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Coronavirus Resources for Greenwich Businesses and Community

Resources:

Governor Lamont's Up-to-date Coronavirus Press Releases


Disaster Loan Assistance Application
Federal Disaster Loans for Businesses, Private Nonprofits, Homeowners, and Renters


 
NEWS ALERT
 
Lamont announces launch of the Connecticut Recovery Bridge Loan Program to help small businesses and nonprofits
Lamont today announced that Connecticut small businesses and nonprofits that have been negatively impacted by the global spread of the COVID-19 pandemic can now apply for one-year, no-interest loans of up to $75,000 under the launch of a new program administered by the state's Department of Economic and Community Development (DECD).
 
The Connecticut Recovery Bridge Loan Program will make $25 million available to Connecticut businesses and nonprofits that have 100 or fewer employees to assist with cash flow. Loan amounts are up to the lesser of either three months operating expenses and/or $75,000.
 
"We know that our small businesses and nonprofits have been hit hard by the public safety measures put into place to prevent the spread of this disease," Governor Lamont said. "Owners are understandably worried about their business, their employees, and their future. This program was designed to provide immediate financial assistance to help these organizations maintain operations and get through this difficult time."
 
Provisions and eligibility requirements include:
  • Zero percent interest rate;
  • 12-month term with 6-month extension per request;
  • Personal guaranty and credit score required;
  • Approval contingent upon business being profitable prior to March 10, 2020 and no adverse personal credit reports 60 days past due for the last 6 months; and
  • Ineligible companies include those involved in real estate, multi-level marketing, adult entertainment, cannabis, and firearms.
All eligibility and application information can be found on the state's COVID-19 website at ct.gov/coronavirus.
 
Early results of a business survey being conducted by the nonprofit organization AdvanceCT, in partnership with DECD and the Connecticut Business and Industry Association (CBIA), indicate that companies' most critical need at this time is assistance with cash flow, with 82 percent of respondents expecting a drop in revenue due to the virus.
 
"We have been in close communication with our small business and nonprofit communities throughout this crisis and certainly understand their sense of urgency," DECD Commissioner David Lehman said. "We believe this program provides the quick, short-term financial assistance they need to maintain operations and weather this storm."


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CT. gov Connecticut's Official State Website

Business Resources: https://portal.ct.gov/Coronavirus/Pages/Business-Resources

The State of Connecticut is continuing to take major steps to protect our businesses and residents during the coronavirus crisis. Here are some updates:

  • DECD's COVID-19 Business Emergency Response Unit: The Connecticut Department of Economic and Community Development has created a COVID-19 Business Emergency Response Unit dedicated to assisting businesses navigate resources and develop new resources. A dedicated phone line is has been set up at 860-500-2333 to provide assistance to Connecticut's small businesses for this purpose.
  • SBA assistance: On March 16, the U.S. Small Business Administration approved Governor Lamont's request to begin offering disaster-relief loans to Connecticut small businesses and nonprofits. Companies in the state can now apply for loans of up to $2 million through a special page on the SBA website. SBA also has more valuable information for businesses.
  • Tax filing extensions: The Department of Revenue Services has extended deadlines for filing and payments associated with certain state business tax returns. Details are on DRS’s website.
  • Unemployment assistance: Workers directly impacted by the coronavirus pandemic no longer must be actively searching for work to qualify for unemployment assistance. And employers who are furloughing workers can use the Department of Labor’s shared work program, which allows businesses to reduce working hours and have those wages supplemented with unemployment insurance. DOL has more information about these and other changes.
  • Business Interruption Insurance: A business interruption insurance policy should list or describe the types of events it covers. Events that are not described in the policy are typically not covered. It is important to review the policy exclusions, coverage limits, and applicable deductibles with your agent, broker or insurer. The Connecticut Insurance Department has an FAQ that provides more information.
  • Issues regarding supply chains, delivery of goods, or business continuity: The Connecticut Department of Consumer Protection is encouraging businesses in the state that are experiencing issues regarding supply chains, delivery of goods, or business continuity to contact the FEMA National Business Emergency Operations Center by emailing NBEOC@fema.dhs.gov. This is a 24/7 operation and they can assist in directing the inquiry to the proper contact.



CBIA CT Business & Industry Association
State, Feds Move to Mitigate Coronavirus Impact on Business
State and federal government agencies are taking steps to assist small businesses impacted by the coronavirus pandemic.

The state Department of Economic and Community Development will temporarily suspend principal and interest payments on loans to small businesses.
CBIA Small Business March 13 article
Employer Guidance

 




SBA  U.S. Small Business Administration
Coronavirus (COVID-19): Small Business Guidance & Loan Resources
Health and government officials are working together to maintain the safety, security, and health of the American people. Small businesses are encouraged to do their part to keep their employees, customers, and themselves healthy.
Visit SBA for details



Economic Injury Disaster Loan Program
Find more information on the SBA’s Economic Injury Disaster Loans at SBA.gov/Disaster.

The SBA will work directly with state Governors to provide targeted, low-interest loans to small businesses and non-profits that have been severely impacted by the Coronavirus (COVID-19). The SBA’s Economic Injury Disaster Loan program provides small businesses with working capital loans of up to $2 million that can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing.

Click here to apply.

Find more information on the SBA’s Economic Injury Disaster Loans at: SBA.gov/Disaster.


Guidance for Businesses and Employers 

https://www.sba.gov/page/coronavirus-covid-19-small-business-guidance-loan-resources

The President's Coronavirus Guidelines for America - 15 Days to Slow the Spread

The Centers for Disease Control and Prevention (CDC) offers the most up-to-date information on COVID-19. This interim guidance is based on what is currently known about the coronavirus disease 2019 (COVID-19). For updates from CDC, please see the following:

 




Center For Disease Control and Prevention
Coronavirus (COVID-19)
What you need to know, resources and the latest updates.
Visit CDC

 





Town of Greenwich
Coronavirus (COVID-19) Greenwich CT
Town of Greenwich Email alerts: Sign up here to receive COVID-19 related updates

Town of Greenwich Coronavirus (COVID-19) page

Community Connections: Sign up for "Community Connections From Fred" for timely communications and news from First Selectman Fred Camillo

 




Greenwich United Way
Governor Ned Lamont announced that the State of Connecticut is partnering with United Way of Connecticut to launch an information hotline for questions from the public regarding issues related to the spread of coronavirus (COVID-19).
People who have questions can call 2-1-1 or text “CTCOVID” to 898211.

Greenwich Department of Human Services: Greenwich residents seeking assistance can call 203-622-3800.

Greenwich Hospital/Yale New Haven Health: call center for any questions about the virus, can be reached at 833-275-9644.

Greenwich Public Schools: For more information on Greenwich Public School updates and food pick-up locations visit here or call: (203) 625-7400, Havemeyer Building, 290 Greenwich Avenue, Greenwich, Connecticut 06830.

More Greenwich United Way Resources


 




Connecticut Press Club
Where to Get Reliable, Accurate News and Information about Coronavirus (COVID-19)
News about COVID-19 is spreading almost as quickly as the virus itself. As we confront this crisis, the Connecticut Press Club has assembled some national and statewide resources on the global coronavirus pandemic.

National and International News Sources

The New York Times is offering free access to its coverage of the coronavirus outbreak.
 
Healthline
 
Statnews

Connecticut News Sources
 
The Hartford Courant
 
New Haven Register 
 
Stamford Advocate
 
CT Public Radio