Orange County IDA Offers April 2 Webinar for Small Businesses Affected by COVID 19
Posted in Uncategorized | Last Updated May 7, 2020
Funding Info to be provided by the Orange County IDA
As you may know, the United States federal government has released a very large stimulus package to help small businesses during the COVID-19 crisis.
Those programs should be up and running by the end of this week (April 3rd) and will cover things like payroll, rent, utilities, and, in some cases, even production costs.
The Orange County Industrial Development Agency (OCIDA) will host a free webinar with federal experts on Thursday, April 2nd at 4 PM to help Orange County, NY based businesses affected by COVID-19 understand and utilize the recently passed federal stimulus package, CARES ACT.
Webinar: April 2 at 4:00 pm
The webinar will explain the federal resources available to help local small businesses affected by COVID-19 and how they can apply for and utilize those resources to support their businesses.
Questions for webinar leaders can be submitted during the webinar. Those not responded to immediately will be responded to after the event.
The webinar will be recorded and available on the Orange County IDA’s website (https://www.ocnyida.com/) for people who are unable to join live.
Organize business paperwork for funding
Applications for the federal programs are just opening so business owners should consider pulling together basic financial information in order to be well positioned to apply as soon as the funding becomes available.
Paperwork and information most useful would be similar to what a bank would require for a business loan:
- payroll information
- tax returns or debt information
- sales forecasting
- EINs, etc.
In a separate press release issued last week (week of March 29th, 2020) the IDA announced affected businesses will be able to use the Orange County IDA as a resource to reboot their operations.
Through the recovery program, the IDA will immediately assist businesses to train, rehire and recruit employees; identify and solve supply chain and inventory shortfalls; clean and disinfect facilities believed to be exposed to the COVID 19 virus; provide business rehabilitation guidance; and, as mentioned, help fill out and apply for federal and local grant/loan applications.
The IDA announced it would have its own source of funding available to Orange County business with $500,000 in loans available to businesses that had to shutter because of COVID-19 as well.
About the Orange County Industrial Development Agency:
The Orange County Industrial Development Agency, a public benefit corporation organized under Article 18-A of the General Municipal Law of the State of New York, provides assistance to qualified companies through a program of incentives. While the IDA does not lend money, it offers a wide range of incentives to qualifying businesses to encourage job creation and job retention. These incentives include, but are not limited to, sales and mortgage tax exemptions, real property tax abatements and, in some cases, the issuance of tax-exempt bonds.
Abreviado en español.
ATENCIÓN: Como sabrán, el gobierno federal de los Estados Unidos ha lanzado
un paquete de estímulo muy grande para ayudar a las pequeñas empresas d
urante la crisis de COVID-19. Esos programas deberían estar en funcionamiento a fines de esta semana
(3 de abril) y cubrirán cosas como la nómina, el alquiler, los servicios
públicos y, en algunos casos, incluso los costos de producción. La Agencia de Desarrollo Industrial del Condado de Orange (OCIDA) organizará
un seminario web gratuito con expertos federales el jueves 2 de abril a las 4
p.m. para ayudar a las empresas con sede en el Condado de Orange, NY afectadas por COVID-19 a comprender y utilizar el paquete de estímulo federal aprobado recientemente, CARES ACT . Haga clic en el enlace para obtener información sobre cómo registrarse en
el seminario web.