Governor Kemp's Executive Order Due to the continuous rise of COVID-19 infection numbers, Governor Brian Kemp has extended the State of Emergency until Sunday, March 7th at 11:59pm. To view the most recent Orders and guidelines issued by Governor Kemp, visit the Governor's website: https://gov.georgia.gov/executive-action/executive-orders/2021-executive-orders
City of Marietta Temporary Provisions
In an effort to promote downtown, small businesses, the Marietta City Council voted unanimously to establish seven, 15-minute parking spots around the Square for curbside pickup.
Alcohol To Go SalesEffective as of March 24, 2020, a restaurant, brew pub, beer growler, or other consumption on premises alcohol retail licensee may sell wine and beer in an UNOPENED container or package only to customers for carry out purposes except on a day or during a time when sale is otherwise prohibited or at a location which is within distances to buildings where the sale is prohibited. Additionally, there will be no sale of distilled spirits for carry out purposes. For Restaurants with Sunday Sales License and pursuant to the Sunday Sales regulations, this regulation shall be applicable for those with a Sunday Sales License and no others. Restaurants within the limits of the City of Marietta will be able to sell unopened beer and wine with carry out orders during the State of Emergency per the Georgia Department of Revenue pronouncement.
In an effort to assist our local businesses during this difficult time, the City of Marietta’s Economic Development Division has compiled a current list of available employer and employee resources regarding:
Financing and Tax Credits
Business Assistance Organizations
Assistance For Non-Profits
Webinars and Virtual Events
Emergency Economic Injury Grants
For those that apply for the Small Business Administration’s (SBA) Economic Injury Disaster Loan (EIDL), the CARES Act included $10 billion in funding to provide an advance of $10,000 to small businesses and nonprofits within three days of applying for the loan. The EIDL grant does not need to be repaid, even if the grantee is subsequently denied an EIDL. Funds can be used to provide paid sick leave to employees, maintaining payroll, meet increased production costs due to supply chain disruptions, or pay business obligations, including debts, rent and mortgage payments. For the most up to date information visit the SBA’s COVID-19 Relief Options page .
Professional Beauty Association (PBA) COVID-19 Relief Fund
The PBA COVID-19 Relief Fund will provide $500 to licensed beauty professionals who are unable to work due to COVID-19. The funding, if awarded, is intended to be emergency aid for short-term immediate needs such as food and bills. For additional information and to apply, visit https://www.probeauty.org/pba-charities/covid-19-relief-fund/landing-covid-19-relief-fund. They are also offering free memberships at this time.
The Shuttered Venue Operators Grant
The Shuttered Venue Operators (SVO) Grant program was established by the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act, signed into law on December 27, 2020. The program includes $15 billion in grants to shuttered venues, to be administered by the SBA's Office of Disaster Assistance. For additional information, visit https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/shuttered-venue-operators-grant
Financing and Tax Credits
SBA Economic Injury Disaster Loans (EIDLs)
Because Georgia has officially been listed as a declared state for COVID-19, Georgia small businesses now qualify to apply for the Economic Injury Disaster Loans (EIDLs) through the U.S. Small Business Administration (SBA). These working capital loans are intended to help small businesses, small agricultural cooperatives, small businesses engaged in aquaculture, and most private, non-profit organizations of all sizes meet their ordinary and necessary financial obligations that cannot be met as a direct result of the disaster. For additional information on credit requirements, interest rates, loan terms, loan amount limits, eligibility, and insurance requirements please view this SBA Fact Sheet. For other questions regarding SBA Disaster Assistance, please review these frequently asked questions and/or contact their customer service at 1-800-659-2955 or email at email@example.com. To apply, visit https://disasterloan.sba.gov/ela/Account/Login.
Small Business Paycheck Protection Program (PPP Loan)
The CARES Act also included about $350 billion for small-business loans through the Paycheck Protection Program. The program is intended to help small businesses retain employees and will be administered primarily through existing Small Business Administration-approved lenders. If the loan is used for payroll, interest, rent, and utilities over the 8-week period after the loan is made, and employee and compensation levels are maintained, loan amounts will be forgiven. For commonly asked questions, please view this FAQ Sheet. For additional information and to apply, visit https://home.treasury.gov/policy-issues/top-priorities/cares-act/assistance-for-small-businesses....
Business Recover Webinar for PPP
The Cobb Chamber held a Business Recover Webinar on Dec. 7, 2020 with a panel of experts to explain and answer questions on the next round of the Payroll Protection Program (PPP) for your organization.
Employee Retention Tax Credit
The Employee Retention Credit is a refundable tax credit against certain employment taxes equal to 50% of the qualified wages an eligible employer pays to employees after March 12, 2020, and before January 1, 2021. Eligible employers can get immediate access to the credit by reducing employment tax deposits they are otherwise required to make. Also, if the employer’s employment tax deposits are not sufficient to cover the credit, the employer may get an advance payment from the IRS. For each employee, wages (including certain health plan costs) up to $10,000 can be counted to determine the amount of the 50% credit. Because this credit can apply to wages already paid after March 12, 2020, many struggling employers can get access to this credit by reducing upcoming deposits or requesting an advance credit on Form 7200, Advance of Employer Credits Due To COVID-19. For more information, visit: https://www.irs.gov/coronavirus/employee-retention-credit.
