COVID-19 Public Assistance Applicant Briefing
The NC Division of Emergency Management is offering on-demand COVID-19 applicant briefings beginning April 6th. Click here for further information.
Is your business considered an Essential Industry? NEW Protocol for Essential Business:
Businesses excluded from the list of COVID-19 Essential Businesses and Operations set forth in the statewide stay-at-home executive order who believe that they may be essential may direct requests to be included to the North Carolina Department of Revenue. The Department may grant such a request if it determines that it is in the best interest of the State to have the business continue operations in order to properly respond to this COVID-19 pandemic. A business that has made a request to the Department to be included as a COVID-19 Essential Business or Operation may continue to operate until that request is acted upon. To submit a request, contact the North Carolina Department of Revenue.
Updates and Links from Bill Slagle, State Director-Existing Industry Expansion Team,Economic Development Partnership of North Carolina (EDPNC)
2. The Tax Foundation Summary: https://taxfoundation.org/cares-act-senate-coronavirus-bill-economic-relief-plan/
3. The National Law Review: https://www.natlawreview.com/article/summary-cares-act
- “Forgivable SBA Loan Program – The CARES Act creates a new type of loan for the United States Small Business Administration (the “SBA”) to administer. Unlike the disaster loans currently available through the SBA, these loans are potentially forgivable up to 100% of the principal amount borrowed. Additionally, unlike the disaster loans, these forgivable loans are not tied directly to establishing losses suffered during the national disaster — there is a presumption of negative impact from COVID-19. These loans do not require collateral or guarantees.” (The National Law Review)
- “Expanded unemployment insurance (UI) for workers, including a $600 per week increase in benefits for up to four months and federal funding of UI benefits provided to those not usually eligible for UI, such as the self-employed, independent contractors, and those with limited work history. The federal government is incentivizing states to repeal any “waiting week” provisions that prevent unemployed workers from getting benefits as soon as they are laid off by fully funding the first week of UI for states that suspend such waiting periods. Additionally, the federal government will fund an additional 13 weeks of unemployment benefits through December 31, 2020 after workers have run out of state unemployment benefits.” (Tax Foundation)
- “Loan Amount: 2.5 times your average monthly payroll costs limited to $10 million. 10-year loan with an interest rate of 4.0% or lower. No prepayment penalties. (Further definition of payroll costs will be defined, but 1099 contractors are included in this calculation). Loan Forgiveness is included: the amount of the loan used to pay for payroll, rent, utilities, and mortgage interest from February 15, 2020, through June 30, 2020, will be forgiven. The debt forgiven will not be considered taxable income.“ (CPA Practice Advisor)
- Section 2, Sub-Section C: For purposes of this Executive Order, a COVID-19 Essential Business and Operation includes the following Businesses, not-for-profit organizations and educational institutions. It proceeds to list sections 1 – 30.
- Section 2, number 2: Businesses operating in CISA identified sectors. Businesses, not-for-profit organizations or educational institutions operating in the federal critical infrastructure sectors as outlined at https://www.cisa.gov/identifying-critical-infrastructure-during-covid-19 or any subsequent guidance by the U.S. Department of Homeland Security that amends or replaces said guidance.
- Section 2, number 26: Manufacture, distribution, and supply chain for critical products and industries.“Manufacturing companies, distributors, and supply chain companies producing and supplying essential products and services in and for industries such as pharmaceutical, technology, biotechnology, healthcare, chemicals and sanitization, waste pickup and disposal, agriculture, food and beverage, transportation, energy, steel and steel products, petroleum and fuel, mining, construction, communications, as well as products used or commonly sold by other COVID-19 Essential Businesses and Operations.
- Section 2, Sub-Section F: Businesses that have reviewed the Governor’s order and determined they may continue operations do not need to contact the NC Department of Revenue. If they feel they are excluded from the list of COVID-19 Essential Businesses and Operations but believe that they may be essential, then they have the opportunity to make a request to the Department to be included as a COVID-19 Essential Business or Operation. A business that has made a request to the Department to be included as a COVID-19 Essential Business or Operation may continue to operate until that request is acted upon. https://www.ncdor.gov/home/ncdor-actions-covid-19/covid-19-essential-businesses
- From the Governor’s’ FAQs provided with the Stay At Home Order:
- How will this Executive Order be enforced? Governor Cooper is seeking voluntary cooperation from all state residents and businesses to ensure the health and safety of our communities. If voluntary cooperation is not achieved, state and local law enforcement officers have the authority to enforce the Order.”
High Country COG
Area Agency on Aging
Workforce Development Board
CDC COVID-19 Information
National League of Cities Coronavirus Response Resources for Local Leaders
usa.gov Government Response to Coronavirus, COVID-19
ICMA Coronavirus Resources
NCDHHS Coronavirus Disease 2019 (COVID-19) Response in NC
CDC Foundation Responding to Coronavirus
NADO COVID-19 Resource Center
Past High Country Council of Governments Office Hours and Conference Calls