COVID-19 Resources

Covid-19 Resource Center

The Economic Alliance is committed to providing guidance and resources as businesses navigate challenges faced due to the pandemic.

We're here to help.

Looking for information on financial assistance programs? Reach out to Local Business Project Specialist Mike Lukan and Research and Analytics Specialist Laura Thomas to find out where to start. Other questions can be answered at 319-398-5317 or economicalliance@cedarrapids.org.


Local business project specialist, Mike Lukan Research and analytics specialist, Laura Thomas
Mike Lukan
Local Business Project Specialist
(319) 730-1403
Laura Thomas
Research and Analytics Specialist
(319) 730-1406


Financial Relief


Federal

  • Paycheck Protection Program (PPP and PPP2) (PPP and PPP2) - This program has re-opened for 1st and 2nd time borrowers. Contact your lender to begin the application process.
  • FAQ - COVID-19 Federal Relief - Updated 1/4/2021
  • Small Business Webinar hosted by the US Chamber of Commerce - 12/22/2020
  • US Chamber Guide to Small Business COVID-19 Emergency Loans - 12/22/2020
  • Economic Injury Disaster Loans (EIDL) - This program will be re-opened for low interest loans for small businesses and nonprofit entities. Advance grants of up to $10,000 will also be re-opened. We will update this page when details are available.
  • Employee Retention Tax Credit Program - A tax credit for employers who are closed, partially closed, or experiencing significant revenue losses as a result of COVID-19. Employers who receive a PPP loan are NOW eligible for this tax credit.

State

Local

  • COVID-19 Disaster Response Fund - Local fund led by the Greater Cedar Rapids Community Foundation. Rapid response grants to partners where resources are most needed. Grant applications for nonprofits closed April 15. View grant recipients HERE.

Businesses should work with their current lenders to determine exactly what offering is the best fit for them.

All businesses who have received or applied for assistance through the state and/or federal financial relief programs should properly document their finances related to the assistance in the case their business is audited over the following year.

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