PHASE 1 of Connecticut’s Business Reopening Plans - Governor Lamont’s administration has released documents detailing specific rules that eligible businesses falling underphase 1 of Connecticut’s reopening plans must follow amid the ongoing COVID-19 pandemic. The first phase – which includes restaurants; offices; retail stores; and outdoor museums and zoos – is currently planned to take effect beginning May 20. Documents containing the rules for the first phase of reopening have been published on the state’s coronavirus website and are available to download directly at these links: Hair Salons & Barbershops (delayed until early June) Museums and Zoos (Outdoor Only) Offices Restaurants (Outdoor Only) Retail & Malls
Reopen Your Business | Self-Certify https://business.ct.gov/recovery
Connecticut businesses will reopen in planned phases. Before you can open your doors, you must self-certify that you are following strict safety guidelines to keep your employees and customers safe.
IRS: Employee Retention Credit available for businesses financially impacted by COVID-19 To encourage businesses to keep employees on their payroll. The refundable tax credit is 50% of up to $10,000 in wages paid by an eligible employer whose business has been financially impacted by COVID-19.
Connecticut Center for Advanced Technology
Manufacturers realigning or expanding capacity and capabilities to respond to the shortages of critical medical equipment and supplies shall be eligible for a one-time grant up to $75,000.The grants, offered through the state’s Manufacturing Innovation Fund Voucher Program, can be used for working capital, new equipment, and other purposes that help companies build capacity or re purpose their operations. Learn more about the program and the application process by visiting https://ctmvp.ccat.us.
Hedco COVID-19 Business Response Program Line of Credit https://portal.ct.gov/DOB/Consumer/Consumer-Help/COVID-19-Mortgage-Relief HEDCO, Inc. has partnered with Governor Lamont, State of Connecticut, the CT Department of Economic & Community Development (DECD) and the CT Minority Business Initiative to provide financial relief to minority-owned and women-owned small businesses negatively impacted by the coronavirus pandemic.
MORTGAGE RELIEF Mortgage Relief During COVID-19 Outbreak https://portal.ct.gov/DOB/Consumer/Consumer-Help/COVID-19-Mortgage-Relief If you are experiencing financial hardship due to COVID-19, the federal government is offering relief options to homeowners through the recently passed CARES Act. In addition, for those borrowers who do not qualify, many banks and credit unions in Connecticut are offering relief consumers may qualify for.
Free Tax Preparation Help - VITA (Volunteer Income Tax Assistance) https://uwc.211ct.org/taxhelp/
VIRTUAL VITA Programs: Clients can have their taxes completed for free by an IRS-certified volunteer via a combination of an online form and the telephone. The VITA program is for individuals who generally make $56,000 or less, persons with disabilities and limited English speaking taxpayers who need assistance in preparing their own tax returns. Also, individuals who are self-employed should have business expenses less than $25,000, and individuals should not have income from a rental property.