Governor Ron DeSantis Activates the Florida Small Business Emergency Bridge Loan Program, Making $20 Million Available for Businesses Impacted by Hurricane Idalia
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~ Businesses in 25 Florida counties are eligible to apply ~
TALLAHASSEE, Fla. — Today, Governor Ron DeSantis activated the Florida Small Business Emergency Bridge Loan Program, making $20 million available for businesses impacted by Hurricane Idalia. Florida small business owners in need of assistance are encouraged to visit www.FloridaJobs.org/EBL to apply for the Florida Small Business Emergency Bridge Loan Program. Businesses in the following counties, including sole proprietors, are eligible to apply:
Alachua, Baker, Bradford, Citrus, Columbia, Dixie, Franklin, Gilchrist, Hamilton, Hernando, Hillsborough, Jefferson, Lafayette, Leon, Levy, Madison, Manatee, Marion, Pasco, Pinellas, Sumter, Suwannee, Taylor, Union and Wakulla counties.
The program, administered by FloridaCommerce, provides short-term, zero-interest loans to small businesses that experienced economic injury or physical damage due to Hurricane Idalia. Interested applicants can apply now through October 25, 2023, or until all available funds are expended.
Eligible small businesses may apply for loans of up to $50,000 through the program. Loans approved through the Emergency Bridge Loan Program are intended to “bridge the gap” between the time a disaster impacts a business and when a business has secured longer term recovery funding, such as federally or commercially available loans, insurance claims, or other resources.
Loans made under this program are short-term, zero-interest, personal loans using State of Florida funds. They are not grants and loans must be repaid by the approved applicant.
FloridaCommerce administers the Emergency Bridge Loan Program alongside its fiscal administrator, Florida First Capital Finance Corporation.
Visit www.FloridaJobs.org/EBL to learn more about the program, view the lending guidelines and required documentation, and complete an application by the October 25, 2023, deadline. Business owners who need further program information may call 833-832-4494 Monday through Friday from 8:00 a.m. to 5:00 p.m., Eastern Time.
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Take the Business Damage
Assessment Survey
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In response to Hurricane Idalia, the state has activated the Business Damage Assessment Survey to help state & federal officials determine the need for disaster assistance and expedite resources. We encourage businesses impacted to complete the survey!
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Amazon Robotics Fulfillment Center to Open Mid-September
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Exciting news is on the horizon as the Amazon Robotics Fulfillment Center will be open and fully operational in mid-September! This development is currently the largest recruitment project in Florida's Capital City, resulting in over 1,000 permanent jobs, $167.6 million in wages, and $451 million in total economic impact. The facility not only brings a significant boost to the local economy but also showcases Tallahassee as a hub for cutting-edge logistics and e-commerce operations.
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↓ See the completed facility ↓
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BBMA Hosts Meet & Greet at Proof
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The Big Bend Manufacturing Association (BBMA) hosted a successful meet-and-greet at Proof Brewing, attended by local manufacturers and community partners! The crowd discussed Talent Pipeline Management, North Florida Worlds of Work, TCC's Advanced Manufacturing Technical Center (AMTC), and OEV's Non-Competitive Project Fund.
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The Big Bend Manufacturers Association (BBMA) was established by OEV in 2021. The goal of the BBMA is to provide much-needed assistance to area organizations, helping them to grow and capitalize on new markets. Learn more >>
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Upcoming Opportunities
from Our Partners
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September First Friday Happy Hour @ Domi
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Join Domi Station for their monthly First Friday Happy Hour event! Enjoy cool conversations, light refreshments, drinks provided by Tri-Eagle Sales, and much more!
Details
Friday, September 1, from 5–7 PM
914 Railroad Ave
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Read Past Issues of the OEV Newsletter Online!
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Delve into past issues of the OEV Newsletter to catch up on updates, insights, economic development initiatives, programs, and opportunities in Tallahassee-Leon County!
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The Office of Economic Vitality (OEV) is the economic development organization for the City of Tallahassee and Leon County. Our economic development model values diversity, equity, and economic inclusion. We assist businesses with navigating & competing in today’s marketplace while leveraging existing resources to maximize the infusion of capital into our community. For more information, visit OEVforBusiness.org
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