New Updates

March 30 Updates
March 26 Updates
  • Greater Seattle Partners CEO predicts the Region Will Be Among the First to Recover from the COVID-19 Crisis, read more.
  • The Pierce County Council enacted the COVID-19 Emergency Small Business Relief Loan Program on March 24, 2020.
  • State launches web form to clarify “essential” businesses under COVID-19 Stay Home, Stay Healthy proclamation.
  • Export-Import Bank Extends Assistance to U.S. Customers and Lenders Amid COVID-19 Outbreak.
March 25 Updates
  • $2 trillion coronavirus stimulus package, read more.
  • Coronavirus impact on economic developers, read more.
  • How cities can reopen after the COVID-19 pandemic (Brookings).

Small Business Resources

Small Business Administration (SBA) Loans guaranteed by the SBA range from small to large and can be used for most business purposes, including long-term fixed assets and operating capital. The SBA works with lenders to provide loans to small businesses. The agency doesn’t lend money directly to small business owners. Instead, it sets guidelines for loans made by its partnering lenders, community development organizations, and micro-lending institutions. $20 million in supplemental funding is available to fund administrative expenses for loans to U.S. small businesses via the emergency spending bill passed by Congress on March 4.

If there is a presidential disaster declaration, SBA may offer low-interest disaster loans. The International Economic Development Council offers a step-by-step preparedness plan for local governments to put in place an economic development plan in case of disaster. The Institute for Business and Home Safety created an easy and practical toolkit for disaster preparation.

If there is a presidential disaster declaration, HUD offers a Block Grant recovery program for declared emergencies, with a special focus in low-income areas. Congress may appropriate additional funding for the Community Development Block Grant (CDBG) Program as Disaster Recovery grants to the affected areas and provide crucial seed money to start the recovery process. Since CDBG Disaster Recovery (CDBG-DR) assistance may fund a broad range of recovery activities, HUD can help communities and neighborhoods that otherwise might not recover due to limited resources.

Business and Employer Resources

The following are resources to help your local economy, and that of the region, manage and recover from these impacts as quickly as possible. The guidelines are not county-specific and provide a lot of information, including checklists, templates, and plans. We encourage you to share them with businesses and business organizations in your area.

Managing the Impacts

The effects of COVID-19, the disease caused by the novel corona virus, are impacting the economic health of our communities. Many businesses are affected by the telecommuting, supply chain, travel and tourism, and restaurant/retail impacts.

Health officials are the best sources of information about how to prevent the spread of the virus.

According to the Washington State Department of Health, if an employee is confirmed to have COVID-19 infection, employers should inform fellow employees of their possible exposure to COVID-19 in the workplace but maintain confidentiality as required by the Americans with Disabilities Act (ADA).

Employees exposed to a co-worker with confirmed COVID-19 should refer to CDC guidance for how to conduct a risk assessment of their potential exposure. See OSHA Guidance on occupational exposures
to COVID-19 here.

Employers should not be reporting these incidents to the public health agency; reporting happens through the employee to their doctor. Employers should not be sharing private health information.

Regional Business Resources

Click here for a spreadsheet of regional assistance listed
by type and source.

Learn More