Emergency Business Damage Assessment Survey
Governor Ron DeSantis has activated the Business Damage Assessment Survey to assess the impact of COVID-19 on Florida’s local business operations. The survey, managed by the Florida Department of Economic Opportunity (DEO), will evaluate businesses affected by COVID-19 and the impacts the virus has had on the local economy so actions to implement appropriate relief programs can begin.
The Business Damage Assessment Survey can be taken online. Results from this survey will be shared with state agencies and local partners. Completing this survey could help unlock State and Federal funding. For inquiries or assistance with the survey, businesses can contact Emergency Support Function 18 at ESF18@em.myflorida.com.
Miami-Dade County COVID-19 Small Business Relief Program
Miami-Dade County has implemented a relief program in response to the impacts on small businesses brought on by the novel Coronavirus (COVID-19) outbreak. Approved by the Board of County Commissioners, the $5 million Small Business Assistance Forgivable Loan Program (SBAFLP) utilizes United States Department of Housing and Urban Development (HUD) Community Development Block Grant (CDBG) funds allocated through the Federal Coronavirus Aid Relief and Economic Security Act (CARES Act).
Forgivable loans will be up to $25,000 with a 0% interest rate and no origination fees. The company must retain employees in their permanent jobs, after twelve (12) months from the date of approval for assistance, the borrower will be deemed to have met the requirements of the program and the loan will be satisfied so long as the employer can show documentation that no jobs have been lost.
Who is Eligible?
- Business is a for-profit located and operating in Miami-Dade County
- Business must have less than 25 employees
- Business must not have been approved or received funds from any institution under the Paycheck Protection Program Loan (PPP)
- Must have employees that will be retained with these funds
Use of Funds Eligible
- Salaries of current employees
- Personal protective equipment
Small Business Administration (SBA) Economic Injury Disaster Loan Emergency Advance
The Small Business Administration (SBA) Economic Injury Disaster Loan (EIDL) Program is available to small businesses and nonprofits that have been severely impacted by COVID-19. These targeted, low-interest loans of up to $2 million can provide vital economic support to help overcome the temporary loss of revenue during this time. The EIDL allows for an advance of up to $10,000.
Small Business Paycheck Protection Program
NOTICE: The Paycheck Protection Program resumed accepting applications July 6, 2020, at 9:00 AM EDT in response to the Paycheck Protection Program Extension Act. The new deadline to apply for a Paycheck Protection Program loan is August 8, 2020.
The Paycheck Protection Program is a loan designed to provide a direct incentive for small businesses to keep their workers on the payroll.
SBA will forgive loans if all employees are kept on the payroll for eight weeks and the money is used for payroll, rent, mortgage interest, or utilities.
You can apply through any existing SBA 7(a) lender or through any federally insured depository institution, federally insured credit union, and Farm Credit System institution that is participating. Other regulated lenders will be available to make these loans once they are approved and enrolled in the program. You should consult with your local lender as to whether it is participating in the program.
Miami-Dade County is committed to helping businesses get back to work. If you’re re-opening your small business and need assistance, Miami-Dade County is offering the Back-to-Business Box.
These boxes come with Personal Protective Equipment (PPE) to assist with safety requirements. Please see the requirements for small business owners below and follow the application process for the issuance of PPE. Supplies are limited and will be provided as available on a first come first serve basis.
You can track the status of your stimulus checks using the Internal Revenue Service’s (IRS) Get Your Payment application. You can find out when it’s scheduled to be mailed or deposited into your bank account.
You can also use the application to provide your direct deposit information as well as update your mailing address if you have moved since you last filed federal income taxes.
U.S. citizens and permanent residents who did not have to file federal income taxes in 2018 or 2019 can enter their direct deposit information to receive their stimulus check.
Coronavirus Tax Relief
The 2019 income tax filing and payment deadlines for all taxpayers who file and pay their Federal income taxes on April 15, 2020, are automatically extended until July 15, 2020. This relief applies to all individual returns, trusts, and corporations. This relief is automatic, taxpayers do not need to file any additional forms or call the IRS to qualify.
This relief also includes estimated tax payments for tax year 2020 that are due on April 15, 2020.
Penalties and interest will begin to accrue on any remaining unpaid balances as of July 16, 2020. You will automatically avoid interest and penalties on the taxes paid by July 15.
Individual taxpayers who need additional time to file beyond the July 15 deadline can request a filing extension by filing Form 4868 through their tax professional, tax software or using the Free File link on IRS.gov. Businesses who need additional time must file Form 7004.
In certain circumstances, employers can apply for an advance from the IRS to obtain funds to provide paid leave. The IRS has issued a press release explaining some of the benefits that are available.
For more information, visit irs.gov.
Small Business Tax Payers
The state’s Department of Revenue has a special email address, COVID19TAXHELP@FloridaRevenue.com, to answer questions for small business taxpayers and encourage taxpayers to work with the department if they have financial difficulties with meeting taxpayer deadlines.
Short-Time Compensation Program (Florida Department of Economic Opportunity)
The Short-Time Compensation Program is a voluntary employer program designed to help employers maintain their staff by reducing the weekly working hours during temporary slowdowns instead of temporarily laying off employees. If an employer establishes a Short Time Compensation Plan and an employee meets the qualifications to file a re-employment assistance claim in the state of Florida, the employee will receive a partial re-employment check to supplement their reduced paycheck.
Employers: Apply for the Short Time Compensation Program (required for employees to submit a re-employment claim).
Small Business Assistance
The Miami-Dade Beacon Council is providing resources to support local businesses and employees. For more business information about COVID-19, visit the Beacon Council website or email firstname.lastname@example.org.
The Greater Miami Chamber of Commerce also has a business resource guide.
Through the federal CARES Act, billions of dollars are available for small businesses in the form of loans and grants, such as Economic Injury Disaster Loans and the Paycheck Protection Program, both of which are administered by the U.S. Small Business Administration.
Families First Coronavirus Response Act
The Families First Coronavirus Response Act (FFCRA or Act) requires certain employers to provide their employees with paid sick leave or expanded family and medical leave for specified reasons related to COVID-19. The Department of Labor’s (Department) Wage and Hour Division (WHD) administers and enforces the new law’s paid leave requirements. These provisions will apply from the effective date through December 31, 2020.
Employer Notice: Each covered employer must post in a conspicuous place on its premises a notice of FFCRA requirements. Employer requirements fact sheet. The Department of Labor has issued a press release indicating that it intends to observe a 30-day period of non-enforcement for employers who engage in reasonable, good-faith efforts to comply with the FFCRA.
Florida has eliminated the ‘work search’ requirement’ for unemployment benefits.
To apply for unemployment online click here.
For more information, visit floridajobs.org.
Temporary Signage for Businesses in Sunny Isles Beach
The City of Sunny Isles Beach would like to provide temporary assistance to our business community and will allow installation of temporary flag banners along Collins Avenue. In order to take advantage of this opportunity, please follow the steps below:
- Email email@example.com with the following information:
- Name, address, and type of business
- Contact information including name, phone and email of site manager/owner
- Hours of operation (days and hours)
- Picture or graphic of the proposed temporary flag banner (one per business)
- Dimensions of the proposed temporary flag banner (one per business)
- Temporary flag banner content
- Contact information (name, phone, email) of person in charge of installing and removing banner on a daily basis
- Prior to installing your temporary flag banner, you shall receive a notification of approval from firstname.lastname@example.org with the specific location where to install your flag banner
- There will be NO fee to request a temporary flag banner, however, Code Compliance will assess $250 daily fines if guidelines are not followed