Sinéad King, principal for Handle It Accounting, will host a free webinar at 1 p.m. Tuesday, Nov. 17, called “Properly Accounting for Your COVID Funding.”
King will help attendees navigate how to prepare for reporting requirements for the funds before year-end.
“We want to assist recipients of the Paycheck Protection Program (PPP), the Economic Injury Disaster Loan (EIDL) as well as the state Of Wyoming Funds in understanding their duties for proper accounting of funds,” the announcement says.
To register for the Zoom event go to TinyURL.com/y4hzxlxs.
Endurance Fund deluged
So many nonprofits and businesses affected by the pandemic have applied for money from the new Endurance Fund that the state’s economic development agency decided to give priority to those that have not received any grants so far from its COVID-19 Business Relief Program.
Within that prioritization, applications for Endurance Fund money will be reviewed in the order they were received. The Wyoming Business Council will take applications until 8 p.m. Nov. 18.
There’s a Business Relief Program hotline open 9 a.m. to 4 p.m. weekdays: 877-257-7844. Details about the program and application links are available at WyoBizRelief.org.
“We want to encourage businesses in need to apply so that we can understand the true need and be prepared if other monies become available,” Business Council CEO Josh Dorrell said in a press release.
The Endurance Fund opened Nov. 2 with at least $24 million for businesses and certain nonprofits to cover COVD-19-related losses and expenses.
By Friday more than 1,600 entities had applied for a total of $161 million, the council said.
Awards of up to $250,000 are available for Wyoming businesses with at least one full-time employee.
In the nonprofit community, 501(c)(3), 501(c)(6), 501(c)(12) and 501(c)19) organizations are eligible if they spend no more than 50% of their time on lobbying. There is no employee requirement, which means volunteer-run organizations can apply.
The Endurance Fund and the new $90 million Agriculture Fund for Wyoming ranchers and farmers (who must also apply by Nov. 18) are made up of dollars left over in the Business Relief Program.
The Wyoming Legislature created that program to distribute $325 million from the Coronavirus Aid, Relief and Economic Security Act passed last spring by the U.S. Congress.
The Wyoming Business Council administers the Business Relief Program. It has already been distributing money through the Interruption, Relief and Mitigation funds, which are all closed.
— Staff report