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COVID-19 - Small Business Resources 

The King George County Economic Development Department is here to provide support in any way we can and distribute information to businesses small and large located in King George County during these difficult times. If you are a business owner and in need of assistance please contact the Economic Development and Tourism Department to let us know how we can help. 

Additionally, Governor Northam announced that all of Virginia has been designated a part of the disaster relief area by the U.S. Small Business Administration. This designation allows small businesses and non-profits throughout the commonwealth to apply for low-interest federal disaster loans up to $2million from the SBA to pay fixed debts, payroll, accounts payable, and other expenses. You can apply at the link below.

Furthermore, Businesses impacted by COVID-19 can also request to defer the payment of state sales tax due tomorrow, March 20, 2020, for 30 days. When granted, businesses will be able to file no later than April 20, 2020 with a waiver of any penalties.
 
The Governor has requested that the Department of Taxation extend the due date of payment of Virginia individuals and corporate income taxes. While filing deadlines remain the same, the due date for individual and corporate income tax will now be June 1, 2020. Please note that interest will still accrue, so taxpayers who are able to pay by the original deadlines should do so.


Available Resources: 

U.S. Small Business Administration   
Virginia Small Business Development Center
  • Additional Resource for Small Business
  •  Impact of Covid-19 on Virginia Small Businesses - Survey
    • https://www.surveymonkey.com/r/7RMY8SH
    • Local SBDC Office: 
      • University of Mary Washington SBDC
        1125 Jefferson Davis Highway, Suite 400
        Fredericksburg, VA 22401
        540.654.1383
      • University of Mary Washington– Warsaw
        487 Main Street
        Warsaw, VA  22572-0490
        804.333.0286
U.S. Chamber of Commerce
  • Corporate Aid Tracker 
    • Highlights
      • AT&T suspended broadband data caps and overage fees for home internet customers.
      • Capital One will provide assistance such as minimum payment assistance, deferred loan assistance, and fee suppressants to customers that face “financial difficulties” due to COVID-19.
      • Outschool is offering free live online classes for students ages 3-18 affected by public school shutdowns, conducted over video chat. The 10,000-plus classes cover topics in English, math, social studies, science, coding, health and wellness, music, art and world languages.
      • Scholastic has launched a ‘Learn at Home’ website that has free daily courses for students from Pre-kindergarten to grades 6 and higher.
      • Sprint is offering unlimited data to customers for 60 days. Customers will also get an extra 20GB of mobile hotspot data during this time. The goal is to allow Sprint users access to the internet and WiFi while they are quarantined.
      • T-Mobile announced the following ways the company is doing its part to assist in the COVID-19 outbreak: 1. Removing smartphone data caps for all customers 2. Giving 20GB of add’l mobile hotspot data 3. Increasing data for schools in our EmpowerED program 4. Making it free to call severely impacted countries

Virginia Chamber of Commerce 
If there is anything the King George County Economic Development and Tourism Department can do to help, please do not hesitate to reach out. We will continue to share local, state, and federal resources and information as it continues to come out. 

Thank you,
Department of Economic Development and Tourism 
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