Extended deferment periods for all disaster loans, including the COVID-19 Economic Injury Disaster Loan (EIDL) program, have been made until 2022. The Small Business Administration (SBA) announced that all SBA disaster loans made in calendar year 2020, including COVID-19 EIDL, will have a first payment due date extended from 12-months to 24-months from the date of the note.
In addition, all SBA disaster loans made in calendar year 2021, including COVID-19 EIDL, will have a first payment due date extended from 12-months to 18-months from the date of the note.
Click here to learn more about the SBA deferments.
In a Dec. 6 article in the Indiana Daily student, Erin Predmore, CEO of the Greater Bloomington Chamber of Commerce, stressed the importance of shopping locally for the holidays to support Bloomington/Monroe County businesses.
Premore also highlighted the Chamber's Holiday Gift Guide, which provides dozens of suggestions for shopping local.
Read the IDS article here.
Chamber CEO Erin Predmore addressed the impact of COVID-19 on the local business community during a Nov. 27 Noon Edition on WFIU. The segment also featured Jeff Meese of One World Enterprises and Efrat Feferman of the Monroe County United Way.
Predmore talked about efforts to support local businesses, including the Chamber's online holiday gift guide, which spotlights more than 100 shops and other businesses.
Click here to listen.
More than 100 items from Bloomington Chamber members are highlighted in our first annual 2020 Chamber Gift Guide, to help you shop local for the holidays. The guide is divided into 15 categories, including "For Bringing Home a Bit of Bloomington," "For the Fashionista" and "For Holiday Cheer." You can view the Chamber Gift Guide here.
Free downtown on-street parking will be available from Thanksgiving through Sunday, Nov. 29, and the city's public garages will offer free parking on Friday, Saturday and Sunday for Dec. 25-27 and Jan. 1-3. Click here for details.
In addition, parking will be free at certain Indiana University lots after 5 p.m. weekdays and all day Saturday and Sunday. This includes IU lots at 4th and Dunn, 6th and Dunn, and Poplars Garage.
B-Start, a pre-accelerator program to help launch for-profit innovation-driven businesses in Bloomington, is taking applications for its next cohort.
B-Start participants are at the earliest stage of their business development and are coached through a 5-month process of mentorship and group activities to build a foundation for accelerating the growth of their startups. Click here for the tentative 2020-21 program schedule.
The deadline to apply is Sept. 30 at 5 p.m. Click here to apply.
The Indiana Small Business Development Center and Indiana University Kelley School of Business are offering a no-cost technology consulting service to small businesses with the goal of establishing or increasing their online presence and/or creating digital capabilities.
Eligible companies may apply for no-cost assistance to help establish or increase their online presence through website development, e-commerce support and other digital tools and services. Under this Project HOPE program, Kelley students and recent graduates are offered paid internships to assist small businesses in solving technology issues or providing new digital capabilities. Projects include creating or modifying websites, building e-commerce platforms, improving cybersecurity frameworks, migrating data, and more.
Indiana small businesses can submit applications online here. For more information, contact Troy Phelps, Assistant Director for Ivy Tech Bloomington’s Gayle & Bill Cook Center For Entrepreneurship, at firstname.lastname@example.org. The South Central Indiana SBDC is housed at Ivy Tech Bloomington.
Over 150 companies have been helped so far, with more than 80 in the pipeline. The project engages with 40 new clients every two weeks and will be continuing this level of engagement through the rest of 2020.
Director of Advocacy & Public Policy