COVID-19: Business & Economic Support
Stay up to date on the latest COVID-19 business and economic news impacting child care workers, early childhood small businesses and communities.
April 3, 2020
- The CARES Act Paycheck Protection Program is now open for applications for small businesses and sole proprieterships. The program provides forgiveable loans up to $10 million to small businesses left financially distressed by the coronavirus pandemic. Loans are being issued on a first come, first served basis, so we encourage you to apply as soon as possible. Contact your local financial institution to apply for the SBA Paycheck Protection Program or go to SBA.gov/coronavirus to learn more. Applications for self-employed and 1099 workers will be open on April 10.
- CLASP created a helpful fact sheet on Forgiveable Loans for Child Care Providers through the CARES Act. Download the fact sheet.
- NDOL partnered with Representative Don Bacon to livestream the Unemployment Insurance application process. Visit our FAQ to watch the video.
April 2, 2020
- Communities across Nebraska are establishing community support funds for businesses, nonprofits and individuals impacted by COVID-19. Check out our list of Community Assistance Programs, which we'll continue to update as the pandemic evolves.
- Check out the latest podcast from the Small Business & Entrepeneurship Council about immediate relief available through the CARES Act, the Paycheck Protection Program, who qualifies, how to apply and loan forgiveness. Senator Marco Rubio, Chairman of the U.S. Senate Committee on Small Business & Entrepreneurship, is the guest. Listen to the podcast. See SBE Council Coronavirus Resources.
April 1, 2020
- The Business Resiliency Resource page of the Nebraska Business Development Center (NBDC) is available to assist child care businesses as they respond to COVID-19. The NBDC's business consultants can provide one-on-one, confidential consulting with the following:
- Help small businesses rethink their operations as they adapt to the current environment
- Conduct a cash flow analysis and advise owners on how to preserve cash during this crisis
- Provide assistance with disaster loan applications
- Learn more about NBDC's Business Resiliency resources.
March 31, 2020
March 26, 2020
- The Emergency Response Program, a new initiative created through a partnership between NMotion, gener8tor, and the Lincoln Partnership for Economic Development, has been created to help small businesses, startups, freelances, and nonprofits that have been affected by the COVID-19 outbreak. Support is available to providers who classify as small businesses, including sole proprietors with no formal business organization. With the program, participants will be provided access to a free, week-long webinar series featuring experts in the following areas:
- Applying for SBA-eligible programs;
- Civic, philanthropic and state emergency relief resources;
- Employment law experts to help navigate the changes required by the new laws;
- Federal emergency relief programs; and
- Mental health and wellness resources for small business owners.
- Register by Wednesday, April 1 at gener8tor.com/emergency-response-program/nebraska. The program will take place April 6-10.
March 25, 2020
- The Kearney Area Chamber of Commerce has set up a Kearney Area Emergency Relief Fund to help community members suffering from hardship during the COVID-19 pandemic. Approved applicants are eligible for up to $500 every 30 days. Learn more at www.kearneycoc.org/covid19.
- The Heartland United Way and Greater Grand Island Community Foundation have created the COVID-19 Community Compassion Fund to help area organizations and individuals. Criteria for accessing funds is still being established, will include support for critical services, and possible direct assistance to families. Learn more at www.heartlandunitedway.org.
- The Rural Enterprise Assistance Project (REAP), a program of the Center for Rural Affairs, is an available lending resource for small businesses, including in-home child care, for-profit and certain non-profit child care centers, that are experiencing a drop in revenue due to COVID-19. REAP is implementing an Express Loan that offers expedited funding of up to $7,500 for new borrowers and up to $10,000 for return borrowers. Business owners with emergency credit needs can apply at the Center for Rural Affairs, or contact REAP at 402-687-2100 or email@example.com.