Month: April 2020

CT DOL: Unemployment Benefits for Self-Employed and Independent Contractors

Connecticut State Unemployment Program
For: Employees, Self-employed, Independent Contractors
Eligibility: Recent changes have expanded eligibility to include self-employed, independent contractors, “gig workers”, free-lancers. These are categories of workers who did not pay into the unemployment fund through payroll deductions.
Amount: Calculated based on earnings history plus $600/week additional from federal government.
CT Department of Labor – Frequently Asked Questions

Connecticut Business Response Program

Small businesses across Connecticut are facing tough times due to the COVID-19 pandemic. As the state and federal government work to lend support to affected small businesses, we must not neglect businesses that have had difficulty in receiving financial assistance due to systemic challenges.

Violette Haldane collaborated with Governor Lamont, the Connecticut Department of Economic & Community Development (DECD), the Connecticut Minority Business Initiative, and the Hartford Economic Development Corporation (HEDCO) on the Connecticut Business Response Program. This program allows minority-owned and women-owned small businesses to apply for a zero-interest line of credit up to $20,000.

To Be Eligible the Small Business Must:

  • Have No More Than 20 Full-Time and/or Part-Time Employees
  • Required to be At Least 51% of Minority and/or Women-Ownership
  • Operating for At Least 6 Months
  • In Good Standing with the Department of Revenue Services

COVID-19 Business Response Program Webpage: Click Here

For more information and questions, you can contact HEDCO at COVID-19@hedcoinc.com or (860) 527-1301 x18.

Route 44 Construction Update

Kimberli Owens has provided the following update:

Schedule: Week of April 6, 2020*

Normal Work Hours: 7:00am – 5:00pm, Monday-Friday

  • Tree planting will begin this week along Albany Avenue between Homestead Avenue and Bedford Street.
  • Drainage work will occur throughout the project limits.
  • Traffic signal installation continues on Albany Avenue at the intersections of Irving Street and Sigourney Street. Traffic signal installation will begin on the southeast corner of Magnolia Street and Albany Avenue.
  • Installation of conduit and light pole foundations will occur on the north side of Albany Avenue between Garden Street and Irving Street.

Schedule: Week of April 13, 2020*

Normal Work Hours: 7:00am – 5:00pm, Monday-Friday

  • Tree planting continues east on Albany Avenue.
  • Concrete sidewalk and driveway ramp installation will occur on the north side of Albany Avenue between Garden Street and Irving Street. Pedestrian and business access will be maintained.
  • Drainage work continues throughout the project limits.
  • Granite curb installation is scheduled to resume on the north side of Albany Avenue between Garden Street and Irving Street.
  • Traffic signal installation continues east of Sigourney Street.

*weather permitting

All travel lanes on Albany will remain open before 9am and after 3pm; during other hours, partial lane closures may occur. Traffic will be maintained in both directions on Homestead and Westbourne. Hartford Police will assist motorists and pedestrians.

The project field office, located at 1229 Albany Avenue, is open Monday-Friday from 7:00am to 3:30pm. If you have any questions about the project, please stop in and see us. If you have project-related business or pedestrian access concerns, please contact Kimberli Owens at (860)263-8533.

Visit our website at http://www.albanyavenuehartfordproject.com

For our latest project photos check out http://www.albanyavenuehartfordproject.com/home/photos/

Questions or concerns? Contact kimberli.owens@ct.gov.

CARES Act

The Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed into law on Friday, March 27, 2020, and allocates $350 billion to help small businesses keep workers employed amid the pandemic and economic downturn.  More information is available in the online Guide located via the  CT Business Resource Center .  This document also includes Q&A Guides for initiatives such as the Small Business Debt Relief program; the Paycheck Protection Program (PPP); and Counseling and Training by resource partners.

Hartford Launches Coronavirus Website

On April 6, 2020, the City of Hartford launched a website at https://coronavirus.hartford.gov/ that is devoted to its coronavirus response.  The website also has answers to frequently asked questions, directions on what residents should do if they feel sick, and referrals to resources for students, families, and businesses.

Residents should use the dedicated coronavirus section on the Hartford 311 app to  report any immediate  instance of social-distancing violation such as social or recreational gatherings, non-essential businesses that continue to operate, essential businesses that are not enforcing social distancing, or general coronavirus-related concerns.

Your continued support in this endeavor will make a positive difference during this time of major concern.

