Salt Lake City

Economic Development

Phone: (801) 535-7200 | Email: ed@slcgov.com

Business Resources for COVID-19

Business Resources for COVID-19

Today’s response to the COVID-19 pandemic can position your business to thrive tomorrow. As we follow public health guidelines and common sense, we will give Salt Lake City the best opportunity to stay resilient during this challenging economic time. We’re here to help.


SIGNAGE FOR YOUR BUSINESS

#MaskUpSLC – Salt Lake City supports the Salt Lake County Public Health Order. Download or request a printed poster for your business, while supplies last. Multi-lingual options available.
Mask Up SLC #MaskUpSLC

SMALL BUSINESS QUARANTINED EMPLOYEE GRANT

Provides reimbursement to small business employers (<50 employees) who pay employees to stay home during quarantine or isolation for maximum of 40 hours per week for a period of up to two calendar weeks.
Utah Quarantined Employee Grant

#InUtah

Together we can slow the spread of coronavirus, help create new jobs, embrace local culture, support other Utahns, and enrich the economy.
InUtah Economic Development

UTAH’S COVID-19 TRANSMISSION INDEX

Salt Lake City is currently at a HIGH level of transmission, which is tied to the rate of cases, positivity rates, and ICU utilization. Find out how to protect your business here:
Utah Covid-19 Transmission Index


As we look toward long-term economic and social system recovery, Salt Lake City will aim to work collaboratively with Salt Lake County and the state. We will be guided by public health data and protecting the health of our residents will always be the highest priority. Salt Lake City Mayor Erin Mendenhall has identified three principles of recovery, revitalization, and preparation to guide our City.

Salt Lake City supports the County’s mandatory health order requiring masks in public through January 5, 2021.


Are Loans and Grants Working For Your Business or Non-Profit? Take the COVID-19 Business Needs Survey.

Salt Lake City’s Department of Economic Development has put out a new survey for local businesses to determine which resources your business or non-profit has been able to access, and also to better understand what resources you still need.

If you have already taken a survey from us in the past, please answer these questions specific to loans and grants. Your answers will help guide better policy to provide the resources would be most useful for your business to recover.

Let’s keep the lines of communication open. Thank you for taking the time to fill out this short survey.

As always, we’re here to help. Reach out to us directly with any questions about the survey or any challenge your business is facing — Phone: (801) 535-7200 or Email: ed@slcgov.com.


When we follow public health guidelines and common-sense economic rules, we will give our City the best opportunity to minimize the economic impact long term. Follow the guidance of trusted sources. In a public health emergency the sources of choice are the Centers for Disease Control and Prevention and the Utah Department of Health.

More Resources to Help Guide Your Business Decisions:

FINANCIAL ASSISTANCE

This type of crisis is unprecedented. It is not a typical recession and Capital is available. As a business owner, we understand the enormous challenge ahead – make sense of which programs are the best fit for your needs.
Acting fast is critical. Salt Lake City, the State of Utah, private lenders and the U.S. Small Business Administration have been launching programs left and right. With so much information disseminating so quickly, you need help making sense of the choices before you.

While the Paycheck Protection Program (PPP) is no longer accepting new applications (the application deadline was on August 8, 2020), the EIDL and Main Street Lending Programs are still open and accepting applications for eligible businesses.

  • Learn and apply for the Economic Injury Disaster Loan (EIDL) administered through the Small Business Administration (SBA).
  • Get more information about the Main Street Lending Program (MSLP) a program designed for larger sized businesses.
  • Salt Lake County Small Business Impact Grant (SBIG) – is currently closed but may reopen at a later date.
  • Utah Commercial Rental Assistance Program “COMRENT” – Rental relief to Utah small businesses that have lost revenue as a result of measures taken during the pandemic to minimize the public’s exposure to COVID-19.
  • Shop in Utah Grant – is currently funded and closed. May reopen at a later date.
  • Safe in Utah Grant – grants for a business’s COVID-19 response that consists of the purchase of personal protective equipment (PPE), implementation of workplace redesigns, additional signage, new technology solutions for distance working, and other items to comply with COVID-19 public health guidelines on safely returning employees to work.
  • Utah Small Business Loan Finance – has been awarded a $1.72 million Revolving Loan Fund from the Cares Act. The grant can be used to lend to small business/#entrepreneur borrowers up to $250,000. Contact Kimberly Holley, Loan Administrator at kholley@usblf.org.
  • Other national private loan/grant opportunitiesclick here for a list.

