This is uncharted territory for cities and regions across the world.
At the Greater Wichita Partnership, the health and safety of our workforce, businesses and industries is our top priority.
As the business impacts related to the COVID-19 pandemic evolve, we want to be a source of information and resources for you and your business during this challenging time.
We are committed to working directly with the federal delegation, elected officials and community partners to identify what our community and business needs are, how we tackle those strategically and in a timely manner, and what resources are required to accomplish the identified support mechanisms.
Below are links to federal, state and local resources for you as you are navigating through this unprecedented moment. We will continue to update this page as new information, resources and news develops.
As of Monday, March 16, our team is currently working remotely. Each team member is available via phone, email and virtual/online meetings. Connect with our team.
The Coronavirus Aid, Relief, and Economic Security (CARES) Act
The Coronavirus Aid, Relief, and Economic Security (CARES) Act was recently enacted into law. The Act allocates $350 billion to help small businesses keep workers employed amid the pandemic. Known as the Paycheck Protection Program, the initiative provides 100% federally guaranteed loans to small businesses who maintain their payroll during this emergency.
Applications open April 3, 2020. These funds are allocated on a first come, first serve basis. Business and non-profits throughout the entire country will be applying and funds are expected to be depleted within days. Please contact your local bank as soon as possible.
Key information on the Paycheck Protection Program (PPP)
Act now to apply
The Wichita Regional Chamber of Commerce recently hosted a Facebook live conversation with Congressman Ron Estes on the CARES Act. Watch it now.
Additional resources for businesses are available through the CARES Act
Download a pdf guide from the U.S. Senate to learn more about the below programs.
SBA Economic Injury Disaster Loan Program
Businesses across the nation are experiencing a dip in revenues or other economic impacts (supply chain costs, etc.) caused by the COVID-19 disruption. The Federal Government has authorized the U.S. Small Business Administration to provide low-interest loans directly to small business through a new program titled the Economic Injury Disaster Loans, in order for these companies to stay operational during the crisis. These low-interest loans will help alleviate economic injury for small businesses and can assist companies in staying operational during the crisis.
Businesses can begin applying for disaster loan assistance through the SBA at https://disasterloan.sba.gov/ela.
Questions? Please contact the SBA disaster assistance customer service at 1-800-659-2955 or e-mail email@example.com.
Families First Coronavirus Response Act Becomes Law
The U.S. House of Representatives passed the Families First Coronavirus Response Act (H.R. 6201), which, among many other things, provides paid leave for employees who must stay home to care for themselves or their families during the COVID-19 pandemic. The Senate passed the Act, and President Trump signed it into law. The Act makes sweeping changes to the Family and Medical Leave Act (FMLA) and has immediate consequences for employers.
The Act creates two types of paid leave: (1) up to two weeks of sick leave for an employee who is subject to quarantine or experiencing COVID-19 symptoms, is caring for someone who is quarantined or ill, or is caring for a child who cannot go to school; (2) and up to 12 weeks of FMLA leave for an employee to care for a child who cannot go to school or daycare because of COVID-19. Employers will be subsidized for the paid leave through tax credits. Learn more here and at the links below.
Small business assistance information sessions
Kansas Small Business Development Center webinars
The Seward County Community College Kansas SBDC Regional Center will offer a webinar at 11:00 AM on April 2 on The CARES Act – Understand Your Business Options from an HR Perspective.
With a massive $2 trillion allocated for businesses, individuals, federal agencies, and state and local governments, the CARES Act has been designed to distribute capital quickly and broadly. There are a number of provisions that impact small businesses. Register for this webinar to understand how this Act is broken down and applies to you as a small business, and learn the new updates to the Families First Coronavirus Response Act (FFCRA).
Register in advance for this webinar at https://fhsu.zoom.us/webinar/register/WN_7GJRlby7Q4iNgr7poOxbXg
Powered by the U.S. Small Business Administration, SCORE offers free live webinars and online workshops to provide small businesses guidance and resources to navigate this unprecedented time.
IRS extends filing deadline and federal tax payments
The U.S. Treasury Department and Internal Revenue Service announced that the federal income tax filing due date is automatically extended from April 15, 2020, to July 15, 2020. Taxpayers can also defer federal income tax payments due on April 15, 2020, to July 15, 2020, without penalties and interest, regardless of the amount owed. This deferment applies to all taxpayers, including individuals, trusts and estates, corporations and other non-corporate tax filers as well as those who pay self-employment tax. Learn more.
Expedited process for $6.3 million in Community Development Block Programs
The State of Kansas has streamlined the application process for Community Development Block Programs. These economic development grants to cities or counties are loaned to provide gap financing for private businesses that create or retain permanent jobs. Previously, the review and public notice process took 30 days before loans could be issued. Now, the Department of Commerce can provide certification with 24 hours and communities can issue working capital loans to businesses in as little as two days. Learn more.
Unemployment benefits extension
Governor Laura Kelly recently signed this extension, extending unemployment benefits from 16 to 26 weeks. We appreciate the leadership of the Wichita Regional Chamber of Commerce for championing this effort as part of the Air Capital Commitment.
If you are a nonprofit organization or an individual who has been negatively impacted by COVID-19, view the press release announcing these funds to learn more.