Primary Market Corporate Credit Facility
The Federal Reserve established the Primary Market Corporate Credit Facility (PMCCF) on March 23, 2020 to support credit to employers through new bond and loan issuance. The PMCCF will allow companies access to credit so that they are better able to maintain business operations and capacity during the period of dislocations related to the pandemic. This facility is open to investment grade companies and will provide bridge financing for up to four years. The Federal Reserve will finance a special purpose vehicle (SPV) to make loans from the PMCCF to companies. The Treasury, using the ESF, will make an equity investment in the SPV. For more information, visit https://www.federalreserve.gov/monetarypolicy/pmccf.htm.
Secondary Market Corporate Credit Facility
The Federal Reserve established the Secondary Market Corporate Credit Facility (SMCCF) on March 23, 2020 to support credit to employers by providing liquidity to the market for outstanding corporate bonds. The SMCCF will purchase in the secondary market corporate bonds issued by investment grade U.S. companies and U.S.-listed exchange-traded funds whose investment objective is to provide broad exposure to the market for U.S. investment grade corporate bonds. Treasury, using the ESF, will make an equity investment in the SPV established by the Federal Reserve for this facility. For more information, visit https://www.federalreserve.gov/monetarypolicy/smccf.htm.
Term Asset-Backed Securities Loan Facility
The Federal Reserve established the Term Asset-Backed Securities Loan Facility (TALF) on March 23, 2020 to support the flow of credit to consumers and businesses. The TALF will enable the issuance of asset-backed securities (ABS) backed by student loans, auto loans, credit card loans, loans guaranteed by the Small Business Administration (SBA), and certain other assets. Under the TALF, the Federal Reserve will lend on a non-recourse basis to holders of certain AAA-rated ABS backed by newly and recently originated consumer and small business loans. The Federal Reserve will lend an amount equal to the market value of the ABS less a haircut and will be secured at all times by the ABS. The Treasury, using the ESF, will also make an equity investment in the SPV established by the Federal Reserve for this facility. For more information, visit https://www.federalreserve.gov/monetarypolicy/talf.htm.
Business Assistance Organizations
MBAs Fight COVID
Through MBAs Fight COVID, hundreds of MBA students from multiple universities are offering PPP and EIDL program assistance (1-3 hours per business), pro-bono to small businesses. For more information and to apply for this free service, please visit https://www.mbasfightcovid19.com/add-project.
UGA Small Business Development Center
The UGA SBDC is offering teleconference appointments free of charge to answer questions and help small business owners address any concerns they may have about their business including cash flow, payroll, marketing, the effect of COVID-19 on their business and/or questions regarding COVID-19 Relief Programs. For more information on the current relief programs, view the SBDC’s program overview. To schedule a teleconference appointment with one of their consultants, please email firstname.lastname@example.org or call 470-578-6450.
To help businesses recover from the effects of COVID-19, UGA SBDC is now offering all continuing education programming at no cost for the rest of 2020. View the complete list of free trainings at https://www.georgiasbdc.org/training/.
For more information on federal funding programs (ie. PPP, EDILs), please visit the Georgia SBDC site at https://www.georgiasbdc.org/georgia-small-business-recovery/, where you will find upcoming webinars, program overviews, program comparisons, and contact information for your local office. For additional resources on Finance, HR, Operations, Marketing, and Planning, visit their Response and Recovery page.
Score offers free expert business mentoring from mentors with a multitude of industry experience. To schedule an appointment, visit https://northmetroatlanta.score.org/content/find-mentor-0718. To view upcoming online workshops, visit https://northmetroatlanta.score.org/content/take-workshop-0718. Workshops are offered for a minimal fee.
Assistance for Non-Profits
Giving Kitchen is an Atlanta-based, non-profit whose mission is to provide stability for food-service workers. Food service workers may be eligible for financial assistance due to an unexpected illness (including COVID-19), injury, death of an immediate family member, or housing disaster in Georgia. Food service workers experiencing hardship including unemployment or under employment due to restaurant closings are eligible for resource referrals through their Stability Network. For more information, visit their website: https://thegivingkitchen.org/covid19.
Cobb COVID-19 Community Response Fund
Cobb Community Foundation has created a charitable fund designed to provide flexible resources to non-profit organizations serving Cobb and meeting critical needs either arising from or exacerbated by the novel Coronavirus. Charitable grants will assist organizations and programs working to provide residents with access to food, prescriptions/healthcare, childcare and basic needs. One hundred percent of the dollars they receive will go to organizations serving Cobb County and no administrative fees are being taken. For more information on the Response Fund, their Operation Meal Plan Fund, or to make a contribution, visit their website.
Cobb Community Foundation also offers an easy to search online resource to quickly locate community services, such as food pantries. Individuals can access up-to-date information from Cobb non-profits at https://cobb-county.communityplatform.us/map.
United Way of Greater Atlanta and Community Foundation
The United Way of Greater Atlanta and Community Foundation for Greater Atlanta have teamed up to help the metro area’s residents who are most vulnerable to the health-related and financial impacts of the virus. Funds will go to nonprofit organizations and agencies focused on providing crucial services to people directly or indirectly affected by the pandemic including children who receive free or reduced lunch, older residents, families in need of childcare, homeowners and renters at risk for eviction, and hourly or low-wage workers. Contact the United Way of Greater Atlanta’s 2-1-1 Contact Center at https://www.unitedwayatlanta.org/need-help/ for more information and assistance.