Business Resources- COVID-19
Dacono Business Survey
Following is a brief survey being administered by the City of Dacono. Your responses to this survey will help the City of Dacono staff understand how businesses in Dacono are being affected by COVID-19 and enable us to assess the needs of our business community. Thank you in advance. Together we will get through this.- AJ Euckert, City Manager
Resources for Dacono Business Owners Impacted by COVID-19
Safer at Work- COVID-19 Best Practices Guidelines
Safer-at-Home replaces Stay-at-Home starting April 27th and will be a phased-in approach. The goal is to maintain 60-65% physical distancing. Specific guidance from the State of Colorado and local health authorities will be provided to a variety of affected industries including retail, offices, elective medical and dental services, child care, education, personal services, and real estate.
- Critical businesses will remain open with strict precautions, such as social distancing, masks for all employees, more frequent cleanings, etc.
- Retail businesses may open for curbside delivery and phased-in public opening with strict precautions.
- Elective medical and dental procedures will begin as strict protection measures are met to ensure adequate protective equipment and the ability to meet critical care needs.
- Personal services (salons, dog grooming, limited personal training, etc.) will open with strict precautions.
- Telecommuting continues for offices. Up to 50% of staff can work in person with social distancing in place.
- Nightclubs, gyms, and spas will remain closed.
Paycheck Protection Program (PPP)
The Paycheck Protection Program (PPP) 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. The Paycheck Protection Program will be available through June 30, 2020. This program is for any small business with less than 500 employees (including sole proprietorships, independent contractors, and self-employed persons), private non-profit organizations, or 501(c)(19) veterans organizations affected by coronavirus/COVID-19.
Update- April 24, 2020. On Thursday, April 23, 2020, Congress Passed the Paycheck Protection Program and Health Care Enhancement Act (PPP & HCE Act), and the President signed it into law Friday, April 24.
The Small Business Administration will resume accepting PPP loan applications on Monday, April 27 at 10:30AM EDT from approved lenders on behalf of any eligible borrower. This will ensure that SBA has properly coded the system to account for changes made by the legislation. The PPP has supported more than 1.66 million small businesses and protected over 30 million jobs for hardworking Americans." The SBA is encouraging "all approved lenders to process loan applications previously submitted by eligible borrowers and disburse funds expeditiously."
The PPP & HCE Act is an expansion of the Paycheck Protection Program (PPP) portion of the CARES ACT passed in late March. The original $350 billion earmarked for small business paycheck loans has been exhausted; the new legislation adds $310 billion more to the program. Additionally, the PPP & HCE Act includes:
- $60 billion for the SBA’s economic injury disaster loans and grants, including:
- $50 billion for economic injury disaster loans – each loan can be up to $2 million with interest rates not to exceed 4% and long-term repayment periods of up to 30 years;
- and $10 billion for grants of up to $10,000 that do not have to be repaid.
- $100 billion in emergency supplemental appropriations, $75 billion of which is designated for hospitals and health care providers, and $25 billion of which is designated for the ramp-up of COVID-19 testing.
- Additional funds are provided for the SBA to administer these programs.
It is critical that any small employers who have already applied for a PPP loan check with their lender, as the Interim Final Rule states explicitly, you can only apply for one PPP Loan. Contact your bank to see if they still have your application and whether or not it will be submitted when the SBA begins accepting new PPP loan applications. If you are a small business owner who has not applied for PPP loans, you can start your application now. You must submit SBA Form 2483 (Paycheck Protection Program Application Form) and payroll documentation.
Contact a Small Business Association lender if you have specific questions about eligibility, funding, etc.
Disaster Loan Assistance
The SBA provides emergency disaster loan assistance to eligible small businesses. Colorado Small Business Development Centers (SBDCs) have extensive information on eligibility and the application process on their websites. Each SBDC can provide knowledgeable, one-on-one, confidential business counseling related to choosing to apply and completing the application. Our local SBDCs include: East Colorado SBDC (Greeley), Larimer SBDC (Fort Collins) and Boulder SBDC. Colorado’s Office of Economic Development and International Trade (OEDIT) has a Disaster Response Hotline for businesses that have immediate questions (303) 860-5881.
Families First Coronavirus Response Act (FFCRA)
HR 6201, the Families First Coronavirus Response Act (FFCRA) temporarily provides for paid sick time, protected paid family leave, and insurance coverage for private employers with fewer than 500 employees and provides private businesses with payroll tax credits to offset the additional expenses incurred. This legislation has extensive guidance from the U.S. Department of Labor, but the Employers Council simplifies this language and NoCo’s Simply HR has recorded a detailed webinar on the requirements.
Upstate Colorado is providing to various State and Federal COVID-19 announcements, programs, and information relevant to Colorado businesses.
- Layoffs may be unavoidable due to COVID-19 related economic impacts. If your business is experiencing a reduction in workforce, please read the guidance provided by CDLE to better prepare your workers for their UI applications and to understand your responsibilities in the process. If you plan to rehire your staff when economic conditions improve, you may instruct your laid off staff to indicate in their Unemployment Insurance application that they intend to return to work for you (“Job Attached” classification). Your local Workforce Center (Weld, Larimer, Boulder) can help answer general questions about UI topics.
If you are looking for advice specific to your business, we recommend setting up a no-cost appointment with your local Small Business Development Center. Additional Info...
Applications for PPP re-opened on July 6. The deadline to apply is August 8. Additional Info...
City Council recently passed Emergency Ordinance 886, which temporarily suspends certain provisions of the Dacono Municipal Code to facilitate outdoor dining for restaurants in response to the COVID-19 disaster emergency. Read on...