Assistance

Iowa Economic Development Authority logoIowa Economic Development Authority

January 22, 2021

Iowa Restaurant and Bar Relief Grant Program - An Extension of the Iowa Small Business Relief Grant Program

Governor Reynolds has allocated $40 million in federal CARES Act funds to provide financial relief for eligible restaurants and bars that were impacted during the COVID-19 pandemic due to closures and other mitigation efforts.

The Iowa Restaurant and Bar Relief Program may assist eligible businesses that experienced a decrease in gross sales of at least 15% during the second and third quarters of 2020, (April 1- September 30), compared to the same time the previous year, as evidenced by the Iowa Sales/Retailer’s Use Tax and Surcharge Return.

Grant award amounts will be determined using a tiered system based on the percent of gross sales loss. Award tier maximums will range from $10,000 to $25,000.

Application Period
The online application will be available at iowabusinessrecovery.com from Monday, February 1 at noon to Monday, February 15 at 5:00 p.m. All applications submitted within that period will be considered for an award. Please note that the program is not first come, first serve.

More Information
Additional eligibility and application details will be issued in a press release and will be available here the week of January 25.

Who Qualifies?

To be eligible for a grant, the applicant must demonstrate that it:

  • Experienced a decrease in gross sales of at least 15% during the second and third quarters of 2020, (April 1 - September 30), compared to the same time the previous year, as evidenced by the Iowa Sales/Retailer's Use Tax and Surcharge Return

Additional eligibility and application details will be issues in a press release and will be available here the week of January 25.

 

IEDA Community Development Block Grant (CDBG) Funds

As public health professionals, you work within communities and can assist in identifying the infectious disease response necessary to support citizens.

Please use this guide to determine if the federally funded Community Development Block Grant (CDBG) administered by the Iowa Economic Development Authority (IEDA) can be of assistance.

Funds Available

  • $2,400,000 
  • No match funds required

Granting Agency
Iowa Economic Development Authority (IEDA)
Contact: Nichole Hansen
cdbg@iowaeda.com or 515.348.6215

Eligible Applicants

  • All 99 counties
  • All cities are eligible to apply EXCEPT Council Bluffs, Sioux City, Ames, 
  • Des Moines, Waterloo, Cedar Rapids, Cedar Falls, Iowa City, Dubuque,
  • Davenport and West Des Moines. These cities receive their own CDBG
  • funds and may also have funding available

Eligible Sub-Applicants

Non-profit organizations – letter application MUST come from city or county, but the money can be subgranted to a non-profit to carry out the activity.

Method of Application

  • Letter on city or county letterhead
  • Describe project
  • Describe need
  • Describe amount of funding requesting
  • Describe why other funding is not available
  • Include a statement that the proposed project is in response to the
  • COVID-19 pandemic

Email completed letters of application to cdbg@iowaeda.com or mail to:

Iowa Economic Development Authority
1963 Bell Avenue, Suite 200
Des Moines, Iowa 50315


SBA logo

January 13, 2021

SBA Re-Opening Paycheck Protection Program to Small Lenders on Friday, January 15 and All Lenders on Tuesday, January 19.

Lenders with $1 Billion or Less in Assets Will be Able to Submit First and Second Draw PPP Applications on Friday – Continuing Dedicated Access for Community-Based Lenders

 


US House of Representatives SealPresident of the United States SealUS Senate Seal

The CARES Act

Paycheck Protection Program Flexibility Act - Forbes Magazine, June 5, 2020

Paycheck Protection Program Loan Forgiveness information and application

Coronavirus Emergency Loans Small Business Guide and Checklist- Prepared by the U.S. Chamber of Commerce

Funding Opportunities Available to Childcare Programs- Iowa Department of Human Services

Coronavirus Food Assistance Program - USDA farmers.gov
Farmers or ranchers whose operations have been directly impacted by the coronavirus pandemic can get direct relief.


Iowa Economic Development Authority

Iowa Economic Development Authority

IEDA Community Development Block Grant (CDBG) Funds

As public health professionals, you work within communities and can assist in identifying the infectious disease response necessary to support citizens.

Please use this guide to determine if the federally funded Community Development Block Grant (CDBG) administered by the Iowa Economic Development Authority (IEDA) can be of assistance.

Funds Available

  • $2,400,000 
  • No match funds required

Granting Agency
Iowa Economic Development Authority (IEDA)
Contact: Nichole Hansen
cdbg@iowaeda.com or 515.348.6215

Eligible Applicants

  • All 99 counties
  • All cities are eligible to apply EXCEPT Council Bluffs, Sioux City, Ames, 
  • Des Moines, Waterloo, Cedar Rapids, Cedar Falls, Iowa City, Dubuque,
  • Davenport and West Des Moines. These cities receive their own CDBG
  • funds and may also have funding available

Eligible Sub-Applicants

Non-profit organizations – letter application MUST come from city or county, but the money can be subgranted to a non-profit to carry out the activity.

