If you are a Mariposa County Business and would like help to setting up online ordering for curbside pickup or a calendar to schedule appointments, the EDC is ready to help. We have identified technology partners that will enable you to go online for free through your current website or Facebook page.
Online scheduling for classes and appointments
Retail sales or gift card purchase
Restaurant menu for online orders
Coronavirus Information
IRS Ruling on PPP
From Kiplinger article
The IRS released guidance 4/30/2020 that essentially nullified much of the benefit of the Paycheck Protection Program (PPP) created under the CARES Act. It stated that those who receive PPP may not receive tax deductions for using those funds to pay expenses. That includes expenses like payroll and rent, the very point of the PPP.
Note: On May 6, Chairman Grassley, along with Sens. John Cornyn (R-TX), Ron Wyden, Marco Rubio (R-FL) and Tom Carper (D-DE) introduced the Small Business Expense Protection Act to clarify that expenses paid with forgiven PPP loans remain tax-deductible. Rep. Lizzie Fletcher (D-TX) announced that she plans to soon introduce similar legislation in the House of Representatives addressing this issue.
Help for Businesses
What should businesses do:
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Apply for the Small Business Administration loans. In addition to the disaster loans, which only apply to businesses in states that have declared emergency status, some state governments are offering aid packages.
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Explore private sector programs and fintech products. Facebook said it would offer $100 million in grants to small businesses. And fintech companies such as Kabbage and Fundbox, which specialize in loans to small businesses, are also considering ways to support the sector.
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Renegotiate terms of contracts and debt. Owners should ask landlords for more time to pay their rent, for example. They should also ask banks to temporarily defer interest payments on outstanding debt.
Help for Individual
What can individuals do:
Apply for unemployment if layed off or self employed and shut down
File taxes for 2018/2019 and include bank information for direct deposit for economic stimulus payment. Individuals on social security will automatically get the stimulus checks. Those not required to file should input their banking information with the IRS with the link above. If you have a lien on your bank account, request a check instead of direct deposit.
Note:
IRS will be allowing individuals to withdraw from retirement accounts penalty-free up to $100,000 and allow older individuals to not have to take RMD's.
ABOUT
The EDC is a non-profit 501(c)(3) organization with a mission to promote sustainable economic growth throughout Mariposa County. In existence since 1990, the EDC’s objective is to enhance and diversify the local economy in a way that improves the economic prosperity of all Mariposans, both individually and collectively, while preserving our cherished quality of life. The EDC is governed by an all-volunteer Board of Directors and Advisory Council, and has established a public/private partnership with Mariposa County’s Economic Development Office to operate a Business Assistance Center that assists businesses with their plans for relocation, start-up or expansion. Please contact our Executive Director if you are in need of such assistance.
"Act as if what you do makes a difference. It does"
William James
CONTACT ECONOMIC DEVELOPMENT CORPORATION OF MARIPOSA COUNTY
State Highway 140 and Jones Street, Mariposa, CA 95338
