Search Icon

COVID-19: Iowa Business Recovery Assistance

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.

Para traducir esta página, por favor utilice las herramientas de su navegador. Aprende cómo en Google Chrome y Microsoft Edge.

FUNDING & PROGRAMS: 
Federal CARES Act  |  IEDA Small Business Relief Grants  |  Iowa Business Tax Deferral  |  TSB Sole Operator Fund  |  Paycheck Protection Program  |  EIDL for Ag Companies

 

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

COVID-19 ECONOMIC RECOVERY SURVEY

While this pandemic is changing how we do business, we look forward to entering a new phase of recovery and growth for Iowa.

Please take a few minutes to complete this NEW survey, developed by the University of Northern Iowa’s (UNI) Institute for Decision Making and UNI’s Strategic Marketing Services.

DEADLINE EXTENDED TO FRIDAY, MAY 29 AT 5 P.M.

Click here to complete the survey.

Forward the survey link to businesses, attractions and organizations within your membership or communities.

SURVEY RESPONSE: See survey response by area. (Updated in real time.)

This new survey is a follow-up to UNI’s survey of businesses in mid-March. Participation in the survey is vital to state efforts 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. 
 

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.
BACK TO TOP
 

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.
BACK TO TOP
 

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. 
BACK TO TOP
 

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.
BACK TO TOP
 

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]
BACK TO TOP
 

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.
BACK TO TOP
 

#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
BACK TO TOP
 

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. The survey was conducted from March 17 - March 23 with businesses from all of Iowa’s 99 counties and industry sectors participating. Contact Drew Conrad at the UNI Institute for Decision Making with questions.

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.

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.
BACK TO TOP
 

RESOURCES FOR IOWANS

Alcoholic Beverages Division, Iowa
Updated Rules and Regulations for Bars & Restaurants

Bank Iowa
Submit a Helping Hand Nomination to Support a Local Community

Chamber Alliance, Iowa
COVID-19 Business Prevention Webinar Recording for Manufacturers

Childcare & Daycare Availability Map, Iowa
Providers and Availability

Economic Development Authority, Iowa
Summary of Programs & Initiatives

Finance Authority, Iowa
Summary of Programs & Initiatives

Housing Recovery, Iowa
Foreclosure, Rental and Iowa Title Guaranty Information

Inspections & Appeals, Iowa Department of
FAQ for Food & Lodging Businesses

Legal Aid, Iowa
Resources for Civil Legal Issues

Local Lists
Support Local Businesses and List Your Business

Main Street, Iowa
COVID-19 Impact on Small Businesses in Main Street Iowa Communities

Pass the Pork
Donate to Help Iowa Farmers Provide Pork to Local Food Banks

Public Health, Iowa Department of
Guidelines for Donating Personal Protective Equipment (PPE)
Outbreak Guidance for Businesses
Reopening Guidance for Businesses

Restaurant Association, Iowa
Restaurant Resources & Restaurant Employee Relief Fund Donations

Revenue, Iowa Department of
Tax Implications for Iowans

Transportation, Iowa Department of
DOT Facility Closures & Safety

Tourism Office, Iowa
Resources for Tourism Partners

U.S. Department of Agriculture
USDA Resources for Farmers and Ranchers
Coronavirus Food Assistance Program

Utilities Board, Iowa
Order Extending Winter Moratorium for Electric and Natural Gas Customers

Volunteer Iowa
COVID-19 Volunteer Opportunities

Workforce Development, Iowa
Unemployment Insurance Resources & Guidance
BACK TO TOP
 

FINANCIAL GUIDANCE

Internal Revenue Service
Tax Relief for Businesses and Tax-Exempt Entities

Iowa Bankers Association
Guidance for Financial Institutions
Guidance for Consumers
BACK TO TOP
 

BUSINESS GUIDANCE

American Logistics Aid Network (ALAN)
Supply Chain Intelligence Center

CIRAS at Iowa State University
How to deal with COVID-19

Cybersecurity Scans from ProCircular
Iowa Company Offers Free Cybersecurity Scans to Critical Infrastructure

Fleishman Hillard True Global Intelligence
COVID-19 Mindset: How Pandemic Times Are Shaping Global Consumers [PDF]

IASourceLink
Iowa Business Information on COVID-19

Iowa Small Business Development Center
How to Prepare Your Small Business for Coronavirus

U.S. Department of Homeland Security
Guidance on Essential Critical Infrastructure Workers [PDF]

U.S. Treasury TTB
Guidance for the Manufacture of Hand Sanitizer
BACK TO TOP

Contact(s)

Questions?
businessrecovery@iowaeda.com

COVID-19 English Language
Learner (ELL) Help Line
1.877.558.2609

 
Stay Informed.
Sign Up to Receive Updates.
Emails highlighting economic development news, program updates and upcoming events.