The Coronavirus Aid, Relief, and Economic Security (CARES) Act is a federal package of measures to provide economic support to the business sector, employees, individuals, and families in the wake of the COVID-19 outbreak.
Applications Now Open - The Paycheck Protection Program (PPP) initiative provides federally guaranteed loans to small businesses to help keep workers employed amid the pandemic and economic downturn.
Applications Now Open - The EIDL program was created to assist businesses, renters, and homeowners located in regions affected by declared disasters
The Federal Reserve established the Main Street Lending Program to enhance support for small and mid-sized businesses that were in good financial standing before the crisis by offering 4-year loans to companies employing up to 10,000 workers or with revenues of less than $2.5 billion.
The CARES Act created a new employee retention tax credit for private employers, including nonprofits, who are closed, partially closed or experiencing significant revenue losses as a result of COVID-19.
Additional funding resources are available for small and medium sized businesses to aid in disaster recovery.
Enable small businesses that currently have a business relationship with an SBA Express Lender to access up to $25,000 quickly.
The SBA is providing a financial reprieve to small businesses during the COVID-19 pandemic.
Follow this guide to apply for an SBA Disaster Loan.
The SBA is offering all designated states and territories a variety of additional resources to small businesses suffering substantial economic injury as as a result of COVID-19.
State and local governments have developed resources to assist businesses navigating the current situation and recovery.
This detailed report helps Texans understand phase one by outlining the new protocols, guidance, and recommendations. The report also includes a series of Open Texas Checklists that outline DSHS minimum standard health protocols for all Texans.
The Office of the Texas Governor provides COVID-19 updates, resources, and information for Texas businesses.
With 14 locations, the University of Houston Texas Gulf Coast SBDC Network open and available to assist small businesses impacted by COVID-19.
Texas Association of Business is working to inform and equip businesses with the most important and up-to-date information to prevent the spread of the virus and prepare businesses for the near and long-term impact.
The Houston Association of Government Guaranteed Lenders provides a list of all approved SBA lenders in the Greater Houston area.
The Houston Business Journal published an article on how the top PPP lenders in Houston are handling applications, which includes a list of the top 25 landers with the most local PPP loans approved from April 6-9, 2020.
The Texas COVID Relief Fund will provide critical funding and resources to organizations across the state working on the ground to support the economic recovery of local communities. Funds raised will be distributed through grants focused on the areas of community and economic development, healthcare, and education.
The Texas Workforce Commission (TWC) is working with federal, state and local government officials and agencies to help manage the Coronavirus (COVID-19) pandemic. Below are important resources for employers facing coronavirus-related workforce disruptions.
With an in-depth understanding of the local labor pool and regional opportunities, Workforce Solutions provide the resources, intelligence, and tools businesses need to navigate the local market and build, retain, and upskill their workforce.
The Worker Adjustment and Retraining Notification (WARN) Act helps ensure advance notice in cases of qualified plant closings and mass layoffs.
Businesses that file a WARN notice can receive immediate early intervention assistance designed to transition workers to their next employment as soon as possible. Rapid Response services are tailored to each company, based on the needs of the affected employees.
The Shared Work program provides Texas employers with an alternative to layoffs. TWC developed this voluntary program to help Texas employers and employees withstand a slowdown in business.
The Texas Workforce Commission continues to provide up-to-date resources for employers to withstand a slowdown in business due to the impacts of COVID-19.
The Partnership continues to gather additional federal, state and local resources relevant to aiding business affected by the Coronavirus in their recovery efforts.
Resources for small businesses compiled by the U.S. Chamber including toolkits, financial relief options.
RestoreYourEconomy offers resources for economic development leaders to help support their economies in the short and long term.
SCORE is offering advice and assistance from its business mentors, including how to navigate financial challenges during unprecedented challenges.
The Initiative for a Competitive Inner City has created a small business resource center for COVID-19 that provides updates on initiatives to mitigate unexpected financial losses.
USDA and its Federal partners have programs that can be used to provide immediate and long-term assistance to rural communities affected by the COVID-19 outbreak.
Please contact Partnership Public Policy Director Ben Melson for additional details.