Welcome to Connecticut’s Northeast!
The Northeastern Connecticut Chamber of Commerce serves the area as a non-profit professional organization whose mission is to promote the increased profitability of area businesses through a strong economy. During this unprecedented time, we have listed some important information for our membership.
Wishing you health and strength,
Betti Kuszaj, Executive Director
Important business links:
Connecticut Department of Labor
Public Assistance During COVID19 – 4/27/20
The most recent guidance/updates about unemployment benefits, including for those who are self employed.
Connecticut Department of Economic & Community Development
https://portal.ct.gov/DECD
Small Business Guide to the CARES Act
https://portal.ct.gov/-/media/Coronavirus/20200327-Small-Business-Owners-Guide-to-the-CARES-Act.pdf?la=en
The Paycheck Protection Program
https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/paycheck-protection-program-ppp
The Paycheck Protection Program is a loan designed to provide a direct incentive for small businesses to keep their workers on the payroll. SBA will forgive loans if all employees are kept on the payroll for eight weeks and the money is used for payroll, rent, mortgage interest, or utilities. You can apply through any existing SBA 7(a) lender or through any federally insured depository institution, federally insured credit union, and Farm Credit System institution that is participating. Other regulated lenders will be available to make these loans once they are approved and enrolled in the program. You should consult with your local lender as to whether it is participating in the program. Lenders may begin processing loan applications as soon as April 3, 2020. The Paycheck Protection Program will be available through June 30, 2020.
The Economic Injury Disaster Loan (EIDL) Program
https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/economic-injury-disaster-loan-emergency-advance
In response to the Coronavirus (COVID-19) pandemic, small business owners in all U.S. states, Washington D.C., and territories are eligible to apply for an Economic Injury Disaster Loan advance of up to $10,000. This advance will provide economic relief to businesses that are currently experiencing a temporary loss of revenue. Funds will be made available following a successful application. This loan advance will not have to be repaid.
Women’s Business Development Council Funding Opportunities
Learn about where you can access loans & grants to help during this pandemic.
https://ctwbdc.org/covid-19-resources/funding/