TAX RELIEF FOR BUSINESS OWNERS

  • The CARES Act granted businesses a payroll tax delay. Employers can delay paying their portion of employees’ Social Security taxes during the rest of 2020.  This amounts to 6.2 percent of wages. It’s not a gift, however, just a grace period. Employers will have until Dec. 31, 2021, to make up half of the delayed taxes, and until Dec. 31, 2022, to come up with the other half. Most employers will qualify for the payroll tax delay. The Treasury will release further guidance as to business owners’ obligations in the coming days.   
  • Capital improvement write offs – temporary 100% expensing for certain business assets (first-year bonus depreciation), especially useful for retail, hospitality and service industries.
  • Net Operating Losses (NOL) Credit Businesses that generated a net operating loss (NOL) in 2018, 2019 or 2020 can now carry that loss back up to five years.
  • Small Business and Self-Employed Tax Center: Online resources for taxpayers who file Form 1040 or 1040-SR, Schedules C, E, F or Form 2106, as well as small businesses with assets under $10 million.
  • Need help? Get free business counseling from SCORE, Small Business Development Center, Women’s Business Center or Veterans Business Outreach Center. Find a counselor here.

LOCAL BUSINESS ADVISING AND FREE WEBINARS

HELP FOR UNEMPLOYED, REDUCED HOURS OR FURLOUGHED WORKERS

EMPLOYERS – UNEMPLOYMENT INSURANCE, FFCRA

  • As an employer, if I need to shut down operations temporarily because of COVID-19 can my workers file for unemployment benefits? Yes, start here.
  • Utah Department of Workforce Services offers Rapid Response temporary layoff virtual workshops, daily to assist companies proactively with talent needs or to minimize negative impacts of layoffs.
  • Paycheck Protection Program – as an alternative to laying off employees from the Small Business Administration.
  • FAQ’s for employers for the temporary paid sick leave under the Families First Coronavirus Response Act (FFCRA)

LOCAL SERVICE INDUSTRY HELP

COVID-19 AFFECTED EVENTS AND ARTS INFORMATION

  • Utah Cultural Alliance is organizing support for our local humanities, arts, and museums nonprofits. Visit this link to learn more about petitions, fundraising, community surveys and more.
  • Utah Cultural Sector Covid-19 weekly update call for the arts and cultural community.
  • NowPlayingUtah listing of virtual events
  • Salt Lake City’s Living Traditions Festival has been postponed. Click here for updated info.
  • Local media is providing ongoing coverage of new innovative ways to support our arts community, watch our social media channels for updates.

CHILD CARE

WORKPLACE SAFETY

STATE OF UTAH RESOURCES

FORECAST FOR OUR LOCAL UTAH ECONOMY

  • What is the outlook? What industries are most impacted most by this pandemic? What can we do as a community to bounce back quicker? The Kem C. Gardner Policy Institute’s mission is to develop and share economic, demographic, and public policy research that sheds light and helps people make INFORMED DECISIONS™.

EXPORT-IMPORT HELP FOR BUSINESSES

TRANSIT AND PARKING

UTILITIES AND INTERNET CONNECTIVITY

UTAH DIVISION OF MULTICULTURAL AFFAIRS

TOURISM INDUSTRY


A Letter from our Business Advisory Board (BAB) At the outset of the COVID-19 crisis, Salt Lake City’s Business Advisory Board set forth a letter to Mayor Erin Mendenhall to help direct City economic policy, promote small business growth, and assist the City in remaining responsive to the business community. Click here for a link to the COVID-19 business support letter.

Salt Lake City thanks you in advance for your cooperation in minimizing the economic impact of COVID-19 in our community. We have great faith in the Salt Lake City business community. Take advantage of resources quickly, prepare for the health of individuals and your business, and ask for help. Together we will weather the storm.