[Posted 9/19/22]

This website was developed and implemented during the height of the COVID-19 pandemic, to assist local community business and individuals with resources. Information on this website will be updated as needed as it pertains to COVID-19.


Are you worried about your small business?

With event cancellations, reduced foot traffic, self-quarantining and work from home policies, we know that COVID-19 is affecting business revenue. We will continue to list available programs for small business assistance below:

SBA and Treasury Announce PPP Re-Opening; Issue New Guidance (POSTED 1.08.2021)

The U.S. Small Business Administration, in consultation with the Treasury Department, announced today that the Paycheck Protection Program (PPP) will re-open the week of January 11 for new borrowers and certain existing PPP borrowers. To promote access to capital, initially only community financial institutions will be able to make First Draw PPP Loans on Monday, January 11, and Second Draw PPP Loans on Wednesday, January 13. The PPP will open to all participating lenders shortly thereafter. Updated PPP guidance outlining Program changes to enhance its effectiveness and accessibility was released on January 6 in accordance with the Economic Aid to Hard-Hit Small Businesses, Non-Profits, and Venues Act. This round of the PPP continues to prioritize millions of Americans employed by small businesses by authorizing up to $284 billion toward job retention and certain other expenses through March 31, 2021, and by allowing certain existing PPP borrowers to apply for a Second Draw PPP Loan. “The historically successful Paycheck Protection Program served as an economic lifeline to millions of small businesses and their employees when they needed it most,” said SBA Administrator Jovita Carranza. “Today’s guidance builds on the success of the program and adapts to the changing needs of small business owners by providing targeted relief and a simpler forgiveness process to ensure their path to recovery.”

“The Paycheck Protection Program has successfully provided 5.2 million loans worth $525 billion to America’s small businesses, supporting more than 51 million jobs,” said Treasury Secretary Steven T. Mnuchin. “This updated guidance enhances the PPP’s targeted relief to small businesses most impacted by COVID-19. We are committed to implementing this round of PPP quickly to continue supporting American small businesses and their workers.”

Key PPP updates include:
• PPP borrowers can set their PPP loan’s covered period to be any length between 8 and 24 weeks to best meet their business needs;
• PPP loans will cover additional expenses, including operations expenditures, property damage costs, supplier costs, and worker protection expenditures;
• The Program’s eligibility is expanded to include 501(c)(6)s, housing cooperatives, destination marketing organizations, among other types of organizations;
• The PPP provides greater flexibility for seasonal employees;
• Certain existing PPP borrowers can request to modify their First Draw PPP Loan amount; and
• Certain existing PPP borrowers are now eligible to apply for a Second Draw PPP Loan.

A borrower is generally eligible for a Second Draw PPP Loan if the borrower:
• Previously received a First Draw PPP Loan and will or has used the full amount only for authorized uses; • Has no more than 300 employees; and
• Can demonstrate at least a 25% reduction in gross receipts between comparable quarters in 2019 and 2020.

The new guidance released includes:
• PPP Guidance from SBA Administrator Carranza on Accessing Capital for Minority, Underserved, Veteran, and Women-owned Business Concerns;
• Interim Final Rule on Paycheck Protection Program as Amended by Economic Aid Act; and • Interim Final Rule on Second Draw PPP Loans.


PPP (Paycheck Protection Program) Round 2 Highlight VIDEO (POSTED 12.30.2020)

Join Judd Wilson (VP Chamber of Commerce) and Matt McCarty (CFO) as they discuss the highlights of round two of the Paycheck Protection Program. FACEBOOK WEBINAR VIDEO

PPP (Paycheck Protection Program) has been extended until March 31, 2021 (POSTED 12.29.2020)

The Paycheck Protection Program has been extended a few more months. How can it benefit you? what has changed? Download the informative PDF at


The Secretary of State’s Office urges the business community, especially LLCs, to be cautious of a misleading mailer sent by a private entity called C.F.S. In the mailer, the company offers to prepare 2021 annual reports for a $75.00 fee. The mailer may appear to be official government correspondence, but the fine print makes it clear it is not. All business owners should be aware this correspondence is not authorized by the Mississippi Secretary of State’s Office.



The Mississippi Development Authority is accepting applications for grants to property owners to help them recover rental income lost between March 1, 2020, and December 30, 2020, due to COVID-19. Deadline to apply is November 15, 2020.

What is the Rental Assistance Grant Program?

On October 9, 2020, House Bill 1810 established the Rental Assistance Grant Program. The Program will be used to award grants to Mississippi Rental Businesses (i.e., owners/landlords) to assist them with Lost Rental Income resulting from the COVID-19 public health emergency and the attendant eviction moratoria imposed by the federal and state governments. The maximum amount of total grant monies available to an Eligible Rental Business is $30,000.




