The Indiana Economic Development Corporation (IEDC) announced a few new programs today to assist businesses with recovery. These include:
- Small Business Restart Grants using $30M in Federal CARES Act funds. These are grants, not loans for businesses unable to get a Payment Protection Program (PPP). Depending on the loss of revenue, a small business can qualify for up to $2,500 or $5,000 for each month.
- Sending an additional $3.7M to the Small Business Development Centers to enhance counseling and training for businesses impacted by Covid-19 for things like financial assistance, E-Commerce, business adaption and innovation, disaster resiliency and planning, and reopening plans
- Economic Activity Stabilization and Enhancement (EASE) Program – using $10M from the state’s 21st Century Research and Technology Fund for three initiatives to help IN recover in the long term by focusing on startup investment and resources, technology modernization and training assistance
- EASE Smart & Advanced Manufacturing Focus Fund ($3M) – launches immediately to provide seed and early stage investments and entrepreneurship resources to IN manufacturing-focused startups through Elevate Ventures. Will award up to $500 thousand w/minimum 1:1 co-investment
- EASE Manufacturing Readiness Grants ($4M) – launching in July will provide matching grants of up to $200,000 to companies committing to modernize operations or integrate smart technologies and processes to improve capacity or investing in health care manufacturing technology (such as PPE)
- EASE Smart Manufacturing Studio Lab ($3M) – launching Q1 2021, it will provide lab space and access to state-of-the-art manufacturing equipment so businesses can train employees, validate technologies and conduct third-party pilot manufacturing
Details about these programs will be shared next week at the Back On Track website.
While 73,430 Hoosier Businesses have received a PPP loan (totaling $9,379,164,461), Secretary of Commerce Schellinger encouraged businesses who have not yet applied for a PPP loan to apply. There are still funds available and your local bank can assist with this.
We also heard an update on the Unemployment Insurance (UI) claims. There were 26,278 initial claims last week down from 30,311 the week before and the peak of 139,174 the week ending March 28th. A total of 714,689 Hoosiers have filed a new claim for unemployment since March 21st. Since May 24th, the state has paid $986M in total claims ($755.5M coming from federal funds). Call wait time continues to be reduced, though is still longer than desired; and more than 85% of payments go out within 21 days of the application. The other 15% of payments require further investigation and take longer.
Tuesday, June 2nd is Primary Election Day in Indiana (delayed from May 5th). If you are interested in finding out who is on the ballot (remember, you will choose a Republican or Democrat ballot for this election), you can do so at:
- Select “Who’s On The Ballot”
- Then either put in your personal information if you are a registered voter or search by County and choose a precinct to see those on the ballot in your County
At this website, you can also find your Polling Location if you choose to vote in person or use the “My Voter Portal” to confirm whether your absentee ballot has been received by the County.
New Information and Updates:
- There were 521 new positive cases (33,558 total), 40 new deaths (1,946 total), and 6,857 new tests administered 248,713 total) reported on the state’s dashboard at www.coronavirus.in.gov as of midnight last night. There are an additional 164 probable Covid-19 deaths (X-Ray, CT, symptoms & exam consistent w/Covid-19, but no positive test received).
- The last 2 days have seen significant jumps in all metrics as reporting catches up from the weekend. Because of traditional lags over the weekend and as the Governor continues to reduce these briefing times, the next 2 weeks will have briefings on Wednesdays and Fridays. He will reassess again after June 14th.
- Using some of the Regenstrief data, Dr. Box noted that 32% of all cases are age 60 or older, 34% are age 40-60, and nearly 20% are under the age of 30. In response to a question later, she commented that she is confused when she sees people not wearing a mask. “It’s selfish. You may be fine, but the elderly person who comes behind you may not be so lucky. This is how we can band together to protect our vulnerable populations.”
- The 2nd round of testing for the study in conjunction with the IU Fairbanks School of Public Health will begin next week. If you are asked to participate, please do – even if you’ve already had a Covid-19 test. This helps understand the spread in Indiana and ensures we have good data to keep progressing down the path toward reopening.
- Many of the more than 200 Covid-19 testing sites across the state have capacity to test more individuals. Nearly anyone who wants a test can get one regardless of symptoms, though testing is encouraged for anyone with symptoms and those without symptoms who are in the high risk categories or are an essential worker who needs to return to work. Use the map to find a site near you; you can register for one of the ISDH/Optum operated sites at https://lhi.care/covidtesting or by calling 888-634-1123.
Resources & Reminders:
- All of the Governor’s Executive Orders can be found here. In addition to the language in the EO’s, there is helpful industry-specific information in the Industry Guidelines on the “Back On Track Indiana” webpage.
- Those needing assistance with Unemployment Insurance are strongly encouraged to check the Unemployment Insurance website where there is up-to-date information including a regularly updated FAQ before calling. You can find webinars, Facebook live events, etc. (for employers and individuals) posted here and available jobs can always be found at www.indianacareerconnect.com with frequently planned virtual job fairs.
- Supplemental PPE for small businesses and non-profits is available from the state’s PPE Marketplace.
- Review hospitalization rates and other Covid-19 tracking data at: www.regenstrief.org/covid-dashboard
- Businesses able to make or donate PPE, services, or other products, contact: COVIDResponse@iedc.in.gov.
- Those needing mortgage or rent assistance should call 1-877-GET-HOPE or go to: www.877GetHope.org.
- Check the Wi-Fi Hotspot Map if you need internet access for work or school.
- Up-to-date SW IN regional information is available at www.ourvchd.org (Vanderburgh County Health Dept.)
- The American Red Cross needs blood donors. Find a donations site at: donation/collection in communities.
- Guidelines for how Long Term Care (LTC) Facilities address the collection and communication of Covid-19 information. Those working at or those with family members at an LTC Facility should review the guidelines.
- If you have questions about tax deadlines for yourself or your business, check www.in.gov/dor.
- If you haven’t done so already, complete your 2020 Census at www.my2020census.gov.
- If you or someone you know is contemplating Suicide: call 800-273-TALK, text HOME to 741741, or visit www.suicidepreventionlifeline.org
- Anyone experiencing Domestic Violence can get immediate help at 800-799-7233, text LOVEIS to 866-331-9474, or visit www.thehotline.org/help
- To find a resource for Addiction Recovery, go to: www.in.gov/recovery/