The following is a list of local, state, and federal links to resources that you should find valuable during these challenging times. As provided by the Las Vegas Global Economic Alliance
https://www.clarkcountynv.gov/government/departments/economic_development/economic_recovery/index.php - Clark County’ Small Business Protective Retrofit Grant will provide up to $5,000 for facility modification, purchasing PPE, screening tools, training, touchless technology, and other items that qualify for safety implementation surrounding COVID. Please read the grant information eligibility carefully. Accepting applications now..
Tri-Chamber Grant Program is a grant assistance program, born out of the COVID Cares Act and Its purpose is to help small businesses who have been economically impacted by the pandemic. A joint effort between the Latin Chamber of Commerce, the Urban Chamber of Commerce and the Asian Chamber of Commerce. To apply, email: info@LVacc.org
https://housing.nv.gov/ The State of Nevada is providing $30 million to support the Program using Coronavirus Relief Funds authorized under the CARES Act. Funds under the State Program will also provide additional support to the existing $30 million in rental assistance which has been allocated by Clark County. Rental assistance funds will be offered as a grant to eligible Nevada tenants and are not required to be paid back. Funds will be awarded on a first-come-first serve basis and will be paid directly to landlords on behalf of tenants.
https://www.unlv.edu/econdev/SAGEsouth Sierra Accelerator for Growth & Entrepreneurship (SAGE) South works with inventors and entrepreneurs to determine if an idea or business qualifies for SBIR/STTR programs, find appropriate research grant opportunities, navigate the complex world of the government award process, and help write the best proposal possible. SAGE is a statewide partnership offered through the University of Nevada, Las Vegas, the University of Nevada, Reno, and APIO Innovation Transfer (APIOiX). Known as America’s Seed Fund, the Small Business Innovation Research (SBIR) / Small Business Technology Transfer Research (STTR) programs are the nation’s largest source of early-stage/high-risk funding for qualified, for-profit U.S. startups and small businesses.
https://www.sba.gov/page/coronavirus-covid-19-small-business-guidance-loan-resources#section-header-0 From the U.S. Small Business Administration, this link provides a gateway to Coronavirus Funding Options, Coronavirus Recovery Information in Languages other than English, Guidance for Business and Employers; Local Assistance; Join the SBA’s Relief Efforts; SBA Products and Resources; and Government Contracting
https://www.southernnevadahealthdistrict.org/covid-19-testing-sites/ links to the calendar of free COVID-10 Testing Sites provided by the Southern Nevada Health District.
www.diversifynevada.com/programs/procurement-assistance-outreach/ - For businesses interested in pursuing government contracts, subcontracts with government prime contractors, and pursue Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) Grants, the Nevada Procurement Technical Assistance Center (PTAC) provides no-charge service offerings who have been accepted into the program after completing a Nevada PTAC Client Questionnaire Form for consideration. The following two programs are administered by PTAC.
https://nevadajobconnect.com/Page/Post_a_Job_Opening for companies needing talent, post a job for free through this link. For additional information, call the Nevada JobConnect Business Services Office at 702.486.0129.
https://detr.nv.gov/Page/Employment_Security_Division_Rapid_Response Response is a free program that assist employers if they have to lay off employers or shut down For information on Rapid Response assistance call (775) 284-9660 or (775) 684-0362 or email: email@example.com
http://business.nv.gov/News_Media/COVID-19_Announcements/ link from Nevada’s Department of Business and Industry that provide industry related announcements and guidance as all Southern Nevada businesses navigate operating safely to meet state compliance with COVID-19.
http://business.nv.gov/Resource_Center/Business_Resource_Center_New/ link from Nevada’s Department of Business and Industry here is a useful link of resources gathered specifically for small businesses.
Home Means Nevada, Inc
A non-profit entity established by the Department of Business and Industry
Press release contact: Teri Williams, Public Information Officer- firstname.lastname@example.org
For Immediate Release: September 24, 2020
Homeowner Assistance Portal Launched to Assist Nevada Homeowners Impacted by COVID-19 Pandemic
LAS VEGAS, NV - Home Means Nevada, Inc. (HMN), a state-affiliated nonprofit organization that administers certain functions of the Foreclosure Mediation Program, has launched a new, innovative tool for struggling Nevada homeowners as part of its ongoing COVID-19 response initiative. Utilizing the existing foreclosure mediation portal, HMN has added The Homeowner Connect (THOC), a one-stop resource for homeowners experiencing financial hardship related to the COVID-19 pandemic. THOC can be accessed through the HMN website - http://www.homemnv.org/ - or by utilizing the direct link below.
