City of
HALTOM CITY

5024 Broadway Ave.
Haltom City, TX  76117
817-222-7700

Haltom City COVID-19 Response
covid 19 resources support

OFFICE OF THE CITY MANAGER

Updated May 14, 2020

The City of Haltom City has developed a phased approached to return to normal business operation, keeping the safety of our employees and citizens as a high priority.

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COVID-19 SMS & EMAIL NOTIFICATIONS

To receive SMS text notifications & emails related specifically to Haltom City COVID-19 Declarations, Orders & related information, please fill out the form linked below. You can also text the keyword HCTXCOVID19 to 888777 to receive only SMS text notifications.

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Economic Development

City Hall
5024 Broadway Ave.

Haltom City, TX  76117

Hours

Monday - Friday
8:00 a.m. - 5:00 p.m.
Saturday & Sunday
Closed

Contact

Economic Development
817-222-7733
email staff

SBA Assistance Programs (COVID-19)

federal programs aimed at easing burdens on small businesses affected by COVID-19 pandemic
United States Small Business Administration - Office of Advocacy
https://advocacy.sba.gov/
COVID-19 (Coronavirus) Information & Resources | Tarrant County Modifies Executive Order - April 3, 2020

The COVID-19 pandemic has affected most every type of small business across the country. As a result, the Federal Government has provided relief to small businesses during this unprecedented crisis.


Paycheck Protection Program (PPP)

An SBA loan that helps businesses keep their workforce employed during the Coronavirus (COVID-19) crisis.

Program Overviewsba logo

The Paycheck Protection Program is a loan designed to provide a direct incentive for small businesses to keep their workers on the payroll.

SBA will forgive loans if all employees are kept on the payroll for eight weeks and the money is used for payroll, rent, mortgage interest, or utilities.

The Paycheck Protection Program will be available through June 30, 2020.

Starting April 3, 2020, small businesses and sole proprietorships can apply. Starting April 10, 2020, independent contractors and self-employed individuals can apply. We encourage you to apply as quickly as you can because there is a funding cap.


Disaster Loan Applications

To apply for a COVID-19 Economic Injury Disaster Loan, click here.

In response to the Coronavirus (COVID-19) pandemic, small business owners in all U.S. states, Washington D.C., and territories are eligible to apply for an Economic Injury Disaster Loan advance of up to $10,000. The SBA’s Economic Injury Disaster Loan program provides small businesses with working capital loans of up to $2 million that can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing.

The loan advance will provide economic relief to businesses that are currently experiencing a temporary loss of revenue. Funds will be made available within three days of a successful application, and this loan advance will not have to be repaid.

Economic Injury Disaster Loans are also available to residents in declared disaster areas. To view the full list of disaster declarations, click here.

To apply for a disaster loan unrelated to COVID-19, click here.


Employee Retention Tax Credit

What this Program Does

The Employee Retention Credit is designed to encourage businesses to keep employees on their payroll. The refundable tax credit is 50% of up to $10,000 in wages paid by an eligible employer whose business has been financially impacted by COVID-19.

Whos is Eligible

The credit is available to all employers regardless of size, including tax-exempt organizations. There are only two exceptions: State and local governments and their instrumentalities and small businesses who take small business loans.

Qualifying employers must fall into one of two categories:

  1. The employer’s business is fully or partially suspended by government order due to COVID-19 during the calendar quarter.
  2. The employer’s gross receipts are below 50% of the comparable quarter in 2019. Once the employer’s gross receipts go above 80% of a comparable quarter in 2019, they no longer qualify after the end of that quarter. These measures are calculated each calendar quarter.

How to Apply

Employers can be immediately reimbursed for the credit by reducing their required deposits of payroll taxes that have been withheld from employees’ wages by the amount of the credit.

Eligible employers will report their total qualified wages and the related health insurance costs for each quarter on their quarterly employment tax returns or Form 941 beginning with the second quarter. If the employer’s employment tax deposits are not sufficient to cover the credit, the employer may receive an advance payment from the IRS by submitting Form 7200, Advance Payment of Employer Credits Due to COVID-19.

Eligible employers can also request an advance of the Employee Retention Credit by submitting Form 7200.

Updates on the implementation of this credit, Frequently Asked Questions on Tax Credits for Required Paid Leave, and other information can be found on the Coronavirus page of IRS.gov,https://www.irs.gov/coronavirus.

Tags: Economic Development, COVID-19, Declaration of Emergency, Tarrant County Declaration of Disaster, COVID-19 Support & Resources, United States Small Business Administration