The Mount Lebanon Partnership wants to support our local businesses in as many ways as we can. To that end, we have provided links to multiple reliable sources of information in this fast moving crisis.
Federal Relief Package
The Senate has passed a $2 Trillion aid package that will go to the House for a vote. It is expected to pass no later than Friday morning. The details are still forming on how the funds will flow to those in need, but we will be monitoring. The bill would extend $1,200 to most American adults and $500 for most children, create a $500 billion lending program for businesses, cities and states, and establish a $367 billion employee retention fund for small businesses. It would direct $130 billion to hospitals and provide four months of expanded unemployment insurance, among other things.
Commonwealth of PA Assistance
Information from the Commonwealth. This is a comprehensive clearinghouse of information. Please note that there is a link dedicated to businesses: https://www.pa.gov/guides/responding-to-covid-19/
Covid-19 Working Capital Access Program (CWCA) – This is a loan program to assist with working capital needs. $60M has been moved to this new program. Businesses can apply this week. The loan must be applied for through a certified economic development organization (CEDO). In southwestern Pennsylvania, that would be the Pittsburgh Economic and Industrial Development Corp., the Regional Industrial Development Corporation of Southwestern Pennsylvania, The Progress Fund, North Side Industrial Development Co./Riverside Center for Innovation, or the Southwestern Pennsylvania Corp. From what I have been able to determine you can reach out to any of the five (5) CEDOs charged to Allegheny County. Following are helpful links to understanding if this program is right for you:
CWCA “Cheat Sheet” – Covid-19 working capital access program factsheet
CWCA Overview + Guidelines – Covid-19 working capital access program
Certified Economic Development Organizations (CEDOs) in Allegheny County – Link to CEDOs
CWCA Article – Pittsburgh Business Times / Wolf rolls out 60 million small business assistance
Rumor Control – Allegheny County Health Department COVID-19 Rumor Control
Small Business Development Center(s) – SBDC. SBDCs are always an amazing resource. Now more than ever. Please follow this link to find an exhaustive menu on how to find loans, grants, tips to weather this disaster. Check back often to this link as resources are developing daily: http://entrepreneur.pitt.edu/business-resources-covid-19/
Chatham Center for Women’s Entrepreneurship – https://www.chatham.edu/cwe/
List of Businesses Permitted to Stay Open in Pennsylvania: Life Sustaining Business List (download PDF)