SBA to Reopen PPP Loans For Business Borrowers

The U.S. Small Business Administration (SBA), in consultation with the Treasury Department, announced today that the Paycheck Protection Program (PPP) will re-open the week of January 11 for new borrowers and certain existing PPP borrowers. To promote access to capital, initially only community financial institutions will be able to make First Draw PPP Loans on Monday, January 11, and Second Draw PPP Loans on Wednesday, January 13. The PPP will open to all participating lenders shortly thereafter.

Updated PPP guidance outlining Program changes to enhance its effectiveness and accessibility was released on January 6 in accordance with the Economic Aid to Hard-Hit Small Businesses, Non-Profits, and Venues Act.

This round of the PPP continues to prioritize millions of Americans employed by small businesses by authorizing up to $284 billion toward job retention and certain other expenses through March 31, 2021, and by allowing certain existing PPP borrowers to apply for a Second Draw PPP Loan.

“The historically successful Paycheck Protection Program served as an economic lifeline to millions of small businesses and their employees when they needed it most,” said Administrator Jovita Carranza. “Today’s guidance builds on the success of the program and adapts to the changing needs of small business owners by providing targeted relief and a simpler forgiveness process to ensure their path to recovery.”

“The Paycheck Protection Program has successfully provided 5.2 million loans worth $525 billion to America’s small businesses, supporting more than 51 million jobs,” said Treasury Secretary Steven T. Mnuchin. “This updated guidance enhances the PPP’s targeted relief to small businesses most impacted by COVID-19. We are committed to implementing this round of PPP quickly to continue supporting American small businesses and their workers.”

Key PPP updates include:
  • PPP borrowers can set their PPP loan’s covered period to be any length between 8 and 24 weeks to best meet their business needs;
  • PPP loans will cover additional expenses, including operations expenditures, property damage costs, supplier costs, and worker protection expenditures;
  • The Program’s eligibility is expanded to include 501(c)(6)s, housing cooperatives, direct marketing organizations, among other types of organizations;
  • The PPP provides greater flexibility for seasonal employees;
  • Certain existing PPP borrowers can request to modify their First Draw PPP Loan amount; and
  • Certain existing PPP borrowers are now eligible to apply for a Second Draw PPP Loan.

A borrower is generally eligible for a Second Draw PPP Loan if the borrower:
  • Previously received a First Draw PPP Loan and will or has used the full amount only for authorized uses;
  • Has no more than 300 employees; and
  • Can demonstrate at least a 25% reduction in gross receipts between comparable quarters in 2019 and 2020.

The new guidance released includes:
  • PPP Guidance from SBA Administrator Carranza on Accessing Capital for Minority, Underserved, Veteran, and Women-owned Business Concerns; 
  • Interim Final Rule on Paycheck Protection Program as Amended by Economic Aid Act; and
  • Interim Final Rule on Second Draw PPP Loans.

For more information on SBA’s assistance to small businesses, visit sba.gov/ppp or treasury.gov/cares.
For additional resources, please visit Broward County Public Schools at browardschools.com/youngvoicesmatter.
The State of the Global Startup Ecosystem
January 13, 2021 | 9:30 AM - 11:30 AM

A statewide organization helping small businesses interested in pursuing federal, state and local contracting opportunities.

To support businesses that may be experiencing financial strain, the Florida PTAC offers no-cost consulting appointments and all virtual training is free of charge.

For more information, visit www.fptac.org.

A multi-sector virtual showcase of Florida's leading products and services. Register by December 31st, 2020. 

This global online platform will connect Florida small and medium-sized companies directly with a worldwide business audience of international buyers, distributors, and decision makers interested in their products and services.
Thank You,
from the Miramar Cultural Center
Check out this video from Commissioner Alexandra P. Davis
on the Tree Trimming Assistance Program for Miramar Residents
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For information on the COVID vaccination, please contact the Florida Covid Call Center at 1-866-779-6121 or COVID-19@flhealth.gov.
The information below details employee positive cases and contact tracing, Miramar’s daily increase 45-day moving trend, Miramar’s daily increase 45-day moving trend, the Vernon E. Hargray Youth Enrichment Center (VEHYEC) and Miramar Regional Park (MRP) daily numbers of COVID-19 exams, Broward County Positivity Rate 14-day trend, State of Florida Positivity Rate 14-day trend, international, national, state and tri-county positive and death cases as of 11AM today which includes COVID-19 statistics per Miramar zip codes, antibody testing statistics, and Florida County and City statistics, which provides insight on how Miramar is doing in comparison to other localities, total hospitalized in Broward County, hospital bed availability, and citation/violation statistics.
Positivity rates shown below are based on Broward County and Florida State numbers for testing, which include all positive and negative testing results. There are instances where media outlets publicize different positivity rates, which can be misleading as this only highlights a segment of the number of persons tested. There are non-resident positive cases that may include those individuals who spend the winter here or students who may attend school here, but their permanent address is elsewhere, there are individuals tested multiple times who continue to remain positive and infectious. The charts below include the entirety of the population tested, to include the aforementioned individuals. 
For additional testing locations, please visit miramarfl.gov/coronavirus.
RESOURCES
The City of Miramar Economic Business and Development Department is available to assist Miramar businesses with Covid-19 business recovery, reopening and general business information at 954-602-3267 or by email.
CORONAVIRUS RESOURCES

CDC Prevention and Treatment
866-779-6121 CDC 24-hour hotline

CDC Frequently Asked Questions

CDC General Information

Florida Department of Health

World Health Organization
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Mayor Wayne M. Messam's Gift Giveaway
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Black History Month Meets Reggae
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Miramar Regional Skate Park Coming Soon!
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Paw Central is open!
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Limited availability for the elderly, disabled, families with very young children and those with no mode of transportation.

Please call the office of Commissioner Alexandra P. Davis at (954) 602 3155 or email apdavis@miramarfl.gov.