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COVID-19
COVID-19 Updates & Resources

Indiana COVID-19 Business Resource Center
Updated April 9, 2020

The Indiana Economic Development Corporation is working with the State of Indiana and the Indiana State Department of Health to closely monitor the 2019 novel coronavirus (COVID-19) pandemic and to continue supporting and providing resources for businesses in partnership with local and regional organizations across the state. 

SMALL BUSINESS RESOURCES

SBA Disaster Loans for Small Businesses
Indiana has secured federal disaster assistance from the U.S. Small Business Administration (SBA) to assist small businesses impacted by COVID-19. Moreover, small business owners are now eligible to apply for a loan advance of up to $10,000. For more information, and to apply for loans from the U.S. Small Business Administration, visit SBA.gov/Disaster. Contact 1-800-659-2955 or disastercustomerservice@sba.gov with additional questions.

Paycheck Protection Program
As part of the federal stimulus package, Indiana small businesses and nonprofits that maintain their payroll during the COVID-19 outbreak may apply for up to eight weeks of cash-flow assistance. If employers maintain payroll, the portion of the loans used for covered payroll costs, interest on mortgage obligations, rent and utilities would be forgiven. Click here for more information about the program and its eligibility criteria and application process.

Small Business Debt Relief
The Small Business Debt Relief Program, which was created to support small businesses severely impacted by the COVID-19 pandemic, will forgive six months of payments on existing SBA non-disaster loans. Learn more about the program on the SBA’s COVID-19 resources page.

Indiana Small Business Development Center
The Indiana SBDC, which has 10 regional offices throughout the state, offers no-cost business advising for entrepreneurs and small businesses. Advisors are available to provide free advising and disaster relief loan application assistance for those impacted by the COVID-19 pandemic. For more information, visit isbdc.org/indianacovid19smallbusiness and contact your nearest regional office. 

New Contracting Opportunities with FEMA
To combat the COVID-19 outbreak, the Trump Administration provided emergency support to the Federal Emergency Management Agency (FEMA) in order to assist eligible states with their disaster responses. If interested in supplying products or goods to aid in FEMA’s efforts, the Indiana PTAC offers free counseling and contracting assistance to Indiana small businesses. Click here for more information and visit indianaptac.com/locations to contact your nearest regional office.

Indy Chamber Offering Rapid Response Loans
The Indy Chamber created the Rapid Response Loan Fund through its Business Ownership Initiative (BOI) as an affordable option for loans ranging from $1,000 to $25,000. Loans can be used to pay employee salaries, insurance premiums or as a bridge loan until additional funding kicks in from a business’ bank or from the U.S. Small Business Administration. Click here to learn more.

ADDITIONAL RESOURCES

COVID-19 Inquiries
General questions from the public or health care provider inquiries may be directed to the ISDH COVID-19 Call Center at the toll-free number 877-826-0011 (available 24/7) or email epiresource@isdh.in.gov

Unemployment Insurance
Those impacted by the pandemic and related closures can apply for unemployment insurance benefits electronically. To attend an unemployment insurance webinar, visit the Indiana Department of Workforce Development. For more information, or to file online, visit Unemployment.IN.gov

Business Safety & Preparations
View the latest guidelines for businesses and employers from the U.S. Centers for Disease Control & PreventionWorld Health Organization, and U.S. Department of Labor.

Employee & Employer Support
The Central Indiana Corporate Partnership is posting the latest resources, from business to financial to utility assistance, provided by central Indiana corporate and civic organizations during this time. 

Engage with the Business Community
Purdue University’s Manufacturing Extension Partnership launched a forum for manufacturing companies to engage, connect and share best practices on issues related to the COVID-19 outbreak.

Indiana’s Response
Visit Indiana State Department of Health for the latest information on tracking the COVID-19 pandemic in Indiana and on the state’s action and response. 

Federal Stimulus Package
The Coronavirus Aid, Relief, and Economic Security (CARES) Act, which was signed into law on March 27, is a more than $2 trillion relief package for American families and businesses that have been impacted by the COVID-19 pandemic. Click here to learn more about the legislation which contains a number of measures aimed directly at helping workers and more.
 
Startup and Entrepreneurship Support
Elevate Ventures has compiled tools, resources, articles and information to help startups get through the COVID-19 outbreak. 
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