The Economic Alliance is committed to providing guidance and resources as businesses navigate challenges faced due to the pandemic.
We're here to help.
Determining how and when businesses can reopen and recovery can begin is being determined based on the guidance from public health officials. As businesses look at opening their doors again in the soon, we’ll continue to update this Resource Center with information on how to return to business operations and how to adjust to the “new normal.”
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 email@example.com.
State Recovery and Growth Business Survey
This survey is a follow-up to UNI’s survey of businesses in mid-March. Participation in the survey is vital to state efforts to understand the impact of the coronavirus pandemic on Iowa businesses and organizations. The Iowa Economic Development Authority will use survey results to inform public policy on recovery and growth, including potential resources for businesses. The deadline to complete this survey is Friday, May 29 at 5 p.m.
- 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.
- Targeted Small Business Sole Operator Fund - Created to support Targeted Small Businesses with zero employees. Applications will be processed in both order of receipt of application and submission of all required documents and Targeted Small Business certification approval. Businesses applying for this program must be a certified Targeted Small Business to qualify for funding. DETAILS + APPLY NOW
- Iowa Small Business Relief Program - Rounds 1 - 21 of funding have been announced. Review the lists here.
The Tax Deferral portion of the program is accepting a second round of applications, open through June 30.
- Iowa Economic Development Authority Business Recovery Resources - State, federal and other financial assistance options, business and financial guidance and resources.
- ICR Next Economic Development Webinar (recorded April 29) with Debi Durham, Director of the Iowa Economic Development Authority (IEDA) and our moderator and ICR Iowa Board Chair, Lydia Brown, discussing state program delivery and anticipating Iowa’s road to recovery.
- Paycheck Protection Program (PPP) - Created in the CARES Act, $350 billion help small businesses. The loans will be forgiven as long as the funds are used to keep employees on the payroll and for certain other expenses. CLICK HERE for the application form. Find lenders eligible to issue a PPP loan HERE.
- UPDATE on 5/18: Info on how to apply for PPP loans to be forgiven
- Up-to-the-minute PPP FAQ (under Tools) from the U.S. Treasury
- 5/12 More Questions answered on the Paycheck Protection Program
- Using PPP Loan Proceeds to Maximize Forgiveness Using PPP Recorded 5/18
- Main Street Lending Program - This is a lending program separate from the PPP that is designed to assist small and medium-sized businesses with up to 15,000 employees through government-backed loans.
- Employee Retention Tax Credit Program - The CARES Act created a new employee retention 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 not eligible for this tax credit.
- Economic Injury Disaster Loans & Emergency Grants (EIDL) -
- Please note: Due to the backlog of applications, at this time the SBA is only accepting new EIDL applications from agricultural businesses.
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.
Reopening Your Business
- Mitigating COVID-19 in Iowa Restaurants Recorded on 5/21
- COVID-19 Business Prevention Webinar for Manufacturers Recorded on 5/14 - Representatives from the Iowa Governor’s Office, Iowa Economic Development Authority, Iowa Workforce Development and Iowa Department of Public Health will provide an overview of preventative measures and resources for manufactures as they respond to the COVID-19 pandemic. This includes resources for reopening businesses in a responsible manner.
- City of Cedar Rapids Reopening Toolkit
- Ensuring Safety of Water Systems After Reduced Operation
- Guidance on Reopening from the Iowa Department of Health as of April 27
- Guidance on Preparing Workplaces for COVID-19 from OSHA
- Iowa’s OSHA-approved State Plan - Includes PPE fact sheet, guidance for retail workers and more
- Cleaning and Disinfecting Guidelines by Industry from the CDC
- How You Can Plan for a Safe Reopening from Inc.
HR/Legal & Employment Resources
- Mental health resource for employers from Linn County Public Health
- Guidance on Iowa’s Unemployment Insurance Extension Under CARES Act
- ICR Career Collective - Direct and personalized support and resources for employers and job seekers experiencing changes in employment at this time. For rapid sharing of information among workforce partners, employers and job seekers, join the Facebook Group!
- Unemployment Information from Iowa Workforce Development
- Guidance from Iowa Department of Public Health on COVID-19 Outbreaks in the Workplace (Recorded April 17) by Linn County Public Health
- Department of Labor's Wage & Hour Division Families First Coronavirus Response Act Fact Sheet for Employers
- Department of Labor's Wage & Hour Division Families First Coronavirus Response Act Questions and Answers
- 5/27 @ 1 p.m. - Engaging Your Board, Volunteers and Donors During a Crisis
- 5/27 @ 3 p.m. - Opening Up Iowa's Economy-Developer and Contractor Summit - Director Debi Durham from IEDA will be speaking about status of IEDA programs, along with Matt Rasmussen, Program Manager for the Brownfield/Grayfield program, and Brian Crowe on overall regional development opportunities.
COVID-19 Related News
- 5/13 - Governor Reynolds Announces Additional Easing of Restrictions
- 5/12 - Additional Financial Relief Options for Businesses: Main Street Lending Program and Employee Retention Tax Credit
- 5/12 - More Questions Answered on the Paycheck Protection Program
- 4/24 - Additional Funding for Federal Business Relief Programs