**Please read this entire document before applying. Included is guidance on how to use the online application**
• Click here for Individual Profile Form
• Click here for Authorization Form
• Click here for Schedule of liabilities
• Click here for Personal Financial Statement
• Click here for Statement of Understanding and Application Signature Page
• Click here for Application
In response to the COVID-19 public health crisis and the ensuing negative impact on local business, the Bayou Business Recovery Grant Program has been launched. This competitive grant provides will provide up to $10,000 of targeted grant funds to assist Terrebonne Parish small businesses in their overall recovery strategy.
Congress has passed three separate bills to provide immediate resources to our medical professionals, individuals, families and small businesses. For a detailed summary of the most recent of these bills, the CARES Act, please review this document compiled by Congressman Steve Scalise’s office.
The U.S. Department of Treasury and the U.S. Small Business Administration continue to provide guidance on the Paycheck Protection Program.
This SBA loan program is being administered through individual lenders and banks, and small business owners should contact their bank for more information. Click here to use the SBA’s tool to find a nearby lender eligible to issue a loan under the Paycheck Protection Program.
Last week, the Treasury Department and the IRS launched the Employee Retention Credit, which is designed to encourage businesses to keep employees on their payroll. The refundable tax credit is 50% of up to $10,000 in wages paid by an eligible employer whose business has been financially impacted by COVID-19. Please click here for more information from the Treasury Department.
The CDC recently issued updated guidance that recommends wearing cloth face coverings in public where other social distancing measures are difficult to maintain (example: grocery stores and pharmacies), especially in areas of significant community-based transmission. Click here to read more on how the use of cloth face coverings can help slow the spread of COVID-19.
The Coronavirus Aid, Relief, and Economic Security (CARES) Act expands the Small Business Administration’s long-standing Economic Injury Disaster Loan Program (EIDL). The EIDL program was created to assist businesses, renters, and homeowners located in regions affected by declared disasters.
The Coronavirus Aid, Relief, and Economic Security (CARES) Act created a new employee retention tax credit for employers who are closed, partially closed, or experiencing significant revenue losses as a result of COVID-19.
The Coronavirus Aid, Relief, and Economic Security (CARES) Act allocated $350 billion to help small businesses keep workers employed amid the pandemic and economic downturn. Known as the Paycheck Protection Program (PPP), the initiative provides 100% federally guaranteed loans to small businesses.
Importantly, these loans may be forgiven if borrowers maintain their payrolls during the crisis or restore their payrolls aftward.
The administration has released initial guidelines; they are available at www.treasury.gov. The U.S. Chamber of Commerce has issued a guide to help small businesses and self-employed individuals check eligibility and prepare to file for a loan.
Small businesses and sole proprietors can begin applying on April 3. Independent contractors and self-employed individuals can apply beginning on April 10.
The U.S. Chamber has created a guide to help small businesses, independent contractors, gig economy workers, and other qualifying individuals prepare to file for a coronavirus relief loan under the Coronavirus Aid, Relief, and Economic Security(CARES) Act. The hope is that this guide will prove to be a valuable resource for you as you begin to take the necessary steps towards accessing the fund to keep workers on the payroll during this disruptive period.
In addition to the guide, an interactive map has been compiled to show the aid available on a state-by-state basis. To view the interactive map, please click here.
Text TPCOVID to 888-777 to receive coronavirus alerts, news updates, and public health tips!
This dashboard has links to current CDC, FEMA, and other state resources. Click here for access to the dashboard
“As you look to pass accurate information to your workers and make important decisions regarding business operations, a good place to start is with the CDC’s recommended business strategies, which include:
• Actively encourage sick employees to stay home
• Separate sick employees
• Emphasize staying home when sick, respiratory etiquette and hand hygiene by all employees
• Perform routine environmental cleaning
• Advise employees before traveling to take certain steps
For more information, see below or visit the website of the Franciscan Missionaries of Our Lady Health System, a LABI member company, for a variety of other resources, fact sheets and fliers regarding COVID-19 including:
•Planning Ahead for your Business
Click here to submit the short survey as they attempt to gather information on the economic challenge facing Louisiana Companies.
Click here to read operation changes at the Terrebonne Parish Assessor’s Office
Terrebonne Parish Public Library System will provide curbside services only until further notice. Computer use, meeting rooms, and all programs for the rest of the month have been canceled.
• A checklist of questions to ask yourself in order to be as prepared as possible
• Handling Employer-Paid Leave in light of COVID-19
• Family First Coronavirus Response Act interaction with FMLA with regard to Qualifying Leave
• How COVID-19 salary reductions can affect benefit elections