Business Update for those Facing the Impact of COVID-19
Friday, September 11, 2020
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We continue to provide our business community with the latest updates and tools from the City of Miami Beach during this pandemic. |
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City of Miami Beach Lessens the Economic Hardship for Local Businesses
Understanding the widespread financial impacts local businesses have endured as a result of the global pandemic, the City of Miami Beach is providing a relief to businesses by modifying the Fiscal Year (FY) 2021 Business Tax Receipt (BTR) renewal process. The BTR expiration date, usually due and payable before September 30 of each year, has been extended to December 31, 2020 — providing businesses an additional three months of economic recovery.
The city is also providing an option for businesses to split the FY 2021 BTR renewal from one payment to two payments along with further extending the due dates. The first payment of half the renewal fee is now due December 31, 2020 followed by a second payment due date of March 31, 2021.
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Miami Foundation COVID-19 Relief Nonprofit Grants
The Miami Foundation, in partnership with Miami-Dade County’s Department of Public Housing and Community Development, will offer $10 million in grants to local, small nonprofits. The Miami-Dade County Nonprofit Support Grants program, made possible by the federal Coronavirus Aid, Relief and Economic Security (CARES) Act, will provide financial relief to charitable organizations impacted by the COVID-19 pandemic.
Approved by the Miami-Dade County Board of County Commissioners on July 21, grant funds will be available to Miami-Dade nonprofits with fewer than 25 employees and must cover employee payroll, business interruption costs, reopening and other expenses related to pandemic response. Eligible nonprofits can apply for grants of up to $47,500 for reimbursements and/or future expenses.
The application is available beginning today and is open through September 30.
View the program guidelines, application and FAQs, plus sign up for informational webinars and one-on-one help sessions, here.
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Miami-Dade County District 5
Retail Relief Program
This program provides financial relief to retail businesses deemed "non-essential" and were previously ordered to close during the pandemic, as well as restaurants.
The goal of this program is to provide $1,000 grants to be used only for rent or mortgage payments of commercial spaces. The District 5 Retail Relief Program aims to help decrease the business owners’ expenses and ensure they can focus any other funds towards payroll, staffing, and other re-opening costs.
Applications and more information about the program can be found here.
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Hotel Workers Impacted by COVID-19 Can Apply for Financial Support & Professional Development Training
The Hotel Worker Relief Program has officially launched!
This program, developed in partnership with Miami Dade College (MDC) and the Greater Miami and Beaches Hotel Association (GMBHA), provides financial support and professional training to hospitality workers impacted by the COVID-19 pandemic.
Up to 2,500 eligible hospitality workers will receive financial compensation in the amount of $1,000 for successfully completing a hotel training workshop. Administered by Miami Dade College, the program and workshops will take place over the course of two days and will include a curriculum for the professional development of hotel workers, including employment skills training, opportunities for advancement in the hotel industry, and exposure to other career paths.
Applications and additional information about the program can be found here.
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Miami-Dade County's Hospitality Industry Grant (HIG) Program
Local, independently-owned and operated restaurants and non-home-based caterers impacted by COVID-19 are eligible to apply for relief monies through the Miami-Dade County Hospitality Industry Grant Program.
The $30 million HIG program will be calculated based on individual percentages of eligible costs incurred, with a maximum award of $25,000 per establishment. The program will award grants to a maximum of two (2) establishments per restaurant/hospitality group. Priority will be given to applicants that have a single establishment. If an applicant has two or more establishments and requests assistance for both, then a single application must be submitted. Learn more and apply here.
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RISE Loan Program
The RISE Loan program is now open to Miami-Dade County businesses impacted by COVID-19. The maximum loan amount a business can receive is $30,000.
To be eligible, a business must operate within Miami-Dade County, be in operation for a minimum of 2-years, have gross sales of less than $2 Million and have 25 or fewer employees or independent contractors. Complete details on this program are available here.
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To request assistance as an impacted business or employee, please email ResourceCenter@miamibeachfl.gov with your contact information and needs. All inquiries will be responded to via phone or email by a Resource Agent.
For a full listing of resources and information visit www.MBbiz.com
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