Coronavirus (COVID-19) Updates & Resources

In light of the recent COVID-19 (Coronavirus) outbreak in the US, please see the information below in order to take steps to stay informed and follow protocols recommended by reputable health organizations.
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What You Can Do
Weingarten Realty encourages tenants to:

  • Evaluate your workplace emergency response protocols and business continuity plans
  • Consider how best to decrease the spread of and lower the impact of coronavirus in your workplace by identifying and communicating your objectives to employees.
  • Follow CDC guidelines for businesses and employers with employees who appear to have acute respiratory illness symptoms.

Shopping Center Policies
If any of the occupants in your premises are diagnosed with coronavirus, you should notify the public health authorities promptly. We request that you also notify your shopping center’s property manager of any relevant incidents.

Continued Monitoring
The situation with the coronavirus continues to evolve. New information is made available almost daily. Public health authorities are encouraging everyone to continue to actively monitor the situation and the guidance they are providing daily.
Visit the Centers for Disease Control and Prevention for the latest information.

CARES ACT

Congress passed the Coronavirus Aid, Relief, and Economic Security Act, known as the CARES Act. The bill provides direct financial aid to support small businesses suffering economic injury due to COVID-19.

  •  The bill provides small businesses who were operating on or before February 15, 2020 access to a nearly $350 billion loan program through the SBA’s network of more than 800 banks. We encourage our tenants to immediately contact their existing bank to see if they are an SBA lender or are going to be qualified to make loans under this program.
  • The Paycheck Protection Program is a cornerstone provision of the bill, providing eight weeks of cash-flow assistance to small businesses with 500 employees or fewer.
  •  The low-interest loans are to cover such business expenses as: payroll; employee sick leave and family leave costs; interest payments on covered mortgages; rent under leases in place before February 15, 2020; utility payments; and interest on pre-existing debt obligations.
  • All or a portion of the loans used for payroll costs, interest on mortgage obligations, rent, and utilities do not have to be repaid if the employer meets certain requirements regarding employee retention and maintenance of salary levels.
  • Loans are available to eligible borrowers under the program through June 30, 2020.
  • Under the bill, fees are waived, payments are deferred by at least six months (but not more than one year), and the SBA’s “credit elsewhere” test (the ability to obtain funding from other sources without undue hardship) is waived.

Lenders may begin processing loan applications as soon as April 3, 2020.
SBA Paycheck Protection Program Website
SBA Paycheck Protection Program Website

Contact your bank to see if it is an approved SBA lender.

We will do our best to keep you informed as more information is provided.

Small Business Loans Available to Assist Those Impacted by the Coronavirus (COVID-19)

There are resources available to assist individuals and small businesses to reduce the economic impact of the COVID-19 (Coronavirus) outbreak. Please see the links below to resources to assist you during this time.

The Small Business Administration (SBA) provides support to entrepreneurs and small businesses.  The SBA’s Economic Injury Disaster Loan program provides working capital loans to those experiencing temporary loss of revenue due to COVID-19.
For more information, visit https://www.sba.gov/funding-programs/disaster-assistance.

Click HERE to search current declared diaster areas.

Additional resources provided by the SBA include:

Below are state-level assistance programs for small businesses. Click on the button below each state to see more information. 

Arizona

 PMHDC | PPEP Microbusiness & Housing Development Corporation

PMHDC provides loans to small business owners in southern Arizona. Its mission is to help small businesses thrive through, technical assistance, lending money, promoting our clients’ businesses, linking them to small business resources, information and mentors, and providing networking opportunities.

Click HERE for more information.

 

California

California Infrastructure and Economic Development Bank (IBANK) – Small Business Finance Center (SBFC)

One of the IBank Small Business Finance Center’s loan guarantee programs is designed for Disaster Relief specifically and is currently available to small businesses needing assistance to overcome economic injury caused by COVID-19.

Visit the link below for IBANK Partnered FDC’s and other resources.
https://www.ibank.ca.gov/small-business-finance-center/

Los Angeles

Los Angeles Mayor announces $11 million economic relief package for small businesses impacted by the novel coronavirus (COVID-19).
Click here for more information.

Alameda County Small Business Development Center

www.acsbdc.org/covid-19

Silicon County Business Development Center

www.svsbdc.org/index_silicon_valley

Napa/Sonoma County Business Development Center

www.napasonomasbdc.org/

Colorado

Colorado (Denver) Small Business Owners
The City and County of Denver has prepared assistance packages including:

  • Denver Economic Development and Opportunity (DEDO) is setting up an emergency relief program to provide cash grants of up to $7,500 to qualifying businesses, with the highest priority on those industries most impacted by COVID-19, such as the food industry. The City will be working in partnership with Mile High United Way and Downtown Denver Partnership (DDP) to distribute the funds.
    Small Business Emergency Relief Program Form
  • DEDO, in partnership with CEDS Finance, will refocus its existing microloan program to support small business stabilization efforts. Current recipients of loans from DEDO will also have the ability to temporarily defer loan payments, should they need to.

Florida

Florida Small Business Owners
Florida activates Emergency Bridge Loan Program for small businesses suffering from COVID-19.
For more information, visit https://floridadisasterloan.org/.

Washington

City of Seattle Small Business Stabilization Fund
The City of Seattle will commit approximately $1.5 million in one-time Community Development Block Grant (CDBG) funds to the Small Business Stabilization Fund, an emergency fund that provides working capital grants in amounts up to $10,000 to qualifying small businesses. Deadline is March 25, 2020.
For more information, visit www.seattle.gov/office-of-economic-development/small-business.

Economic Impact Survey
The City of Seattle, Greater Seattle Partners, and the Seattle Metropolitan Chamber of Commerce are distributing an Economic Impact Survey to further capture the effects of COVID-19. Help inform strategies for regional economic recovery and development, as well as maximizing and allocating badly-needed federal and state recovery aid.
Click HERE for more information.

Amazon’s Neighborhood Small Business Relief fund
Businesses in Bellevue, Wash, and the South Lake Union and Regrade neighborhoods of Seattle can apply for Amazon’s grant to help small businesses affected by COVID-19. To be eligible for a grant, recipients must have fewer than 50 employees or less than $7 million in annual revenue.
Click HERE for more information.

Additional Business Resources

Facebook Pledges $100 Million in Cash Grants to Aid Small Businesses Affected by Coronavirus

For more information visit, https://www.facebook.com/business/boost/resource

Communicate the Need for Relief for the Shopping Center Industry to Congress

“The long-term strength of the shopping center industry is critical to the economic, civic and social viability of communities across the country and nearly 1 out of 4 American jobs is retail related.” – ICSC

Click the link below to send an email to Members of Congress with one click.

We will continue to update this page as more information becomes available.