Additional PPP Funds and Economic Aid Available Jan. 13

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Zion National Park in Winter. Photo: Hage Photo

Tourism Industry Update

Second Round of the Paycheck Protection Program

The Economic Aid to Hard-Hit Small Businesses, Nonprofits and Venues Act is a $325 billion aid package providing additional assistance to the hardest-hit small businesses, nonprofits and venues struggling to recover from the impact of the COVID-19 pandemic.

The act provides funding for a second round of forgivable loans through the Paycheck Protection Program for small businesses and nonprofits experiencing significant revenue losses. We're calling the second wave PPP 2.0.

PPP 2.0 includes other improvements, like grants to shuttered venues and emergency enhancements to other U.S. Small Business Administration lending programs.

Together with the Utah SBA District Office and World Trade Center Utah, the Governor’s Office of Economic Development new executive director Dan Hemmert hosted a webinar yesterday discussing PPP 2.0 and other business support programs.

You can view the 34-minute webinar on GOED's Facebook or YouTube channels. We invite you to share the webinar with others who would benefit from the information.

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Upcoming Grant Opportunities

Destination Development Grants

The Utah Office of Tourism is currently accepting applications for its destination development grants. Three grant options are available to communities to fund planning activities that support high-quality tourism. Communities of all sizes and experience can benefit from the professional assistance offered in the areas of community assessment, strategy and implementation plan and brand and marketing strategy. Applications will be accepted until February 5, 2021.

Office of Outdoor Recreation Grant Program

Beginning January 20, the Office of Outdoor Recreation (OOR) will accept applications for its Outdoor Recreation Grant programs. OOR provides several grant opportunities for new outdoor recreation infrastructure programs, large regional projects, small projects, trail restoration and outdoor classrooms. Applications will be accepted through March 19.

PeopleForBikes Community Grant

The PeopleForBikes Community Grant is available to non-profits, local, state, and federal governments for bicycle infrastructure and advocacy projects. The grant will fund up to 50% of the project cost up to $10,000. The grant is available twice a year and the spring cycle is open now. Letters of interest are due January 22, 2021. The Fall cycle will open June 14, 2021.

Goldman Sachs 10,000 Small Businesses Rural Cohort

Rural small businesses have the opportunity to participate in a strictly rural Goldman Sachs 10,000 Small Businesses cohort, which will begin in May 2021. The training, managed by Salt Lake Community College, will be live and online. The 10,000 Small Businesses initiative focuses on practical business skills that can immediately be applied by small business owners, including negotiation, marketing, and employee management. The opportunity is 100% scholarship based. Find more information here or apply at www.10ksbapply.com.