Method of Application

  • Letter on city or county letterhead
  • Describe project
  • Describe need
  • Describe amount of funding requesting
  • Describe why other funding is not available
  • Include a statement that the proposed project is in response to the
  • COVID-19 pandemic

Email completed letters of application to cdbg@iowaeda.com or mail to:

Iowa Economic Development Authority
1963 Bell Avenue, Suite 200
Des Moines, Iowa 50315

 


U.S. Small Business Administration

Small Business Administration

June 15

SBA’s Economic Injury Disaster Loans and Advance Program Reopened to All Eligible Small Businesses and Non-Profits Impacted by COVID-19 Pandemic

May 4

SBA to Make Economic Injury Disaster Loan Available to U.S. Agricultural Businesses Impacted by COVID-19 Pandemic.

April 1

Treasury Issues Guidelines, Application Form for SBA Paycheck Protection Program

Applications begin April 3rd

Read the Information Sheet for Lenders

Read the Information Sheet for Borrowers

-------------------

SBA Disaster Loan Assistance Portal

March 26th - 

Apply for an Economic Injury Disaster Loan online through the SBA portal: https://disasterloan.sba.gov/ela/

  • NOTE: After applicants have completed the PDF versions of application forms, people should double-check to see if the online Electronic Loan Application has been restored before sending the PDF forms to the SBA via email or regular mail. 

 

U.S. Small Business Administration
Processing and Disbursement Center
14925 Kingsport Rd.
Ft. Worth, TX 76155-2243

(The SBA recommends online or email. Mailing the application will add 1-2 weeks to the application process)                                                                                                        

  • If it turns out that the applicant can log-in to the Electronic Loan Application at that point, they should transfer the information they typed into the PDF version of the forms and enter the information into the Disaster Loan Application Portal. While this may be duplicative work, the Disaster Loan applications submitted through the portal will take less time for the SBA to process.

Automatic Deferment on Existing SBA Disaster Loans Through End of 2020 (sba.gov, 3/23/20)

Today, U.S. Small Business Administration Administrator Jovita Carranza announced changes to help borrowers still paying back SBA loans from previous disasters. By making this change, deferments through December 31, 2020, will be automatic. Now, borrowers of home and business disaster loans do not have to contact SBA to request deferment.

Read the full story.

 


USDA Rural Development LogoUSDA Rural Development

USDA Rural Development Implements Immediate Measures to Help Rural Residents, Businesses and Communities Affected by COVID-19

USDA Rural Development has taken a number of immediate actions to help rural residents, businesses and communities affected by the COVID-19 outbreak. Rural Development will keep our customers, partners, and stakeholders continuously updated as more actions are taken to better serve rural America.

Read the full announcement to learn more about the opportunities USDA Rural Development is implementing to provide immediate relief to our customers, partners, and stakeholders.

 


Farm Bureau logoFarm Bureau

What's in the CARES Act for Food and Agriculture

  • The act provides a total of $24.6 billion for domestic food programs – representing 50% of the total agricultural program funding in the bill.  
  • $25 million for distance learning and telemedicine programs
  • $185 million to support rural critical access hospitals, rural tribal health and telehealth programs, and poison control centers

Iowa Small Business Relief FundFinancial Empowerment Center

Iowa Small Business Relief Fund

Iowa organizations are joining ranks to uplift the small business community throughout the entire state, starting the Iowa Small Business Relief Fund; in response to COVID-19. This alliance includes: The Director’s Council, Immigrant Entrepreneurs Summit, League of United Latin American Citizens - Iowa (LULAC Iowa), One Voice, Iowa State Extension, DREAM Iowa,  Iowa Community Capital, Ethnic Minorites of Burma Advocacy Center (EMBARC Iowa), Des Moines Branch of the NAACP, Latino Resources of Iowa, and Financial Empowerment Center (DMACC).

For small businesses disrupted by COVID-19 with 1-7 employees that are not recipients of Federal and State Small business relief dollars.  ‚Äč


The Verizon Small Business Recovery Fund

One of the U.S.’s most popular cell phone companies, Verizon, has pledged to help small businesses impacted by COVID-19. The Verizon Small Business Recovery Fund is offering grants to business owners facing financial hardship, particularly focusing on business owners of color, women, and other marginalized groups. $10,000 grants will be offered to those who qualify. To fill out an application, visit their website.

 


The Red Backpack Fund by Spanx

Women’s undergarment company Spanx has announced that a donation of $5 million is going to support women business owners who have been negatively impacted in some way by COVID-19. 1,000 female business owners within the United States will receive $5,000 of funding. Applications will be open until August. To learn more about the relief fund and how to apply, click here.

 


The Doonie Fund

A social startup called digitalundivided is now providing relief for those impacted by COVID-19. Through a new fund called The Doonie Fund, named after the CEO’s grandmother, aid will be provided specifically for Black female entrepreneurs who have experienced hardships as a result of COVID-19. The fund, which was established on April 5th, 2020 has helped more than 93 entrepreneurs by providing micro-investments of $500 or less. Eligible entrepreneurs can apply through their website.  

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