“We are pleased to have the opportunity to make THOC available for all Nevadans and appreciate the cooperation of the mortgage servicing community as we assist Nevada homeowners in dealing with the events related to the COVID-19 public health emergency and further our efforts to promote home retention in our state,” said HMN President Shannon Chambers.
THOC offers features and access to information for Nevada homeowners on the steps that can occur prior to a default and potential participation in the Foreclosure Mediation Program if the homeowner is eligible. Homeowners that are currently in a forbearance related to COVID-19, not making payments, unable to make payments, or in other situations can receive information on what their options might be from a HUD certified counselor.
Should mortgage relief and home retention programs become available and implemented at both the state and federal level in the future, the THOC portal will connect homeowners to the programs for which they are eligible.
The Homeowner Connect portal is located at https://thehomeownerconnect.org/nevada and provides the following features and benefits:
¤ A free self-service portal to assist and provide information to homeowners and consumers and allow participating mortgage servicers to assist and interact with homeowners and consumers exchange documents through the portal
¤ On-demand assistance provided by Housing and Urban Development (HUD)-certified non-profit housing counselors
¤ Participating mortgage servicers agree to Standards of Conduct for responsiveness and transparency
¤ One-stop shop for homeowners and consumers to access and obtain information on mortgage terminology and potential mortgage assistance programs
¤ Proactively addresses potentially unlawful and predatory practices through the security of a state-sponsored portal
¤ An end-to-end audit trail of documented interactions and potential loan transfers between homeowners and mortgage servicers
About Home Means Nevada, Inc.
Home Means Nevada, Inc. (“HMN”), a state-affiliated nonprofit organization, was established for the development and execution of homeowner assistance to address the challenges and needs of distressed homeowners in Nevada. HMN oversees portions of the Nevada’s Foreclosure Mediation Program as established with the passage of Senate Bill 490 of the 2017 Nevada Legislative Session. HMN is governed by a board of directors. Shannon Chambers was appointed as the President of Home Means Nevada, Inc. in 2017 and has also served as the Nevada Labor Commissioner since 2014.
About IndiSoft, LLC
Columbia, Maryland-based IndiSoft LLC develops collaborative technology solutions for the financial services industry. Its RxOffice platform the core framework for The Homeowner Connect, provides advanced workflow management and rich data management tools that enhance risk-based assessment and help companies meet regulatory requirements. RxOffice provides efficient, reliable, and scalable solutions for companies, including mortgage servicers, investors, insurers, and law firms to name a few, that want to remain compliant, effectively manage workflow and maintain a competitive edge. Connect: www.indisoft.us | Twitter: @IndiSoftllc.
# # #
COVID-19 DISASTER RESPONSE
Nevada COVID-19 Response
The Cares Act assists eligible businesses looking for payroll support to keep Americans working. The Cares Act
Are you struggling to figure out which small business financing is appropriate for you?
The programs and initiatives in the Coronavirus Aide, and Relief and Economic Security (CARES) Act that was recently passed by Congress are intended to assist business owners with whatever needs they are experiencing right now. The Nevada Small Business Development Center (Nevada SBDC) is your First Call for Business Recovery! For immediate assistance regarding SBA Disaster Loan options and current labor laws, please visit us at www.nevadasbdc.org or call us at 800-240-7094.
Quick FACTS on CARES Act
The U.S. Small Business Administration (U.S. SBA) has increased efforts to alleviate the hardship experienced by small businesses by offering a number of loan options, the U.S. SBA Economic Injury Disaster Loan (EIDL), the Paycheck Protection Program (PPP), and the U.S. SBA Debt Relief Program.