[From the Mississippi Development Authority]

"This week, the Mississippi Development Authority will modify the program based on changes in the state law. Applicants DO NOT have to re-apply or make changes to their existing application. The three primary changes are:
1. The base payment will increase from $1,500 to $3,500.
2. If you received $2,000 from the Department of Revenue, it will NOT be deducted from your Back to Business grant.
3. The deadline to file an application is September 15, 2020.
If you have already received a payment from the program, you will get a supplemental check in the coming weeks. All future grant payments will reflect the new calculations.
We know many of you are still waiting to hear from us regarding the status of your application. We continue to receive applications, and we are working diligently to process and review them. Once it is reviewed, you will receive an email notifying you of the status.
Since the program began in June, more than 30,000 small business owners have registered, and over 3,000 checks have been mailed.
We know the COVID-19 pandemic has been difficult, and we appreciate your hard work, dedication and patience.
Please continue to check your email regularly, including spam and junk folders, for updates.
Thank you for choosing to invest in Mississippi."


The Community Development Foundation has developed a free step by step guide in filling out the Back to Business Mississippi Grant application. Download your free PDF here:


CLICK HERE to download a PDF flyer promoting the Help Center to be held at the BancorpSouth Arena June 23-25. The Help Center will be open to the public. Times and dates are:
Tuesday, June 23 from 9:00 a.m. to 7:00 p.m.
Wednesday, June 24 from 9:00 a.m. to 4:00 p.m.
Thursday, June 25 from 9:00 a.m. to 4:00 p.m.


Documentation that you might need to complete your application online depends on the type of business and type of reimbursement expenses you are requesting. CLICK HERE to download a PDF explaining some possible documentation you may need and why.


"To help businesses navigate through the application process, the City of Tupelo and the Economic Recovery Task Force will offer free help though the Back to Business Help and Resource Center June 23-25 starting at 9 a.m. each day at the BancorpSouth Arena. The assistance, sponsored by the Lee County Supervisors, United Way, Three Rivers Planning and Development, CDF, CREATE Foundation and Itawamba Community College, will last until 7 p.m. on June 23 and until 4 p.m. June 24-25." FROM DJOURNAL.COM | READ MORE

Watch the Webinar: "COVID-19 PPP Loan Forgiveness: What We Know" with BKD CPA's & Advisors (POSTED 6.2.2020)

The Paycheck Protection Program (PPP) from the U.S. Small Business Administration (SBA) was rolled out to provide critical support to countless businesses heavily affected by the COVID-19 pandemic. One aspect of the loan is especially enticing to borrowers: loan forgiveness. With many businesses now halfway through the eight-week period to spend their loan proceeds, the issue of properly calculating loan forgiveness amounts is of critical importance. Join BKD Trusted Advisors™ as we review these provisions to help you navigate the rules around this significant issue. Given the widespread impact of this program, we have also allotted extra time for a Q&A to help provide clarity around this complex topic. WATCH WEBINAR | PDF OF THE PRESENTATION | PPP LOAN FORGIVENESS ONE PAGER

Back to Business Mississippi Grant Program (POSTED 6.1.2020)

On May 20, 2020, Governor Tate Reeves signed SB2772 into law, establishing the Back to Business Mississippi Grant Program. The grants will be used to help businesses in Mississippi with 50 or fewer employees recover from the economic impact of COVID-19, including operating expenses and salaries. The Mississippi Development Authority soon will begin accepting applications on this site from small businesses. Please check back frequently for updates or sign up below for email notifications. BACKTOBUSINESSMS.ORG

2020 COVID MS Business Assistance Act (POSTED 5.21.2020)

The Mississippi State Legislature passed the “2020 COVID MS Business Assistance Act” to provide economic support to eligible Mississippi businesses affected by COVID 19. The $300 million total package is divided into two parts, a $60 million program to provide $2,000 in direct payments to businesses forced to close by government orders; and a $240 million program ($40 million set aside for minority owned businesses) to provide up $25,000 in application grants.VIEW PDF


FROM MDES.MS.GOV - Mississippi Department of Employment Security announces that Mississippi workers who are not able to work due to COVID-19 will be eligible to file for unemployment benefits. These temporary measures will help relieve the financial hardship of temporary layoffs by making unemployment benefits available to individuals whose employment has been impacted by COVID-19. This helps not only individuals but also employers by helping them retain their workforce and stabilizing local economies. READ MORE


FROM DJOURNAL.COM - Dennis Seid / "The latest bill provides $250 billion to replenish the Paycheck Protection Program, a fund to help small and medium-size businesses with payroll, rent and other expenses. Initially funded with $349 billion, money ran out within a week of its launch earlier this month. Experts expect this latest cash infusion to disappear quickly as well."READ MORE

SAVE SMALL BUSINESSES / US Chamber of Commerce (POSTED 4.18.2020)

Small businesses are the foundation of our communities and our economy. Employing nearly half the American workforce, companies like yours keep our neighborhoods running and make them feel like home. We know you’re facing multiple challenges right now, and every dollar counts. Funded by corporate and philanthropic partners, the Save Small Business Fund is a collective effort to provide $5,000 grants to as many small employers as we can. We hope these supplemental funds will help you get through the next days and weeks. SEE IF YOU QUALIFY

Loans Available in the CARES Act (POSTED 4.1.2020)

Many of our businesses are trying to understand the differences between the available loan programs from the CARES Act. For this reason, CDF has worked with our lending institutions and accounting firms to provide this general breakdown between the loan programs. Your business accountant and bankers should be used to determine which loan is best for your business. WATCH A FACEBOOK LIVE VIDEO DISCUSSION ABOUT THESE LOANS


BKD CPA's and Advisors

CDF Member, BKD CPA's and Advisors is holding multiple webinars to help businesses cope with COVID-19

Coronavirus (COVID-19) Tax & Accounting Resource Center

BKD has created a COVID-19 Resource Center to help disseminate important tax and accounting information for our clients and friends as we evaluate ways to mitigate the inevitable financial effects. We’ll keep you up to date with relevant news, tax and compliance changes, new regulations and anything else we believe you need to know.


