The Alabama Technology Network (ATN), with extensive input from Alabama companies, have formulated this “Return to Work” plan to educate business and industry on the return to work protocols and procedures implemented for safety and protection. Download the guide from the ATN site.
MONTGOMERY, April 10, 2020 – The Alabama Department of Revenue announced today that the period for certain tax relief related to income and other taxes has been updated.
Taxpayers can defer state income tax payments due on or after April 1, 2020 (previously April 15), and before July 15, 2020, to July 15, 2020, without penalties and interest, regardless of the amount owed. This deferment applies to all taxpayers, including individuals, trusts and estates, corporations and other non-corporate tax filers.
Other taxes included in the deadline extension are corporate income tax, the Financial Institution Excise Tax (FIET), and the Business Privilege Tax (BPT).
The Federal Reserve announced a new $2.3 trillion round of loans that include even more support for small businesses and consumers — and, for the first time, for states, cities and municipalities, too.
Below are a few high level notes from the press release.
Please check back often to access updated information.
ALtogether is a one-stop-shop where Alabamians can ask for help or lend a hand during the COVID-19 crisis. This response effort is designed to connect businesses, nonprofits, and people that need help with the right program partners–and to connect program partners with people and resources to help those most in need.
At a broader level, ALtogether is a coordinated effort to provide policymakers, businesses, foundations, and the public with (1) information about how the crisis is impacting hardworking Alabamians and (2) opportunities to offer assistance to Alabama business owners and workers.
Want to join us?
AlabamaWorks is pleased to announce a new tool for all businesses,
large and small, related to the COVID-19 impact and future
focus of workforce in the state.
The Alabama COVID-19 Workforce Response Survey is designed to help the state fully understand the impact of this pandemic on the state’s workforce as well as provide a clear path forward for businesses, industry and state government.
Responses to the survey will be accepted through Tuesday, April 21 at 5:00pm. All businesses are highly encouraged to participate as the
responses will help to protect Alabama’s workforce, manage the
impact of COVID-19 and guide allocation of various resources.
Verizon Small Business Recovery Fund
Thanks to a $2.5 million investment from Verizon, the Ford Foundation's non-profit program, LISC is offering grants to help small businesses fill urgent financial gaps until they can resume normal operations or until other more permanent financing becomes available.
Who is eligible?
LISC will use the Verizon funding to provide grants of up to $10,000 to businesses facing immediate financial pressure because of COVID-19—especially entrepreneurs of color, women-owned businesses and other enterprises in historically underserved communities who don’t have access to flexible, affordable capital.
Funding will re-open in mid April, so get your applications ready!
SBA Offers Disaster Assistance to Alabama Small Businesses
SBA Offers Disaster Assistance to Alabama Small Businesses Economically Impacted by the Coronavirus (COVID-19)
ATLANTA – The U.S. Small Business Administration is offering low-interest federal disaster loans for working capital to Alabama small businesses suffering substantial economic injury as a result of the Coronavirus (COVID-19), SBA Administrator Jovita Carranza announced today. SBA acted under its own authority, as provided by the Coronavirus Preparedness and Response Supplemental Appropriations Act that was recently signed by the President, to declare a disaster following a request received from Gov. Kay Ivey on March 17, 2020.