 

 

COVID-19 Recovery Fund – LISC & Verizon

LISC is pleased to announce the Verizon-LISC COVID-19 Recovery Fund is now open and accepting applications. This fund provides grant support to help address the immediate financial impact on small businesses due to the pandemic.

Click here to access the application. Your application must be completed by Saturday, April 4th, 11:59 p.m. ET.

Please keep the following in mind:  

  • For business owners with multiple businesses, please answer this survey based on your largest business owned.
  • Each awardee is limited to one grant per tax ID. You will need this ID to complete the application.
  • Eligibility is based on accurate and complete submission of request to include required documents uploaded.
  • This program is not eligible to employees of Verizon or LISC.
  • Your application must be completed by Saturday, April 4th, 11:59 p.m. ET.

Who is eligible?
LISC will use the Verizon funding to provide grants of up to $10,000 to businesses facing immediate financial pressure because of COVID-19—especially entrepreneurs of color, women-owned businesses, and other enterprises in historically underserved communities who don’t have access to flexible, affordable capital.

What it can be used for?

  • Paying rent and utilities
  • Meeting payroll
  • Paying outstanding debt to vendors
  • Other immediate operational costs

Email verizongrantsinfo@lisc.org for questions and troubleshooting. OR  Apply Now

ABOUT THE VERIZON-LISC SMALL BUSINESS RECOVERY FUND 

Small businesses across the country are confronting extreme economic challenges as a result of the COVID-19 pandemic. Financial support at this critical time can make the difference between staying in business or closing permanently, leading to lost income, jobs and economic stability.

Thanks to a $2.5 million investment from Verizon, LISC is offering grants to help small businesses fill urgent financial gaps until they can resume normal operations or until other more permanent financing becomes available.

Additionally, Verizon recently launched #PayItForwardLIVE, a weekly livestream from big names to pay it forward for small businesses. Viewers can tune in every Tuesday and Thursday at 8PM ET/ 5PM PT on @Verizon’s Twitter, Yahoo, Twitch, and Fios Channel 501. As people support their favorite small businesses with #PayItForwardLIVE, Verizon will commit an additional $10 per use of the hashtag, up to $2.5 million, for a total of up to $5 million in support.

LISC Connecticut
75 Charter Oak Avenue, Suite 2-250
Hartford, CT 061
LISC Connecticut

Sales and Use Tax Filing Extension

Department of Revenue Services (DRS) has deferred sales and use tax for small businesses and hotels. According to information taken from their website,  https://portal.ct.gov/DRS/COVID19/DRS-COVID-19-Response-FAQ
Sales and Use Tax

DRS has extended the filing and payment deadlines for sales tax returns (added 3/30/2020) within the parameters outlined in Q&A excerpt below:

What small business taxpayers qualify for this relief? (added 3/30/2020)

Taxpayers that have $150,000 or less in annual Sales Tax liability qualify for an automatic extension of time to file and pay. Similarly, taxpayers that have $150,000 or less in annual Room Occupancy Tax also qualify for this relief. A taxpayer that collects both Sales Tax and Room Occupancy Tax must evaluate each tax separately to determine eligibility for relief.

How does a taxpayer determine if it is a qualified small business? (added 3/30/2020)

Taxpayers are required to utilize a calendar year look back period of January 1, 2019, through December 31, 2019. Any taxpayer that reported $150,000 or less in tax during that period qualifies for the relief.
What returns are covered by this extension? (added 3/30/2020)

For monthly Sales Tax and Room Occupancy Tax filers: returns and payments due March 31, 2020, and April 30, 2020, are extended to May 31, 2020.

For quarterly Sales Tax and Room Occupancy Tax filers: returns and payments due April 30, 2020, are extended to May, 31, 2020.

COVID-19 Crisis CT – Paycheck Protection Program (PPP)

The SBA is offering  disaster assistance in the form of forgivable loans through their Paycheck Protection Program (“PPP”) that authorizes up to $349 billion in forgivable loans to small businesses to pay their employees during this COVID-19 crisis.

Starting April 3, 2020, small business owners and sole proprietors may apply for and receive loans to cover their payroll and other specific expenses through existing SBA lenders.

Starting April 10, 2020, independent contractors and self-employed individuals may apply for and receive loans to cover their payroll and other certain expenses through existing SBA lenders.

Further details may be viewed on the Metro Hartford Alliance website and a Q&A fact sheet regarding this program is located at https://www.metrohartford.com/wp-content/uploads/PPP-Fact-Sheet.pdf