Information has been changing quickly on resources and requirements related to COVID-19.
As information is confirmed, we will provide updates. If you have any questions or need assistance finding answers, please contact us.
PA Plan - "Process to Re-Open":
Currently proposed as a three phase process, with "red", "yellow" and "green" phases.
Links to Resources:
The CARES Act was signed into law March 27, 2020. It includes several provisions of interest for businesses and employers, including funding options and enhanced unemployment compensation.
A Shared-Work plan allows an employer to temporarily reduce the work hours of a group of employees and divide the available hours equally rather than laying off any employees. Employees covered by a Shared-Work plan receive a percentage of their Unemployment Compensation (UC) Weekly Benefit Amount (WBA), while they work the reduced schedule, if they are otherwise eligible for UC.
The Families First Coronavirus Response Act (FFCRA or Act) requires certain employers to provide employees with paid sick leave or expanded family and medical leave for specified reasons related to COVID-19. The Department of Labor’s (Department) Wage and Hour Division (WHD) administers and enforces the new law’s paid leave requirements.
NEW GRANT: COVID-19 Hospitality Industry Recovery Program (CHIRP)
A new grant opportunity will open in March 2021 that will allocate $145 million in funding assistance statewide to the hospitality industry businesses adversely affected by the COVID-19 pandemic. The Tioga County Commissioners have applied for the funds that Tioga County is eligible to receive, $459,748.
Develop Tioga will be administering the grant for Tioga County eligible businesses. Additional information will be posted soon. Interested businesses may use the Contact Us button above to ask questions or to be added to the distribution list to receive updates including notification when the application period is open. You may also call our office at (570) 723-8232.
The Small Business Administration has options available for small businesses in need of funding due to issues related to COVID-19.
Please Note: Each business should review the options available and look at their own situation to determine which options may be best for your business. You may also want to consult your accountant for their guidance. Each option has different loan payment terms and interest rates.
Economic Injury Disaster Loan (EIDL) - Please Note - the funds must be spent on EIDL allowable costs for your business, and you must keep documentation as proof. There is a 30 year term for payment that can be paid off early with no penalty. Apply here.
Payroll Protection Program (PPP) - The PPP is a loan designed to provide a direct incentive for small businesses to keep their workers on the payroll. The program provides loan forgiveness for retaining employees by temporarily expanding the traditional SBA 7(a) loan program. You must apply through a SBA 7(a) approved lender. This loan must have any portion that is not forgiven - paid in full within 2 years.
SBA Express Bridge Loans - This loan enables small businesses with a business relationship with an SBA Express Lender to access up to $25,000 quickly. This will provide eligible businesses with up to $25,000, in a fast turnaround time, and will be repaid in part or in full from
SBA Debt Relief - This program provides debt relief to eligible businesses by covering the principal, interest and fees of current and new customers.
If you have any questions on COVID-19 and your options for funding, please contact us.
DAIRY FARM RESOURCES
Center for Dairy Excellence
The Center for Dairy Excellence has compiled an extensive list of COVID-19 resources for Dairy Farmers.
PA Call to Action Portal
Pennsylvania has launched a on-line resource for manufacturers. The Pennsylvania Manufacturing Call to Action Portal is available to:
• Match manufacturers and distributors to fill specific supply chain needs to meet increasing demands for medical supplies and related products.
• Assist manufacturers that have workforce needs or gaps and aid them in identifying skilled workers.
• Identify manufacturers that can pivot or innovate to fulfill the demand for medical supplies and related products.
COVID-19 Financial Help
Available Options for Business Funds:
Economic Injury Disaster Loan
Payroll Protection Program
Line of Credit - Request or Expand
Rent/Mortgage - Request Deferment
Credit Cards/Loan Payments -Defer
INTERNAL REVENUE SERVICE
Economic Impact Payment
The payments, also referred to by some as stimulus payments, are automatic for most taxpayers. No further action is needed by taxpayers who filed tax returns in 2018 and 2019 and most seniors and retirees. Additional Information.
Tax Relief for Businesses
Information on tax credits related to COVID-19 is available on the IRS website:
If you believe you may have been exposed to COVID-19 in your workplace, you may be eligible for Workers' Compensation (WC) by either:
Notifying your employer to file a typical "disease-as-injury" WC claim, which requires you to provide medical evidence that you were exposed to COVID-19 in the workplace
Notifying your employer to file an "occupational disease" WC claim, which requires you to show that COVID-19 is occurring more in your occupation/industry than in the general population