COVID-19 is, first and foremost, a health concern, but it is also having a growing impact on global and local economies.
Franklin Southampton Economic Development, Franklin-Southampton Area Chamber of Commerce, and the Downtown Franklin Association have been working together to compile information for businesses that have been negatively impacted by COVID-19.
We do not want to overwhelm you with the repetition of information, but we also need to be sure our business community has the resources necessary for recovery. With this said, this email has up-to-date information on resources specific to COVID-19 business assistance and recovery. This is an ever-evolving situation, and we will do our best to update you on resources as they become available.
Together, we can all help minimize the impact COVID-19 will have on our health and our business community.
The Small Business Administration (SBA) offers useful guidance and steps that are great to follow in preparing your business for the impact of COVID-19 and to determine if you may qualify for financial assistance related to this disaster.
The SBA is working directly with state Governors to provide targeted, low-interest loans to small businesses and non-profits that have been severely impacted by the coronavirus (COVID-19).
The SBA Economic Injury Disaster Loan provides small businesses with working capital loans of up to $2 million that can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing.
Do not hesitate to contact the DFA office with any questions.
Below are links to various organizations designed to help small business owners navigate the economic uncertainties the coronavirus brings.
Better Business Bureau (BBB):
Center for Disease Control (CDC):
Main Street America:
U.S. Chamber of Commerce:
From the VEC: If you are a business owner or HR representative for an employer considering work stoppages, layoffs or furloughs, we encourage you to contact our Business Services team. We will get back to you within one (1) business day to discuss information and services that may assist impacted employees, including Unemployment Insurance, tax assistance, layoff aversion strategies, financial planning, remote access career services and more.
If you are a worker who has been totally or partially separated from your job due to coronavirus, please note that no claim for unemployment insurance may be filed or processed until an actual lay off from employment has occurred, or until there has been an actual reduction in hours. When filing your claim for unemployment benefits, please be sure to check the reason for separation as Lack of Work/Lay off.
You may file a claim for unemployment insurance or unemployment benefits through the VEC website or through the Customer Contact Center at 1-866-832-2363 Monday through Friday 8:30am – 4:30pm.
All restaurants listed above are offering take-out services to patrons throughout the month.
Show some love to our local restaurants!
Below are additional ideas to support your local business owners: