Below you’ll find our Virginia Edition of our COVID-19 Financial Guidance for Employers Across the DMV region.
We are here to help employers across DC, Maryland, and Virginia (DMV) with their financial strategy navigating COVID-19 challenges and have prepared this Virginia Employer Resources for COVID-19 to help our Virginia-based clients. Please don’t hesitate to schedule time with us so we can best advise you on what are the best financial actions we can take to assist your business. Below you’ll find new nation-wide resources as well as the Virginia-specific summary of the available funding, tax relief, and more. To help you stay informed and keep track of the numerous federal, state, and local government and non-governmental resources, we’ve consolidated a PDF that we are updating regularly and is specifically relevant to businesses across the DMV. Contact Us to let us know how else we can be of support.
Funding Available Across the DMV
- U.S. Small Business Administration (SBA) Economic Injury Disaster Loan (EIDL) – Low-interest loans to companies affected by the outbreak. Go here to apply. SBA’s Customer Service Center 1-800-659-2955 (Hours: 7 am-9 pm every day) Email email@example.com for help in completing their online application. General SBA guidance for businesses can be found here.
- Coronavirus Aid, Relief, and Economic Security (CARES) Act – $10,000 emergency grant to allow small businesses who have applied for U.S. Small Business Association (SBA) Economic Injury Disaster Loan (EIDL) due to COVID-19 to request an advance on that loan, of not more than $10,000, which the SBA must distribute within 3 days. It also states that applicants shall not be required to repay advance payments, even if subsequently denied for an EIDL loan. To apply for the EIDL loan, click here.
- SkillSource Group Northern Virginia- New Rapid Response COVID-19 Business Support Grants – Businesses located in Northern VA (Fairfax, Loudon, and Prince William counties and the cities of Fairfax, Falls Church, Manassas, and Manassas Park) that have 250 or fewer employees are eligible. Fill out the COVID-19 Rapid Response funding application and budget spreadsheet. Submit your completed application to Seema Jain, VP of Operations, at firstname.lastname@example.org. Application requests shall not exceed $25,000. Smaller requests are encouraged. Decisions for funding approval for applications will be made within two (2) business days of submission. One page flier. Learn more.
- Staunton Creative Community Fund – You can access up to $5,000 at 2% – 3% interest. Repayment terms will vary based on the borrower. The first 3 to 6 months of payments are interest only. To get an application started, please fill out this contact form.
- Waynesboro Emergency Loan Fund – Loans up to $5,000 with 0% interest, 3-year term, 2-day turnaround. Funding currently isn’t available but you are encouraged to apply as they’ll disperse funding as they have it.
- Shenandoah Valley Small Business Support Initiative COVID-19 Funding – 18 grants for up to $5,000; small business defined as 250 or fewer employees. Businesses in the counties of Rockbridge, Augusta, Rockingham, Bath, Highland, Shenandoah, Page, Frederick, Clarke, and Warren and the cities of Lexington, Buena Vista, Waynesboro, Staunton, Harrisonburg, and Winchester are eligible to apply. They also must be eligible to remain open during the emergency and are identified as essential in the U.S. Department of Homeland Security document Identification of Essential Critical Infrastructure Workers During COVID-19.
Virginia Small Business Administration (SBA)
Leverage your local SBA for assistance. Below are a few things you can do now:
- Check your local SBA for more funding and assistance available. If you need additional help navigating the SBA process, the Virginia Small Business Development Centers (SBDC), Alexandria SBDC, Community Business Partnership, Mason SBDC, Lord Fairfax SBDC, Top of Virginia Regional Chamber, or one of your other local Virginia locations you can find here.
- Attend a Virginia SBDC webinar to review the SBA Economic Injury Disaster Loans (EIDL) application process. You can watch a recording here.
- Share and Find Opportunities to Support Your Community – Across the Commonwealth, people are coming together to find creative ways to support their local businesses, healthcare providers, and schools. For more information on how to be a part of supporting the community, visit this page.
Tax Relief – Virginia Tax and Coronavirus Updates
- State Sales Tax Filing and Payment Extension & Penalty Waiver – Businesses impacted by coronavirus can request an extension of the due date for filing and payment of their February 2020 sales tax return due March 20, 2020, for 30 days. When granted, businesses will be able to file and pay no later than April 20, 2020, with a waiver of any penalties. For more information, see Virginia Tax Bulletin 20-3: Option to Request Extension of Sales Tax Deadlines for those Affected by the COVID-19 Crisis.
- Income Tax Payment Extension & Penalty Waiver – Any income tax payments due during the time period of April 1, 2020, to June 1, 2020, will now be due on June 1, 2020. This includes individual and corporate income taxes paid to Virginia Tax. Late payment penalties will not be charged if payments are made by June 1, 2020. However, interest will still accrue, so if you can pay by the original filing due date, you should. All income tax filing deadlines remain the same, including the May 1, 2020, individual income tax filing due date. However, Virginia does already have an automatic, 6-month extension to file (7 months for certain corporations). If you file during the extension period, make sure you still pay any taxes owed by June 1, 2020, to avoid penalties. More info on this one page. See Virginia Tax Bulletin 20-4: Income Tax Payment Extension and Penalty Waiver in response to the COVID-19 Crisis.
- Federal Tax Filing Deadline – July 15. Learn more. Economic Impact Payments: what you need to know. Highlights on the IRS People First Initiative. All IRS Tax info relating to COVID-19.
- Impact on employers – Virginia regional workforce teams will be activated to support employers that slow or cease operations. Employers who do slow or cease operations will not be financially penalized for an increase in workers requesting unemployment benefits.
- Unemployment Insurance (UI) for workers whose job has been affected by the coronavirus – Workers should apply to receive UI if an employer needs to temporarily slow or cease operations due to COVID-19. If a worker has been issued a notice to self-quarantine by a medical or public health official and is not receiving paid sick or medical leave from their employer, they may be eligible to receive UI. A worker may also be eligible for UI if they must stay home to care for an ill family member and are not receiving paid family medical leave from their employer. When filing your claim for UI, check the reason for separation as Lack of Work/Lay off. If you will be filing because of a reduction in hours, you will not receive benefits unless your gross earnings are less than your weekly benefit amount. Currently, the maximum weekly benefit amount in Virginia is $378. Beginning with claims effective March 15, 2020, Governor Northam has directed that the one-week waiting period and the requirement to conduct a weekly job search both be suspended for those receiving UI. Apply at www.vec.virginia.gov after you have been out of work at least 1 full day. If you do not have access to a computer, you can file your claim through our Customer Contact Center by calling 866-832-2363 Monday through Friday 8:15 am – 4:30 pm. Your claim will be effective Sunday of the week in which you submit your on-line application or file through our Customer Contact Center. How to file or re-open a claim. FAQ’s.
Utility Disconnections Prohibited in Virginia
The State Corporation Commission (SCC) issued an order directing utilities it regulates, such as electric, natural gas, and water companies in Virginia, to suspend service disconnections for 60 days to provide immediate relief for any customer, residential and business, who may be financially impacted by the COVID-19 outbreak.
Virginia Executive Orders & Other Virginia Employer Resources for COVID-19
- Stay-at-home order to remain in place until June 10, 2020, starting March 30, 2020. Full text of Executive Order #55.
- Non-essential businesses must close or have restricted operations: Governor’s Executive Order #53: Businesses in violation of this order may be charged with a Class 1 misdemeanor. Read the press release. FAQs.
- Essential Retail Business rules. All essential retail establishments must, to the extent possible, adhere to social distancing recommendations, enhanced sanitizing practices on common surfaces, and other appropriate workplace guidance from state and federal authorities. Any brick-and-mortar retail business not deemed essential must limit all in-person shopping to no more than 10 patrons per establishment, adhere to social distancing recommendations, sanitize common surfaces, and apply relevant workplace guidance from state and federal authorities. If any such business cannot adhere to the 10-patron limit with proper social distancing requirements, it must close.
- Recreation and Entertainment Business rules.
- Dining and On-Site Alcohol Establishments rules.
- Alcohol for take-out and delivery: To support small restaurants, Virginia ABC is waiving regulations to allow restaurants to deliver beer and wine via take-out and delivery.
- Workplace Safety – Governor Northam is directing all employers to follow the U.S. Department of Labor OSHA guidance on workplace safety.
Virginia Career Works (VCW) Centers
These Virginia employer resources for COVID-19 are matching job seekers with employers and providing an assortment of help to businesses and employers. Learn more. Below you’ll find a few key links to connect you to more of their resources:
- Career centers have regional oversight and website so some specific grants, programs, partners, and processes may vary. Call your local VCW to speak to a case manager about enrolling. Click here to find your local career center.
- Local workforce boards also have their own oversite and website. Connect with your local workforce boards.
- Businesses can also reach out to your local business service representative.
Virginia Medical Insurance – Response to COVID-19
Questions? Free help is available. Visit http://www.enrollva.org/get-help/
Additional Virginia Employer Resources for COVID-19 & Other Updates Available
We understand the whirlwind of resources and updates are enough to make heads spin. To help you stay informed and keep track of the numerous federal, state, and local government financial resources, we have curated key links and information that we would like to share with you. We’ve consolidated a PDF of resources we are updating regularly where you’ll find some additional highlights tracking actions the government is taking to support small businesses across DC, Maryland, and Virginia. If you are aware of any Virginia Employer Resources for COVID-19 that we’ve missed, please contact us. Again, it is best to schedule time with us versus trying to call or email. Many businesses are in need right now and we are doing everything we can to assist as quickly as possible.