Dear Loveland Business Community,
As we monitor the economic shockwaves that continue to ripple across the nation and our community, we would like to provide resources and updates as they come in. We are doing our best to prepare ourselves and our business community for the future that lies ahead. Please keep an eye on the State of Colorado OEDIT COVID-19 webpage, Larimer County EWD Page and our own Loveland ED webpage for the latest information. We are all being inundated with information and resources at the moment so one of our main goals, during this crisis, is to distill this information overload into something Loveland businesses can utilize for real action. Below are the latest updates and resources available to businesses.
- On 3/22/2020, Governor Polis issued an executive order directing all of Colorado’s non-critical employers to reduce their in-person workforce by 50 percent. The executive order directs all employers to implement tele-work options to the greatest extent possible. If tele-work is not practical or possible, employers are encouraged to stagger work schedules to reduce the proximity of employees during work hours and to keep employees on payroll. This Executive Order does not apply to any employer that can certify that employees are no closer than six feet from one another during any part of their work hours. The order takes effect on Tuesday, March 24, 2020 at 8:00 a.m. and is set to last through 11:59 p.m. on Friday, April 10, 2020. Read the full order here.
- On 3/20/2020, Treasury, IRS and Labor announce plan to implement Coronavirus-related paid leave for workers and tax credits for small and midsize businesses to swiftly recover the cost of providing Coronavirus-related leave.
- As of 3/18/2020, Colorado small businesses impacted by COVID-19 can seek individual small business loans up to $2M as part of the Small Business Administration’s (SBA) Economic Injury Disaster Loan program.
- The Families First Coronavirus Response Act was signed into law on March 18, 2020 and takes effect April 2, 2020.
COVID-19 Resource Pages:
- State of Colorado Office of Economic Development and International Trade
- Larimer County Economic & Workforce Development
- Andrew Minor is handling Unemployment Insurance and overall employee questions for Larimer County
- Loveland Business Development Center
- Kat Rico is providing virtual counseling for Loveland small businesses & a resource for SBA Disaster Loan applications.
- Larimer Small Business Development Center
- Mike O’Connell is the top adviser on SBA Disaster Loan applications
- Loveland Economic Development
- COVID-19: The City of Loveland Responds
- The Development Center will continue to review applications online and conduct meetings on Zoom and Teleconference.
- The City of Loveland will suspend through April 30 service shut-offs for residential and commercial customers with delinquent utility accounts. No late fees will be imposed.
We will continue to work hard to deliver relevant resources and information as much as we can over the next few weeks. Now is the time to be proactive, do not hesitate to reach out to our team as we all navigate this crisis together.
We appreciate your patience and understanding as we try to support you the best way we know how.
Economic Development Director, City of Loveland