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Notice: The availability of programs and benefits changes rapidly. Check the individual sites for details and updates.
Our nation’s small businesses are facing an unprecedented economic disruption due to the Coronavirus (COVID-19) outbreak. To learn more about the relief options available for your business, visit the Small Business Administration website.
- IR-2020-62, March 31, 2020 WASHINGTON — The Treasury Department and the Internal Revenue Service today launched the Employee Retention Credit, 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.
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- The Families First Coronavirus Response Act (the “FFCRA”), signed by President Trump on March 18, 2020, provides small and midsize employers refundable tax credits that reimburse them, dollar-for-dollar, for the cost of providing paid sick and family leave wages to their employees for leave related to COVID-19.
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- Further, on March 27, 2020, the President signed the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) which includes a provision for an eligible employer to claim a refundable payroll tax credit for retaining employees during the COVID-19 crisis.
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The Pikes Peak Small Business Development Center (SBDC) is dedicated to helping existing and new businesses grow and prosper in the Pikes Peak Region by providing free and confidential consulting and no- or low-cost training programs. The SBDC has a team of business experts ready to help you create and retain jobs, secure loans, increase sales, win government contracts, obtain certifications and more.
The National Association for the Education of Young Children (NAEYC) has compiled online resources to provide information from NAEYC, the CDC, and other educational organizations.
- Access the new SBA Loans : FAQ Resource
- NAEYC Economic Injury Disaster Loan (EIDL) Summary
- NAEYC Paycheck Protection Program Summary
- NAEYC’s webinar recording: “Paying Yourself, Your Staff, and Your Bills: Helping Child Care Programs Understand and Navigate SBA Loan Options.”
- Paycheck Protection Program: What Child Care Programs Need to Know (PDF)
- Economic Injury Disaster Loan (EIDL): What Child Care Programs Need to Know (PDF)
- If you have applied for the Paycheck Protection Program (PPP), please complete this survey so we can learn more about how it has or has not helped child care programs across states and settings.
- If you are able to share your general experiences and challenges, please complete this survey at https://www.surveymonkey.com/r/PandemicEffects.
To visit the NAEYC website, click HERE.
The National Association for Family Child Care supports and leverages providers and partners in expanding and promoting the power of family child care.The NAFCC has tailored relevant business information for FCCPs on their website, including:
- Dealing with the Financial Side of Coronavirus
- Pandemic Unemployment Benefits
- SBA Loans
- Paycheck Protection Program
- Impact of COVID-19 on FCC
To learn more about NAFCC, click HERE.
The Pikes Peak Workforce Center is the American Job Center serving El Paso and Teller Counties, connecting vital businesses with work-ready job seekers and employer-driven services.
Clients range from entry-level to professional, including youth, adults, people returning to the workforce, and those with barriers to employment. We provide job search and training opportunities, including 20 different job seeker workshops—ranging from basic computer use and resume preparation to LinkedIn, branding/networking and more—and always at no cost. We host the largest job fairs in Southern Colorado as well as weekly hiring events.
Learn more about free services at PPWFC.org.
Early Learning Ventures: Join Hunter Railey from the Small Business Majority to learn more about what’s in the new relief package and ask questions about what this could mean for your child care business. Register to attend or view the webinar HERE.
– PPP reauthorization and important changes
– Advance grants through the Economic Injury Disaster Loan (EIDL) Program
– SBA Debt Relief Program
– Additional policies and resources for small businesses
Business News & Updates
Coming Soon! For a snapshot of the Colorado Shines Quality Improvement grant, the new grant below, and the Early Childhood Education Quality Improvement grant, download
The Pikes Peak SBDC has launched a new LEADING EDGE™ for Child Care Providers to help both licensed childcare providers (home and center-based) and start-ups.
The federal Coronavirus Aid, Relief and Economic Security Act (CARES Act) of 2020 allocated supplemental funds to the Child Care and Development Fund (CCDF) to