 27 press release here and find more information about the loan program here. Email questions to firstname.lastname@example.org.
Businesses given B&O credits for creating new jobs are not required to repay the credits if they must conduct layoffs due to coronavirus. More information can be found at makeittacoma.com.
Pierce County – Emergency Small Business Relief Loan Program
Pierce County small businesses who have experienced significant economic injury as a direct result of the COVID-19 pandemic may apply for this loan program. Loan amounts up to $10,000 will be awarded, based on number of employees. Loans will be offered to qualified applicants at no interest and no payments for 12 months. Applications will be accepted on a first come, first served basis, subject to available funds. Learn more online.
U.S. Chamber – Save Small Business Initiative
Funded by corporate and philanthropic partners, the Save Small Business Fund is a collective effort to provide $5,000 grants to as many small employers they can. Click here to learn more and see if you qualify.
Working Washington Small Business Emergency Grant
Apply for up to $10,000 in emergency grant funding. Funds are limited in each county, so apply quickly. Click here to download the application and view additional program information. Completed applications can be emailed to email@example.com.
The Tacoma-Pierce County Chamber of Commerce has several resources available including a COVID-19 Business Info webinar series. Learn more on their website and click here to download their resources flyer.
Business Solutions Advocates at Tacoma Public Utilities are available 8 a.m. to 5:30 p.m. Monday through Friday to support business customers with billing inquiries and to set up payment plans on utility accounts.
Call us at 253-502-8606 or email firstname.lastname@example.org.
- Additional Resources
- Tacoma-Pierce County Health Department
- Economic Development Board
- Tacoma-Pierce County Chamber
- Washington Department of Health
- US Chamber of Commerce – Small Business
- Washington Employment Security Department
Click here for an overview on the different programs in the CARES Act from the US Chamber of Commerce.
Rapid Response South Sound: The Tacoma-Pierce County Chamber of Commerce has partnered with the Economic Development Board of Tacoma-Pierce County to respond to the business community’s top concerns surrounding the COVID-19 pandemic. Answers are provided to specific questions previously posed by businesses regarding financial, government regulation, human resources, legal and communications/marketing assistance. Learn more here.