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COVID-19 Guidance and Support for Businesses

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We are here for you, and want to do all we can to support our local Fulshear businesses during this unprecedented time. We understand that there is a ton of information to comb through, and a lot of decisions to be made in what seems like a very short timeframe. If we can be of assistance in any way at all, please don't hesitate to contact us at (281) 346-8874 or ecodev@fulsheartexas.gov, and we will be happy to help you determine the appropriate next steps and connect you with the right people to help get you there.

The Governor's Office issued an updated Executive Order on May 18, outlining additional businesses that may reopen in a phased manner through May 31. Patrons and business owners must review and follow the detailed information in the Governor's Open Texas webpage to ensure we are able to phase in the opening of our economy in a safe manner.
 
In addition to traditional SBA funding programs, the CARES Act established several new temporary programs to address the COVID-19 outbreak. The U.S. Small Business Administration (SBA) has compiled a resource page for Coronavirus Relief Options to help guide and assist businesses during this tumultuous time of disruption. This resource includes information and application links for the Paycheck Protection Program, the Economic Injury Disaster Loan Advance Program, Express Bridge Loans, and SBA Debt Relief. The Small Business Administration (SBA) and Treasury Department have released a Paycheck Protection Program (PPP) Loan Forgiveness Application, with instructions.

The SBA Houston District Office will provide the latest information from SBA to help small businesses with their economic recovery from the effects of the Coronavirus via web meetings. 
Please sign up for direct alerts from the SBA Houston Office to learn about these opportunities in real time. 

These SBA Resource Partners are also offering free and virtual advising sessions & webinars:
Texas Gulf Coast Small Business Development Centers (SBDC)
SCORE Mentors  
WBEA Women’s Business Center (WBC)

Businesses are encouraged to reach out to their current business banker or lender first and foremost. If they are unable to offer particular products or assistance, Fulshear is fortunate that all of our local banking institutions are SBA Lenders offering the Payroll Protection Program, including:

Bancorp South            Fulshear: (281) 944-5686          Bancorp South Payroll Protection Program Info.
Chase                           Fulshear: (346) 307-8312          Chase Bank Payroll Protection Program Info.
First Financial             Fulshear: (281) 346-0221           First Financial Payroll Protection Program Info.
New First National    Fulshear:  (832) 344-2036         Contact your business banker
Regions                         Fulshear: (346) 257-6140          Regions Bank Payroll Protection Program Info.
Wallis Bank                  Fulshear: (713) 935-3720          Wallis Bank Payroll Protection Program Info.

Governor Abbott announced April 13 that Goldman Sachs and the LiftFund, along with other community development financial institutions (CDFIs), are partnering to provide $50 million in loans to small businesses in Texas that have been affected by COVID-19 as part of the Goldman Sachs 10,000 Small Businesses program. These loans, made through the U.S. Small Business Administration’s (SBA) Paycheck Protection Program (PPP), will primarily be used for payroll so that employees can continue to receive paychecks and small businesses can retain their employees and will be partially or wholly forgiven.

Fort Bend County has advised that they will work with businesses during the recovery process to utilize resources from federal and state funding streams as quickly as possible. Click here to sign up for Fort Bend County’s business notifications.
       
The Texas Workforce Commission has information and programs available to both employers and employees to help mitigate job losses. Please visit the following for more information: 
Employers - Preventing & Managing Layoffs - Shared Work
Employers - COVID-19 Resources
Job Seekers
Worksource Solutions Unemployment Benefits Information - Workforce Solutions can show you how to file for Unemployment Insurance (UI), but it's the Texas Workforce Commission (TWC) in Austin that handles your claim or benefits. This page will show you how to contact TWC, to file a claim, to check status of a claim and your benefits, and more.

The Treasury Department and the Internal Revenue Service are providing special tax filing and payment relief to individuals and businesses in response to the COVID-19 Outbreak by extending the filing and payment deadline to July 15, 2020. This relief also includes estimated tax payments for tax year 2020 that are due on April 15, 2020. Full details here.

The Treasury Department, IRS and Department of Labor are implementing tax credits for small and mid-size businesses to swiftly recover the cost of providing Coronavirus-related leave. 

Additional COVID-19 Grant Resources

 
You can stay up to date with other federal, local (Fort Bend County) and State (Texas) general business guidance by monitoring the following links:

Fort Bend County COVID-19 Response
Fort Bend County Health and Human Services
Greater Houston Partnership
Small Business Administration
Centers for Disease Control (CDC)

Texas Department of State Health Services