Clinton, Miss. – Mississippi Department of Revenue Response to Requests for Relief. The Mississippi Department of Revenue is aware of the new pressures on the business community and state governments in responding to the COVID 19 pandemic. We are committed to doing what we can to help provide relief and certainty to our taxpayers. Extensions of Filing Deadlines -- While the federal government and many other states have postponed their income tax filing and payment deadlines to July 15, Mississippi has currently elected to move its filing deadline to May 15 in order to meet our statutory requirements of a balanced budget as of the fiscal year end, which is June 30... READ FULL PRESS RELEASE:

“How to” discussion on SBA Disaster Loan Application

Watch the Facebook LIVE discussion that was had on 3/24/2020 with Shane Homan, Senior Vice President Economic Development, and Matt McCarty, CFO, of the Community Development Foundation as they walk you through filling out the SBA application. If you still have questions, please contact your CPA (Certified Public Accountant) or you may email Shane and Matt at and

To better serve our community during this time, the Daily Journal will be updating a list of Northeast Mississippi businesses that are open with a new free to all website. This website will be a centralized place where viewers can find local businesses' new operational hours and if they provide pick up or delivery services.

Senate Reaches Compromise on Rescue Package [3.25.2010]

After much negotiation, the United States Senate has reached agreement on a bipartisan coronavirus stimulus bill that is designed to provide substantial, immediate relief to American families and businesses that have been victimized by the coronavirus pandemic. Links to what we understand to be the final text of the legislation proposed by the Senate are below. We will forward a Senate summary of the legislation when it is made available. The Senate is expected to begin consideration of this bill today and a final vote on the bill is expected soon. If approved by the Senate, the bill will be sent over to the House where we anticipate it will be addressed on an expedited basis.(SOURCE)

Division A – BAI20215

Division B – Emergency Appropriations


The following is a compiled list of resources and agencies to support businesses.

  • GUIDANCE ON THE ESSENTIAL CRITICAL INFRASTRUCTURE WORKFORCE As the Nation comes together to slow the spread of COVID-19, on March 16th, the President issued updated Coronavirus Guidance for America. This guidance states that: “If you work in a critical infrastructure industry, as defined by the Department of Homeland Security, such as healthcare services and pharmaceutical and food supply, you have a special responsibility to maintain your normal work schedule.”
  • The #TupeloSpirit website is a new tool from the Tupelo Downtown Main Street Association to help guide you through the uncertainty of the COVID-19 Pandemic. Here, community members will find resources and information from our public, private and civic leadership.
  • The United Way of Northeast Mississippi and CREATE Foundation have set up a COVID-19 Community Response.
  • The Office of the Governor of Mississippi has a great resource website for all information regarding COVID-19 and Mississippi.
  • The Mississippi Economic Council is providing up to date information to keep all Mississippians and businesses prepared and ready to handle the health and safety of the business community.
  • The Mississippi Emergency Management Agency is providing up to date information to keep all Mississippians concerning the health and safety of the state.
  • The Mississippi Main Street Association has launched a marketing effort to encourage people to be safe and smart while supporting their favorite local businesses during the COVID-19 situation.
  • The Mississippi Department of Health also has created a website with a wealth of resources to cover many of the questions concerning COVID-19 and Mississippi.
  • Visit here for the U.S. Small Business Administration’s disaster assistance page in response to COVID-19, which includes information on low-interest federal disaster loans for working capital to small businesses suffering substantial economic injury as a result.
  • Frequently monitor the CDC’s page on guidance for businesses and employers about COVID-19. It changes daily, and usually more often than that.
  • The U.S. Chamber of Commerce Foundation has a page of resources about COVID-19 that provides a corporate aid tracker, help desk for business, employee assistance funds, preparedness and recovery guides, and more.
  • The U.S. Chamber of Commerce also offers provides workplace tips, guidance for employers and a customizable workplace flyer.
  • Individuals seeking services at WIN Job Centers may still receive assistance by appointment only. Appointments can be made by contacting local WIN Job Centers by phone. Contact information can be found online at Individuals searching for a job can do so by visiting
  • Unemployment Insurance benefits claims can be filed online by visiting, or by calling 1-888-844-3577.
  • The Better Business Bureau has a wealth of resources on its website, including a checklist to prepare your business to weather the coronavirus storm and tips on how to navigate COVID-19 for your business.