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Federal Reserve Board Expands its Main Street Lending Program

The Federal Reserve Board on Monday expanded its Main Street Lending Program to allow more small and medium-sized businesses to be able to receive support. The Board lowered the minimum loan amount, raised the maximum loan limit, adjusted the principal repayment...

Paycheck Protection Program Changes

Last night, the US Senate passed the House’s version (HR7010) of updates to the Paycheck Protection Program. With respect to PPP loans, HR 7010 does the following: Creates a floor of 5 years for loan maturity. Extends the covered period for obtaining and using a loan...

Governor Reynolds Relaxes Additional Restrictions

Today, Governor Reynolds signed a new proclamation continuing the Public Health Disaster Emergency until June 25, 2020. As previously stated, bars, wineries, distilleries, and social clubs may reopen May 28th with the same public health measures as restaurants. In...

Additional Businesses to Reopen May 22nd

Today the Governor announced additional openings that will impact movie theaters, museums, wedding venues, auctions, and swimming pools effective at 5 am on Friday, May 22, 2020. The governor sited that the additional business reopening were made possible with...

Considerations if an Employee Contracts COVID-19

Businesses across Iowa (and the country) are facing similar challenges related to the COVID-19 public health emergency.  One predominate recurring question is what to do if one of your employees contracts COVID-19.  As the virus continues to spread across the states,...

Proclamation: Reopening of Businesses & Establishments Statewide

The Governor announced a new proclamation today that permits additional businesses to reopen throughout Iowa in a limited fashion with appropriate public health measures in place. It also permits restaurants (but not bars), fitness centers, and libraries, to reopen in...

Trump Signs Coronavirus Aid Bill for Small Businesses, Hospitals

On Friday, April 24th, President Trump signed a nearly $500 billion COVID-19 economic assistance package, which is the fourth and likely the last installment of Coronavirus aid packages. Since the $349 billion allocated for Small Business Administration’s loans was...

Senate Approves $480 Billion Aid Package

'Interim' spending package headed to House as early as Thursday Top Democrats and the Trump administration reached an agreement today on a $480 billion aid package that would replenish the small-business loan program meant to aid small businesses impacted by the novel...

Governor Reynolds Launches Test Iowa Program

In today’s press conference (April 21, 2020), Governor Kim Reynolds announced that she is launching Test Iowa, a public-private partnership to test 540,000 Iowans for COVID-19 in addition to the current testing measures. The goal is to be able to test up to 3,000...

Gazette Launches Business Marketing Grant Program

The Gazette has announced the launch of a community grant program to help local businesses continue marketing themselves during the COVID-19 pandemic. The program allocates up to $100,000 in matching advertising dollars to assist local businesses during this difficult...

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