Important Resources for Businesses
The CARES Act (H.R. 748)
The CARES Act was signed by the president on Friday, March 27, 2020. The Virginia Small Business Development Center (VA SBDC) has a Comprehensive Guide (PDF) to the CARES Act for Small Business Owners. If you are a small business owner and you have questions regarding the CARES Act, we recommend contacting our local Hampton Roads SBDC office to request counseling. We have also published a CARES Act FAQ on our website, with information targeted to business owners.
The U.S. Department of Labor created this information sheet (PDF) regarding changes to Employee Rights as mandated by the CARES Act.
U.S. Small Business Administration (SBA)
- The Paycheck Protection Program (P3) is a loan designed to provide a direct incentive for small businesses to keep their workers on the payroll. Please note: funding has run out for this program and the SBA is no longer accepting applications. If this changes, we will update this page.
- The Economic Injury Disaster Loan (EIDL) provides vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing as a result of the COVID-19 pandemic. Please note: funding has run out for this program and the SBA is no longer accepting applications. If this changes, we will update this page.
- The Express Bridge Loan allows small businesses who currently have a business relationship with an SBA Express Lender to access up to $25,000 quickly.
- The Debt Relief Program is providing a financial reprieve to small businesses during the COVID-19 pandemic.
The City of Williamsburg
The City of Williamsburg is diligently working to inform the public as information is received. Please continue checking the website for updates.
William & Mary (W&M)
William & Mary Students are available to assist your business:
- Master of Business Administration (MBA) students at the Raymond A. Mason School of Business at William and Mary are offering small business crisis services. A team of students backed by faculty and volunteers is offering support to locally owned small businesses (more than one and less than 100 employees) for free. If you are interested in receiving this free service, email William & Mary.
- William & Mary undergraduate students are also available to assist your business. There are many ways they can provide free assistance, including the creation of a website and social media content, calling your clients to update them on your current operating procedures, data management, and much more. If you are interested in this free service, email Elizabeth Miller, Associate Director of the Office of Community Engagement at W&M.
Hampton Roads Small Business Development Center
The Hampton Roads SBDC is monitoring COVID-19 disaster relief and sharing helpful information for businesses. If you would like to request free business counseling services from the Hampton Roads SBDC, email the Hampton Roads SBDC or call them at 757-664-2532.
The Virginia Tourism Corporation
The Virginia Tourism Corporation website has Virginia updates and a sign up to join weekly industry conference calls.
The Williamsburg Tourism Council
The Williamsburg Tourism Council (a local organization) is working closely with the Virginia Tourism Corporation, U.S. Travel Association, and local tourism suppliers and partners in order to best support and serve Greater Williamsburg. Visit their website for resources targeted specifically to tourism-related businesses.
The U.S. Chamber of Commerce
The U.S. Chamber is working closely with the White House, U.S. government agencies, and foreign government officials to inform and equip businesses with the most important and up-to-date information to prevent the spread of the virus and prepare businesses for the near and long-term impact. They have shared a Small Business Guide.
Virginia Career Works
If you are a business owner or Human Resources representative for an employer considering work stoppages, layoffs, or furloughs, we encourage you to email Steve Cook of our Business Services team or call him at 757-876-9054. They will get back to you within one business day, or sooner, to discuss information and services that may assist impacted employees, including:
- Financial planning
- Layoff aversion strategies
- Remote access career services
- Tax assistance
- Unemployment insurance
Virginia Employment Commission
In the meantime, please share the Virginia Employment Commission website with your employees.
If you are a worker who has been totally or partially separated from your job due to Coronavirus, please note that no claim for unemployment insurance may be filed or processed until an actual lay off from employment has occurred, or until there has been an actual reduction in hours. When filing your claim for unemployment benefits, please be sure to check the reason for separation as Lack of Work/Lay off.
You may file a claim through our Customer Contact Center by calling 866-832-2363 Monday through Friday, 8:30 am to 4:30 pm.