News Flash

City Homepage

Posted on: March 19, 2020

For Businesses Impacted by COVID-19

Business Resources

Updated: 4-6-20

A variety of resources are available to help businesses, employers, and workers dealing with the impacts of COVID-19.

Unemployment Insurance Information for Employers
The State of Minnesota asks that workers who are unemployed or who have hours reduced due to the COVID-19 outbreak apply for unemployment benefits online 

SBA Paycheck Protection Program
The Paycheck Protection Program helps employers with less than 500 employees retain employees at their current base pay. Proceeds can be used for payroll expenses from February 15 to June 30, 2020. If employers keep all employees, the entirety of the loan will be forgiven. If an employer keeps a portion of employees, the loan forgiveness will be reduced by the percent decrease in the number of employees. The amount any small business is eligible to borrow is 250% of their average monthly payroll expenses, up to a total of $10 million. 

SBA Disaster Assistance Loans 
The SBA is providing up to $2 Million in Disaster Assistance Loans for Small Businesses affected by COVID-19. The SBA will also provide up to $10,000 of economic relief to businesses that are currently experiencing temporary difficulties.

State of Minnesota Small Business Emergency Loans
This program assists small businesses directly and adversely affected and whose industry was temporarily closed under a series of Minnesota Executive Orders. It is administered by certified lenders around the State. Interested Coon Rapids businesses can contact Central Minnesota Development Company at 763-784-3337.

State of Minnesota Small Business Loan Guarantee Program
This program enables a small business to obtain a term loan when it cannot otherwise qualify for a loan. It is also administered by certified lenders around the State. 

Bank Loans
Many banks and credit unions have established new loan programs or are offering modified repayment options on existing loans for both personal and business loans. In addition, the recent Federal CARES Act passed provides a 6-month debt forgiveness to the borrower for all 504, 7a, Community Advantage, Microloan borrows and Disaster Loans from the SBA.

Open to Business Technical Assistance
The Open to Business program can provide free technical assistance to businesses as they navigate the current situation. This includes working with lenders on restructuring payments or negotiating temporary relief; navigating employee or payroll matters; utilizing tax credits; and shifting business models temporarily to online sales, gift certificates, or delivery. Businesses can contact Business Advisor Carrie Mikkonen by email.

Local Chambers of Commerce

Both the Anoka Area Chamber of CommerceMetro North Chamber of Commerce and Anoka Area Chamber of Commerce list a variety of resources online. 

Metro North

Minnesota Shared Work Program
This program offers an alternative to layoffs for employers facing a temporary downturn in business.

State Sales Tax Deferral
The State Revenue Department is deferring the collection of Sales Tax payments due on March 20, 2020, with no late fees or penalties.

Other State and Federal Resources
The State of Minnesota is providing up-to-date information to employers regarding unemployment insurance, workplace health and safety and other important matters.

Sick Leave Policy Guidance
The Minnesota Department of Health offers resources regarding sick leave policies.

CDC Guidance for Business
The Centers for Disease Control offers additional guidance for businesses and employers.

Facebook Twitter Email

Other News in City Homepage


Support Coon Rapids Restaurants!

Posted on: March 27, 2020

Census 2020

Posted on: March 12, 2020
truck road restrictions apr 3_Super_Newsflash

Spring Load Restrictions

Posted on: March 3, 2020
Join a Commission

Openings Available for City Commissions

Posted on: January 27, 2020
Gardening spade and rake stuck in the dirt

Reserve Your Garden Plot

Posted on: March 1, 2020
Fire burning in a hearth

Hot Ashes Pose Fire Risk

Posted on: February 24, 2020
Grains of salt de-icer on a road

Wanted: Water Monitors

Posted on: February 10, 2020
Coffee cup titled: Winter Concert Series, Richard Szyplinski

Cool Music, Warm Coffee

Posted on: March 11, 2020
Coffee cup titled: Winter Concert Series, The Red Letter Band

Cool Music, Warm Coffee

Posted on: February 12, 2020
Sand Creek Restoration

Creek "Makeover" Continues

Posted on: February 3, 2020
Glass Star-shaped award

Detective Honored

Posted on: January 13, 2020
Blvd Plaza Possible Expansion

Boulevard Plaza Possible Site Expansion

Posted on: December 6, 2019
Coffee cup titled Winter Concert Series: Good Foot Express, January 9

Cool Music, Warm Coffee

Posted on: January 8, 2020
2020 Budget in Brief

2020 City Budget

Posted on: November 6, 2019
New Building Groundbreaking

Groundbreaking for New Apartment

Posted on: November 7, 2019
Worker places a red plastic bag over a fire hydrant

Fire Hydrant Covers

Posted on: October 30, 2019
Photo of a hummingbird hanging on a wall

Photo Contest Winners

Posted on: October 1, 2019
D-E-A National R-X take back, Saturday, October 20, 10 a.m. - 2 p.m. with pills spilling out of an o

Drug Take Back Day

Posted on: October 11, 2019
2018 Police Department Annual Report

2018 Police Department Annual Report

Posted on: August 23, 2019
Crooked Lake water testing

Crooked Lake Water Testing

Posted on: August 2, 2019
Firefighters kneeling around a man laying on a new EleGARD CPR board

First in Nation for Latest CPR Technology

Posted on: September 2, 2019
Simple Recycling

Simple Recycling Has Ended

Posted on: July 11, 2019
Drinking Water Report

Drinking Water Report

Posted on: May 29, 2019
Sign that says "Parks and Trails Closed"

CTN Community Update for 4/12/19

Posted on: April 12, 2019