COVID-19 Response & Resources

COVID-19 Iowa Information

coronavirus.iowa.gov

Due to the economic impact of the COVID-19 pandemic, the Iowa Economic Development Authority (IEDA) is gathering resources and information that may be of use to partners across Iowa.

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MORE INFORMATION:
Additional Financial Assistance | Iowa Business Impact Survey | Resources for Iowans | Financial Guidance | Business Guidance

REOPENING GUIDANCE & DOCUMENTS

General Guidance for Reopening for All Businesses [PDF]

Reopening Checklist for Personal Services Businesses [PDF]

Reopening Signage [PDF]

Get Iowa back on track with statewide COVID-19 testing

FEDERAL CARES ACT

The $2 trillion dollar Coronavirus Aid, Relief and Economic Security Act (the “CARES Act”), provides economic relief to businesses, states and municipalities and individuals affected by COVID-19. While the scope of the CARES Act is wide-ranging, this limited summary provides a high-level overview of unemployment benefits and the relief available for qualifying business concerns.
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IEDA SMALL BUSINESS RELIEF GRANTS

Additional funding has been allocated to the Small Business Relief Grant program through the federal CARES Act. Grant award notifications will be sent via email beginning April 23 and will continue until all funds have been exhausted. The additional awards will be made from the current pool of eligible applicants. A new application round will not be opened.

Click here to view more information and a current list of grantees.
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IOWA BUSINESS TAX DEFERRAL

Information about the Iowa Small Business Tax Deferral program can be found at tax.iowa.gov/COVID-19. The page contains details about eligibility, important dates, frequently asked questions and the application for sales tax deferral and/or withholding tax deferral.
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TARGETED SMALL BUSINESS SOLE OPERATOR FUND

All funds available through the Targeted Small Business Sole Operator program have been expended as of May 1, 2020.

The program assisted 364 targeted small businesses through a total of $600,000 in awards. All businesses that have received a grant award through the program have been notified. All award decisions are final agency action. The full listing of awards is available here.
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PAYCHECK PROTECTION PROGRAM

Thank you to the Iowa's financial institutions for their assistance in helping Iowa small businesses through the Federal Paycheck Protection Program. The program has reopened for applications, as of Monday, April 27. More information is available here.

Please note, the SBA has rolled out additional program guidance, including loan forgiveness instructions, which is now available on their website.

The Paycheck Protection Program provides small businesses with funds to pay up to eight weeks of payroll costs including benefits. The program is administered by the U.S. Small Business Administration (SBA). In the first phase, 29,424 Iowa businesses received loans totaling more than $4.3 billion. In phase two, 19,997 loans were approved for a total of more than $781 million (as of May 4, 2020). In total, Iowa businesses received 49,421 loans for a total of more than $5 billion (as of May 4, 2020).

Paycheck Protection Program Report (through May 16, 2020) [PDF]
EIDL Loan Program Report (though May 18, 2020) [PDF]
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ECONOMIC INJURY DISASTER LOANS (EIDL) FOR AG COMPANIES

Agricultural businesses are now eligible for the SBA's Economic Injury Disaster Loan and EIDL Advance programs. The SBA will begin accepting new EIDL applications on a limited basis only, in order to provide unprecedented relief to U.S. agricultural businesses. Learn more and apply.

For agricultural businesses that submitted an EIDL loan application through the application portal prior to the legislative change, the SBA will move forward and process these applications without the need for re-applying. All other EIDL loan applications that were submitted before the portal stopped accepting new applications on April 15 will be processed on a first-in, first-out basis.
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#IOWANSUNITE

Coming together like never before. See more inspirational acts by Iowans.

GOVERNOR REYNOLDS:
We're reopening the state by partnering with Iowans

ADDITIONAL FINANCIAL ASSISTANCE

CDBG Grant Funds
Funds to Support Infectious Disease Response [PDF]
CDBG COVID-19 Awards List

Delta Dental Relief Programs
Advance Claims Payment Program for Dentists
Nonprofit Emergency Operating Relief Grant

Facebook Small Business Grants
Grants for Eligible Businesses in Polk County

Iowa Credit Union Foundation
Grants for Credit Union-Member Small Businesses with 1-5 Employees

Iowa Small Business Relief Fund
Grants for Small Businesses
This is not an IEDA sponsored program and not affiliated with the Iowa Small Business Relief Grant.

Iowa Workforce Development
Assistance for employees and employers affected by COVID-19 related layoffs

U.S. Small Business Administration (SBA)
Economic Injury Disaster Assistance Loans (EIDL)
Paycheck Protection Program
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COVID-19 IMPACT SURVEYS

UNI Institute of Decision Making Business Impact Survey
IEDA collaborated with the University of Northern Iowa (UNI) – Institute for Decision Making and Strategic Marketing Services on a statewide census of how micro to major businesses are being impacted by COVID-19.

An initial survey was conducted from March 17 - March 23 with businesses from all of Iowa’s 99 counties and industry sectors participating.

EXECUTIVE SUMMARY: The full executive summary is available here. [PDF]
SURVEY TRACKING: Final responses by county as of March 23, 2020 at 5 p.m. [PDF] and tracking map.

A second survey is in progress to understand the impact of the coronavirus pandemic on Iowa businesses and organizations. IEDA will use survey results to inform public policy on recovery and growth, including potential resources for businesses. Survey results will be released soon.

Contact Drew Conrad at the UNI Institute for Decision Making with questions.

CIRAS Business Survey
The Iowa State University Center for Industrial Research and Service (CIRAS) has been conducting a phone survey to allow a better understanding of the needs of Iowa companies and better connect them to appropriate resources. Iowa businesses continue to be concerned about COVID-19 impacts on revenue, workforce, employee well-being.

SURVEY RESULTS: View survey results as of May 22, 2020.
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