Resources Available for Businesses

 In City News

Updated May 26, 2020

The Wright County Board has authorized the Wright County Economic Development Partnership (WCEDP) to administer a $200,000 Covid-19 Loan Program to assist businesses located in Wright County. The loans will be limited to a $5000 amount, 0% interest and the first six months of loan repayment will be deferred.  WCEDP plans to start reviewing applications on June 9th, so businesses are encouraged to submit their application right away.

WCEDP COVID-19 Business Assistance Loan Policy 05.15.2020

WCEDP COVID-19 Loan Program Application-5.15.2020

Updated May 22; April 27; April 24; April 1, 2020

The most recent order from the Governor has directed that additional businesses be allowed to reopen with an employer preparedness plan and under specific guidelines.  Guidance has been provided for safe reopening for specific types of businesses at this link: Minnesota Guidance .  Some standards including outside service areas for bars and restaurants may require coordination with City officials, and staff are currently working on developing recommendations to bring to Council for approval.  If you are a business owner who is developing your plan through the State’s standards and have questions, comments or suggestions on how the City should work with businesses on things like outdoor sales locations and use of parking for service area, please let City staff know.   Other ideas on how the City can help businesses during this difficult time are welcome as well.  We hope to have additional information available next week on possible City ordinance alterations that may help to accommodate business operational changes in reaction to the State’s guidance.

Minnesota Department of Employment and Economic Development has announced programs to help businesses including SBA loans, sales tax grace period and unemployment resources. Here is a link to their site where the latest information is available as they develop and roll out these programs: https://mn.gov/deed/. Businesses and employees can also use this site to navigate which programs would be helpful to the many variations of individual circumstances that exist. The business’s local banking institution is also a good place to start as some programs are process through the bank, and some are processed directly through State and Federal contacts. Let City Staff know if we can help you sort through these programs as well: cityoffices@ci.buffalo.mn.us .

Here is a link to a summary published by DEED of resources available and how to begin in determining what programs can help you: April 1 DEED Press Release .

The Governor’s Executive Order 20-40 issued on April 23rd allows for some industrial and office-based businesses to reopen prior to the end of the Stay at Home order.  Please see guidance from the Minnesota Department of Employment and Economic Development to see if this is an option for your business: DEED Safework Link – April 24, 2020 .

The State of Minnesota continues to sort through details of the new aid and additional ways they may be able to help, and Minnesota Department of Employment and Economic Development’s website is a great place to check in on the latest information: DEED Website .

Let City staff know if you have more ideas for how we can be of assistance to you!  cityoffices@ci.buffalo.mn.us 

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