Coronavirus Resource Guide
A comprehensive searchable guide to information and answers for your business including operations and best practices, relief packages, employee support and more. Click here.
Seattle Mayor Launches Support Package for Small Businesses
Mayor Jenny A. Durkan has announced a package of relief measures for small businesses impacted by COVID-19. The initial support package has five components and includes:
-deferral of B&O taxes,
-expansion of the Small Business Stabilization Fund,
-assistance for SBA loans applications
-utility relief for residential and commercial customers and
-a small business recovery task force.
Applications for Small Business Administration (SBA) emergency loans now available.
President Trump has signed an $8.3 billion emergency spending bill related to COVID-19. The legislation includes funding for the Small Business Administration (SBA) to provide low-interest federal disaster loans for small businesses dealing with economic loss due to coronavirus. The loans may be used to pay fixed debts, payroll, accounts payable and other bills that can’t be paid because of the disaster’s impact.
The Seattle local government affairs team has been working with the Seattle Office of Economic Development (OED) to provide necessary documentation to make King County eligible for economic injury assistance; once a county is approved, contiguous counties also become eligible. Disaster loans can provide vital economic assistance to small businesses to help overcome the temporary loss of revenue they are experiencing.
- For details about the loans, click here.
- For technical assistance with SBA loan applications, contact AJ Cari at OED at OED@seattle.gov.
- To access a business resiliency toolkit, click here.
State Employment Security Department provides assistance
Governor Inslee and the state Employment Security Department (ESD) has announced an expansion of state policies to offer assistance to impacted individuals and businesses in many circumstances and these emergency rules will help reach more people. Read Governor Inslee’s press release
ESD has created a COVID-19 information page that provides an overview of programs including:
- Unemployment benefits for workers whose companies close or experience a slowdown due to the outbreak,
- Layoff assistance tools and programs for businesses, and
- Paid Family and Medical Leave benefits for workers who get sick or need to care for a sick family member.
- Emergency rule
- ESD Comparison Chart (Scenarios and Benefits)
Additional Resources for Businesses