Business and Employment during COVID-19
Helpful Resources for Businesses
If your business needs financial assistance, the state of Utah has set up a resource page. Here you will find answers to your questions, concerns, and how to apply for this program.
In addition, the Juab County Economic Development Department has offered any assistance your business may be in need of in applying for this program. If you need help please contact Brent Boswell at the Juab County Economic Development: firstname.lastname@example.org
Paycheck Protection Program
The Paycheck Protection Program (PPP) is a cornerstone of aid offered to provide small business loans on favorable terms to borrowers impacted by the current state of economic uncertainty. The national demand for funding in this program will outstrip the supply, so it is imperative that businesses reach out to their banks this week to qualify for loans. Utah banks and credit unions are working around the clock to provide aid to small businesses.
- More information can be found here: https://coronavirus.utah.gov/
- The Utah Economic Response Task Force put together this FAQ: https://business.utah.gov/wp-
content/uploads/2020/04/Utah- Economic-Response-Task-Force_ Email2-1.pdf
Juab County has issued a statement regarding this program:
Dear local businesses:
I know many of you have already applied for the Paycheck Protection Program, but for those with questions, here is a great link from the Utah Economic Task Force that will answer most of your questions.
Hope it helps!
Juab County Economic Development
Economic Injury Disaster Loan Program
The Small Business Administration’s Economic Injury Disaster Loan Program (EIDL) provides small businesses with working capital loans of up to $2 million to provide vital economic support to small businesses to overcome the temporary loss of revenue they are experiencing. All small business owners in Utah are eligible to apply for a low-interest loan.
- More information can be found here: https://www.sba.gov/
disaster-assistance/ coronavirus-covid-19#section- header-3
Financial Assistance Available for Utah Small Businesses
Utah small businesses are the backbone of the state’s diverse economy. That’s why the Governor’s Office of Economic Development wants you to know about the Save Small Business Fund, a new initiative of the U.S. Chamber of Commerce Foundation.
This grantmaking initiative offers short-term relief for small business owners struggling during the COVID-19 pandemic. The fund is a collective effort to provide $5,000 grants to as many small employers as possible, on a first-come, first-served basis.
To qualify, a business must:
- Employ between 3 and 20 people
- Be located in an economically vulnerable community
- Have been harmed financially by the COVID-19 pandemic
A short application will go live on the Save Small Business website on April 20, 2020, at 11 a.m. (MDT). The application takes about 10 minutes to complete. Applicants will need to provide their business’s W-9 form.
Grants are awarded weekly, but you only need to apply one time to be eligible for funding. Even if you don’t meet the eligibility requirements, please share this information with others.
The more Utah small businesses that apply, the better for our communities.
If you have been laid off due to COVID-19, join the Utah Department of Workforce Services for a daily virtual workshop to guide you through unemployment benefits, searching for a new job and more. To register, sign in or create a "my Job Search" account at jobs.utah.gov.
Need Additional Resources regarding employment?