State of Utah Resources
Utah Leads Together Small Business Bridge Loan Program
The Utah Governor’s Office of Economic Development is offering a bridge loan to Utah-based small businesses with 50 or fewer employees impacted by the COVID-19 pandemic. Loan amounts range from $5,000 to $20,000 with 0% interest for up to a 60-month period.
Utah small businesses will be able to apply for the Utah Leads Together Small Business Bridge Loan starting March 31, 2020, at 8:00 a.m. The first funding round ends April 3, 2020, at noon. Additional details available here.
The Utah Leads Together Plan
The Utah Leads Together economic response plan recognizes the value of facing uncertainty with a dynamic, data-informed, and unified plan. It gives structure and order, to what can otherwise be an unclear and difficult reality. The plan conveys three phases of response: urgent, stabilization, and recovery, which are designed to help businesses correctly balance the health of employees with planning imperatives necessary for continuing operations. Read the full plan here.
Paycheck Protection Programs
- Utah Bankers Association compiled an FAQ sheet highlighting federal, interest-free loans for payroll, utilities, rent, and mortgage assistance. Details here.
- Zions Bank Small Business Forgivable Paycheck Protection Program - a guide for small businesses, non-profits, and independent contractors. Details here.
State of Utah Resources for Business
Unemployment Information for Employers and Employees
The Department of Workforce Services continues to closely monitor the COVID-19 pandemic, under the direction of the Governor’s Office. Information and resources regarding services and COVID-19 are available here.
CARES ACT Funding
The CARES ACT, passed by Congress and signed by the President on March 27, 2020, is a $2 trillion aid program to provide emergency assistance and health care response for individuals, families, and businesses affected by the 2020 coronavirus pandemic. Learn more about what the CARES ACT means for Utah here.
SBA Disaster Loan Assistance and Paycheck
The SBA is providing low-interest disaster loans to help businesses and homeowners affected by the impacts of COVID-19. Learn more here.
Families First Coronavirus Response Act: Employer Paid Leave Requirements
The Families First Coronavirus Response Act (FFCRA or Act) requires certain employers to provide their employees with paid sick leave or expanded family and medical leave for specified reasons related to COVID-19. These provisions will apply April 1-December 31, 2020. Details here.
Summit County Resources
County Sales Tax Restrictions
Summit County has requested that the Governor suspend sales tax revenue restrictions to allow currently encumbered proceeds, such as Transient Room Tax, Restaurant Tax, and Restaurant Arts and Parks Tax to be used to assist small businesses and nonprofit entities in Summit County.
Park City Area Restaurants
On March 15, 2020, a Public Health Order was put in place prohibiting all dine-in food service. Area grocery and convenience stores to remain open. Restaurants, in compliance with Summit County Health Department guidelines, are authorized to continue operations on a limited basis through curbside take-out or drive-through service on a non-cash basis. Details:
Park City Municipal Corporation
Rent Abatement Program for City Tenants
PCMC is offering 60-day (April and May) rent abatement and will reevaluate the program as needed. Please contact Heinrich Deters, firstname.lastname@example.org, with questions.
Reduced Code Enforcement
Under the local emergency declaration, the City Manager, Matt Dias, issued administrative authority to reduce or suspend all but egregious violations of the parking and sign code.
Business Interruption Insurance Claims
PCMC is advocating through our Federal and State Lobbyist options help business owners eligible for further relief through their existing insurance.
Chamber of Commerce Business Impact Survey
Over 120 local businesses responded to a survey conducted by the Chamber, Summit County and Park City Economic Development to asses impacts of COVID-19 and resulting need.
Facebook Small Business Grants Program
Facebook is offering $100M in cash grants and ad credits for up to 30,000 eligible small businesses in over 30 countries where we operate. Learn more here.
The Brookings Institute compiled a 10 Point Preparedness Plan for how cities can reopen after the COVID-19 Pandemic. View full plan here.