• Economic Injury Disaster Loan – EIDL This is the primary loan offered by the U.S. SBA, and allows qualifying entities to borrow up to $2 million at 3.75% interest for small businesses and 2.75% interest for non-profit organizations with terms up to 30 years. All Nevada counties have been declared eligible for EIDL. This loan also allows small businesses the opportunity for a 10k quick cash infusion advance. The 10k advance can be distributed 1-3 days after the completion of the EIDL and does not need to be paid back. The business owner is allowed to keep these funds regardless of the approval of the EIDL. The loan funds may be used to pay fixed debts, payroll, accounts payable, and other bills that could have been paid had the disaster not occurred. EIDL is not intended to replace lost sales or profits, or for expansion.
• Paycheck Protection Program – PPP The Paycheck Protection Program provides small businesses with one .50% interest loan to pay up to 8 weeks of payroll costs (100% federally guaranteed through SBA local lenders). Payroll costs include all costs of an employee: salary or wages, commissions, bonuses, health insurance, retirement contributions, local and state payroll taxes, but cannot be used to compensate anyone in excess of an annualized salary of $100k per year, those residing outside US, or if already getting reimbursed for paid sick/family leave under the act passed two weeks ago. PPP funds can also be used to pay interest on mortgages, utilities and rent. The maximum loan size is 250% of average monthly payroll. This loan will be forgiven if staff and payroll are maintained. At least 75% of the forgiven amount must have been used for payroll.
*Starting April 3, 2020, small businesses and sole proprietorships can apply. Starting April 10, 2020, independent contractors and self-employed individuals can apply. Early application is encouraged because there is a funding cap and lenders will need time to process loans.
• Small Business Debt Relief Program Under this program, the U.S. SBA will cover all payments on existing non-disaster U.S. SBA loans, including principal, interest and fees for six months. This relief will also be available to borrowers who take out U.S. SBA loans within six months of March 27th, 2020.
Updated Labor Information for Small Businesses
As of 04/01/2020, the U.S. Department of Labor is providing an exemption from the emergency paid leave provisions of the Families First Coronavirus Response Act (FFCRA) for small businesses.
What you need to know:
• “Employers with fewer than 50 employees may claim an exemption from the emergency paid leave provisions of the Families First Coronavirus Response Act (FFCRA), and the exemption applies specifically to leave taken for reasons of child care and school closures related to COVID-19, according to a U.S. Department of Labor (DOL) guidance updated March 28.
• Small businesses with fewer than 50 employees, including religious and nonprofit organizations, are exempt from two aspects of the FFCRA’s provisions — (1) paid sick leave due to school closure, place of care closure or child care provider unavailability for COVID-19 related reasons; and (2) emergency paid leave under the Family and Medical Leave Act (FMLA) — when doing so would jeopardize the viability of the business, DOL said. An "authorized officer" of the business must determine whether it meets this criteria, according to the guidance.
Beware of SCAMS!
Please be wary of scammers during this time. The U.S. SBA will NOT ask for money to complete a loan application and will NOT ask for personal information over email. All personal information is collected through U.S. SBA’s secure online portal. When in doubt, contact U.S. SBA’s Disaster Office for confirmation of any requests you receive.
U.S. SBA Disaster Office phone: 1-800-659-2955
U.S. SBA Disaster Office email: email@example.com
Notice: Lapse in Appropriations
SBA is unable to accept new applications at this time for the Economic Injury Disaster Loan (EIDL)-COVID-19 related assistance program (including EIDL Advances) based on available appropriations funding.
Applicants who have already submitted their applications will continue to be processed on a first-come, first-served basis.
Manufacturing Retooling Repurposing for PPE
The Governor’s Office of Economic Development (GOED) and the state-designated Regional Development Authorities (RDAs) are assisting the Nevada COVID-19 Response, Relief and Recovery Task Force to secure needed medical supplies for the State’s battle against the COVID-19. The purpose of this survey is to provide manufacturers with the opportunity to support our Silver State’s medical needs with production capabilities, inventory, and/or repurposing/retooling of manufacturing processes to produce Nevada-specific health care in-demand products for fighting COVID-19.
Home Means Nevada, Inc. (HMN), a state-affiliated nonprofit organization that administers certain functions of the Foreclosure Mediation Program, has launched a new, innovative tool for struggling Nevada homeowners as part of its ongoing COVID-19 response initiative.
Copyright © 2018-2020
Laughlin Economic Development Corporation. All Rights Reserved.