Mayor Leirion Gaylor Baird today encouraged residents, businesses, and nonprofits impacted by the pandemic to apply for the economic resources and programs now available.
"Just as no one is immune to the virus itself, almost no one has been immune to the economic impact of the virus," Mayor Gaylor Baird said. "Whether you're a business owner or an employee, a tenant or a landlord, many are struggling right now. Fortunately, our community has proven to be resilient before, and we will be resilient again. While we won't get through the current crisis unscathed, we will weather the storm with relative strength if our community quickly adapts and uses available economic resources, and if we continue to lift both ourselves and one another up."
To help small businesses and nonprofits during the pandemic, the U.S. Small Business Administration (SBA) is providing cash flow assistance through two new loan programs - the Paycheck Protection Program and the Economic Injury Disaster Loan program. Through these programs, businesses and nonprofits can receive up to $10,000,000 in funding to help cover payroll and other costs, and some may be eligible for a cash advance of $10,000.
David Brown, a business owner and attorney at Brown Immigration Law, will present a virtual workshop on applying for SBA loans at 9 a.m. Monday, April 6, through LNKTV. He will walk through the application process and help put viewers in a position to apply for the loans immediately. The workshop is available in these ways:
Additionally, NMotion, in partnership with gener8tor and the Lincoln Partnership for Economic Development, is also helping small businesses by offering free coaching and information on SBA loans, changes in employment law, relief programs, and mental health resources. To access this resource, visit gen8lnk.com.
Recent congressional action increases the resources available to those facing reduced or lost work by expanding unemployment benefits. The bill does the following;
Those who may eligible under the bill include the following:
To apply, go to NEworks.nebraska.gov and register for an individual account. For assistance with completing the application, call 855-995-8863. That website also provides access to new jobs and employment opportunities.
"While many businesses have had to lay off staff or reduce employees' hours, some businesses are still hiring, like grocery stores, healthcare facilities, and manufacturing companies," said Gaylor Baird. "Many of the jobs that are coming available now serve critical community needs, such as ensuring access to food and healthcare, especially for the most vulnerable. I want to thank all the Lincoln residents who are satisfying or looking to satisfy these newly emerging needs in the community."
More information on COVID-19 as well as resources for residents and businesses is available at covid19.lincoln.ne.gov.