iowa nonprofit recovery fund
The Iowa Economic Development Authority, through funds allocated by Governor Reynolds via the CARES Act, are now offering the Iowa Nonprofit Recovery Fund to assist nonprofits economically impacted by COVID-19. Applications are being accepted until all funds have been exhausted.
Additional information and application materials can be found here.
VIRTUAL GRANTS WORKSHOP
Iowa West Foundation and PCCF hosted a free Virtual Grants Workshop on the Southwest Iowa COVID-19 Response Fund.
For our nonprofit partners who are unable to meet payroll as a result of fundraising loss, event cancellation, or other COVID-19 related impacts, this workshop will guide you in the process of applying to the Southwest Iowa COVID-19 Response Fund for operating costs.** Note: only nonprofits with physical facilities in Southwest Iowa are eligible for this support.
Recorded June 24, 2020
Best practices and considerations for nonprofit re-engagement
Please note: these guidelines are intended simply as recommendations for organizations. Should nonprofits have specific questions regarding legal or financial issues, they should consult their own counsel and financial professionals.
new information on the paycheck protection program and cares act
Signed into law by the President on June 5, 2020, The Paycheck Protection Program Flexibility Act amends the Paycheck Protection Program (PPP) to give borrowers more freedom in how and when loan funds are spent while retaining the possibility of full forgiveness.
Borrowers now have 24 weeks to spend loan proceeds, up from 8 weeks.
The PPP Flexibility Act reduces mandatory payroll spending from 75% to 60%.
Two new exceptions let borrowers obtain full forgiveness even without fully restoring their workforce.
The time to pay off the loan has been extended to five years from the original two.
Payment deferment extension
The PPP program was extended to December 31, 2020
Enhanced rehiring exemptions
Deferred payroll taxes
** Borrowers now have 24 weeks to spend loan proceeds, up from 8 weeks. **
Visit www.sba.gov for more information.
For nonprofit organizations looking for a Paycheck Protection Program loan, Fundera's PPP application will help you access banks that are accepting applications from new customers. You could also contact local community banks to see if you can move your business deposit account to their bank in order for them to accept your PPP application. Visit www.fundera.com to learn more about your relief financing options.
** Connect with your accountant or the Small Business Administration if you have questions regarding eligibility or applying. **
TOPIC: COVID-19 Disaster Recovery/Reimbursement - Eligibility and Application Process
HOSTED BY: Douglas Reed, Director of Pottawattamie County Emergency Management
** Recorded on April 17
211 is a service that connects millions of people to help every year.
COVID Recovery Iowa offers free virtual counseling and assistance for all Iowans affected by COVID‑19.
Human Service Advisory Council Resources
Iowa Legal Aid is here to help Iowans with free legal advice regarding their legal problems related to the COVID-19/coronavirus crisis.
Assess. Answer some questions online about yourself and your health at this website. The questions are available in English and Spanish.
Test. If testing is needed, you will be scheduled for a free drive-through test. You will receive the date, time, location, and instructions.
Track. If you test positive for the virus, you will be asked to answer more questions to help prevent spreading the virus. You may be asked where you have traveled recently and who you have been in contact with.
The COVID-19 Health Literacy Project has COVID-19 fact sheets available that have been translated into 30+ languages.
Equality Labs has created a list of COVID-19 materials in multiple languages.
Heartland AEA has compiled a list of resources “10 Considerations For English Learners During School Closures” for ELL students and teachers to offer additional tools and supports while transitioning to online distance learning.