COVID-19

The Minnesota Department of Employment and Economic Development (DEED) has posted guidance about the recently-created Minnesota Small Business Relief Grants Program. The program establishes a lottery for $10,000 grants for small businesses that can demonstrate...

The SBA and Treasury have released new Paycheck Protection Program guidance and forgiveness applications. This new material addresses changes brought by the Paycheck Protection Program Flexibility Act, including those to PPP loan maturity, deferral, and forgiveness....

We are also monitoring Minnesota House File 5, which approves approximately $62 million for grants to small businesses. Half of this amount will go to businesses outside the metro area. A business will be eligible if it is owned by a permanent resident of Minnesota,...

Today, Governor Walz announced that, beginning June 10, Minnesota will enter Phase III of the Stay Safe MN plan. The Stay Safe MN plan may be found here. On June 10, Minnesotans will be able to dine indoors. Restaurants and bars may open to 50 percent capacity, capped...

President Trump has signed the Paycheck Protection Program Flexibility Act of 2020 (the "Act"). The Act makes several important revisions to the Paycheck Protection Program. It: · extends the covered period to use funds for eligible expenses from 8 weeks to the...

Today, Governor Walz announced details about Phase II of the Stay Safe MN plan, which begins June 1. The Stay Safe MN plan may be found here. Starting June 1, outdoor dining will be allowed at bars and restaurants. Six feet will be required between tables. No more...

The SBA and Treasury recently released Form 3508, the long-awaited Paycheck Protection Program (PPP) Loan Forgiveness Application. Here's an overview. Form 3508 has four parts: a forgiveness-calculation form, a Schedule A, a worksheet for Schedule A, and a...

Yesterday, Governor Walz issued Executive Order 20-56, which announces the stay‑home order will lift starting May 18, 2020. At that time, "individuals may leave their homes for activities," subject to certain requirements and guidelines. Many, though not all, of the...

The SBA and Treasury issued new guidance on PPP loan-request certifications. Most PPP borrowers will now benefit from an automatic safe harbor, which should remove certification questions for loans under $2 million. Specifically, the guidance says that borrowers that...

Many counties in Minnesota have passed property tax deferments and penalty waivers for the first installment due May 15th. The following is a survey of the current property tax relief measures in southeastern MN counties: Olmsted County The Olmsted County Board of...