Executive Order 20-02, effective March 27, 2020 – Stay – At – Home
Beginning Friday, March 27th at 11:59 pm through Friday, April 10th at 5 pm all persons currently living within the State of Minnesota are ordered to stay at home.
Emergency Child Care Grant Program
The six Minnesota Initiative Foundations have created an emergency child care grant program to provide immediate financial support to licensed child care providers in Greater Minnesota in response to the COVID – 19 pandemic.
Guidance on Stay at Home Order
This site provides resources to help determine eligibility for critical sector worker exemptions and answer questions.
Information and Resources for Employers and Businesses
Information available from Department of Employment and Economic Development (DEED) on measures available to assist businesses through this unprecedented time.
Information and Resources for Workers
DEED’s Unemployment Insurance (UI) program assists workers who can’t work, have their hours reduced or lose their jobs as a result of the pandemic.
Office of Broadband Development
The Office of Broadband Development at DEED is gathering links and contact information for companies with service options related to COVID – 19 response if current service does not support the necessary bandwidth to work from home or conduct eLearning.
Shared Work is offered by the MN Unemployment Insurance (UI) Program to help employers avoid a layoff.
SBA COVID – 19 Small Business Guidance & Loan Resources
Tools and resources available from the Small Business Association for small businesses responding to the impact from the pandemic.
SBA Economic Injury Disaster Loan
The US Small Business Association is offering low interest Federal disaster loan for working capital to small businesses suffering substantial economic injury as a result of the pandemic.
COVID – 19 Business Toolkit from Minnesota Chamber of Commerce
A toolkit updated daily by the Minnesota Chamber of Commerce that provides information and resources related to the COVID – 19 pandemic.
NDC Small Businesses, Big Impact
The National Development Council as a loan program available for small businesses.
COVID – 19 Practical Guidance for Addressing the Evolving Challenges
Information and updates regarding the COVID – 19 pandemic and the implications for businesses and employees.
Senate Passes Massive Stimulus Program
Coronavirus Aid, Relief and Economic Security Act, “CARES Act” includes several provisions for salary support, cash rebates, loan to small businesses and relief for certain small businesses.
The Minnesota Department of Employment and Economic Development (DEED) is creating an emergency loan program to help Minnesota small business owners who need immediate assistance to meet their families’ basic needs during COVID-19 closures.
The loan program was created under the Small Business Assistance Executive Order 20-15 announced by Governor Tim Walz on March 23. The loan program is intended to help businesses temporarily closed under Executive Order 20-04, later clarified by Executive Order 20-08, which stopped onsite customer dining at restaurants and bars and closed an extensive list of other small businesses whose owners may not have adequate cash flow to withstand temporary closure.
“Over the last week, we’ve heard from many of Minnesota’s small businesses who are facing significant hardships because of the COVID-19 crisis,” said Governor Tim Walz. “Small businesses are the backbone of our communities, and now more than ever, we’re looking to creative solutions like DEED’s emergency loan program to help them weather these extraordinarily difficult times.”
“We know that this emergency loan program is just one tool businesses will need to leverage to stay afloat,” said DEED Commissioner Steve Grove. “It’s an important one because it will get cash flowing quickly to the small Minnesota businesses that need it most.”
Executive Order 20-15 directs DEED to create a Small Business Emergency Loan Program by making available $30 million from special revenue funds. These dollars will be used by DEED’s lender network to make loans of between $2,500 and $35,000 for qualifying small businesses. The loans will be 50% forgivable, and offered at a 0% interest rate. If other financing becomes available to small businesses that received an emergency loan, such as federal funding, the emergency loan must be repaid. These emergency loans will be made by an existing network of lenders DEED works with across the state. Depending on the size of the loans offered to businesses, DEED estimates this emergency loan program will provide needed resources to between 1,200 and 5,000 businesses. DEED expects loan applications will available later this week through our lender network. Minnesota small businesses should send questions about this emergency loan program to ELP@state.mn.us.
The executive order also allows local units of government or lending partners which have a revolving loan fund to use those funds to issue loans to retail and service providers for the next 90 days. DEED estimates that up to $28 million in capital could be accessible through local revolving loan funds and local governments through this action. Local partners will be looking at ways to deploy these resources to support their local businesses.
For the latest information from DEED for employers and businesses and workers, visit the DEED COVID-19 Information page on the DEED website.
DEED is the state’s principal economic development agency, promoting business recruitment, expansion and retention, workforce development, international trade and community development. For more details about the agency and its services, visit the DEED website or follow DEED on Twitter.
The key to understanding causes and magnitudes of education and employment imbalances
A question of vital importance is whether post-secondary graduates are coming out of school with credentials that position them for employment success. From the students’ perspective, this is an important concern when tuition levels and student debt burdens are rising, but many find employment opportunities limited by having majored in something employers aren’t searching for. On the other side of that coin, employers are stymied in their hiring and expansion efforts when the available pool of candidates don’t have the educational background they seek. Program planners at post-secondary institutions trying to calibrate instructional offerings in the face of tightening budgets need to know where to put their school’s resources.