The Entrepreneur Fund

St. Louis County COVID Relief Grants

Posted on January 04, 2021 at 09:53 AM. Written by Entrepreneur Fund

On December 30, 2020 St. Louis County announced it is preparing to launch a third round of COVID relief assistance for small businesses and eligible non-profits hurt by the pandemic.

The application period is expected to begin in mid-January for Phase 3 of St. Louis County Small Business Relief Grants. This latest round of grants will use funds provided by the State of Minnesota, and offers more flexibility than previous CARES-funded grants.

Businesses will be able to apply for up to $45,000, with funds able to be used for direct COVID-19 related expenses, such as PPE and cleaning supplies; as well as operating expenses including, rent, mortgage, utilities, real estate taxes and insurance; and even for payroll.

To be eligible, businesses and non-profits must be physically located in St. Louis County, have no current tax liens on record with the Secretary of State at the time of application; and must have been impacted by a Minnesota Executive Order related to the COVID-19 pandemic.

St. Louis County has received $3.8 million from the state to distribute to small businesses and non-profits during this third phase. More details will be provided as they are finalized, including application dates and opportunities to participate in a virtual presentation about the grant program and application instructions.

People interested in learning more are encouraged to contact the St. Louis County Planning and Community Development Department at cares@stlouiscountymn.gov or 218-725-5000. 

To receive the future updates on county specific COVID relief grants, subscribe to the Entrepreneur Fund newsletter. 

Updated COVID Closures and Restrictions - December 2020

Posted on December 17, 2020 at 01:01 PM. Written by Entrepreneur Fund

Dial Back, Minnesota COVID Closures and Restrictions Change

On December 16, MN Governor Walz announced changes to the Dial Back, Minnesota restrictions.

Continued closures:

  • Entertainment venues, event spaces, and similar establishments remain closed until January 11.
  • Bars, restaurants, and breweries remain closed for indoor service until January 11. They may open for outdoor service at 50 percent capacity or up to 100 people.
  • Weddings, funerals, and other similar planned ceremonies can continue with the current rules in place, but all receptions and gatherings around these ceremonies must still be postponed or canceled.
  • Holiday gatherings can take place indoors but with only one other household. The safest way to celebrate is at home with only the people who live with you, and no one else.

Eased restrictions:

  • Starting December 19, Minnesotans can gather inside with one other household up to 10 people and up to two households outside. Masking and social distancing is strongly encouraged.
  • Gyms and fitness studios may open at 25 percent capacity, or 100 people max, with masks and additional physical distancing. Group classes can resume on January 4, 2021.
  • Youth sports teams may resume practices on January 4.

If you have any questions, please call our office and we will try to get answers quickly. Our team can help you navigate your options and help support you through this time. 

You can reach us by calling our main phone line (218) 623-5747 or reaching out directly to our staff.

COVID-19 Business Relief Payments for Restaurants, Bars, Gyms, and Bowling Centers

Posted on December 17, 2020 at 12:48 PM. Written by Entrepreneur Fund

The Minnesota Department of Revenue will send COVID-19 Business Relief Payments to eligible businesses under a $216 million economic relief package signed into law December 16.
 
Eligible business owners do not need to take any action to receive this aid. Aid will be disbursed in the form of a grant and does not need to be repaid. The state will determine eligibility and payment amounts based on the program requirements outlined on this page. You can also view this information in a visual format (PDF).
 
Eligible Businesses
This program provides direct payments to businesses required to temporarily close or reduce services in November under Executive Order 20-99. Businesses in the following categories — as reported by the Minnesota Unemployment Insurance program — may be eligible:
  • Full- and limited-service restaurants
  • Cafeterias and buffets
  • Caterers
  • Bars
  • Breweries with taprooms
  • Family wineries with tasting rooms
  • Distilleries with tasting rooms
  • Bowling centers
  • Gyms and fitness centers
Program Requirements
The Dept. of Revenue will send payments to eligible businesses that meet the rest of the program requirements:
  • Located in Minnesota
  • Had at least $10,000 in taxable sales in 2019
  • Filed Sales Tax returns in 2019 and 2020
  • Experienced a 30% drop in year-over-year taxable sales (April-September)
  • Required to temporarily close or reduce services by Executive Order 20-99
  • Good standing with the Dept. of Revenue 
Relief Payment Amounts
Eligible businesses will receive a payment based on their number of employees and participation in the state Unemployment Insurance system. The payments are considered taxable income and will be calculated as shown below.

Employees (Full-and part-time) Payment Amount
1 to 20:   $15,000
21 to 100:   $25,000
101 to 300:    $35,000
301 or more:    $45,000
Small businesses not in the Minnesota Unemployment Insurance system will receive $10,000.

Payment Process
  1. The Department of Revenue will use current tax and unemployment records to determine what businesses are eligible and the amount of their aid payment.
  2. The Department of Revenue will notify eligible businesses though their e-Services account by December 31, 2020.

The Department of Revenue will mail payments to eligible businesses in early-January 2021, to the the main address on their Sales Tax account. Electronic payments are not available for this program.

Note: To verify business addresses, log in to e-Services. For questions about your business category or number of employees, contact Minnesota Unemployment Insurance.

Updates or questions, visit: https://www.revenue.state.mn.us/covid-19-business-relief-payments. You may also review the updated business guidance and FAQ’s. If you have any questions, please call our office and we will try to get answers quickly. Our team can help you navigate your options and help support you through this time. 

You can reach us by calling our main phone line (218) 623-5747 or reaching out directly to our staff.

 
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The Entrepreneur Fund