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CORONAVIRUS (COVID-19) UPDATES: Shakopee City Hall will reopen to the public beginning Monday, June 1. The Shakopee Police Department, Shakopee Public Works and Shakopee Ice Arena will also reopen for public business. The Shakopee Community Center remains closed in accordance with state orders.

City staff are continuing to provide essential services. Contact us by phone, website or email. Find the latest updates at www.ShakopeeMN.gov/covid19.

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Provided below is news and information from the City of Shakopee. Public notices and proposed ordinances are available elsewhere on the city website.

Paycheck protection program available to employers

Post Date:04/05/2020 11:00 am

The Small Business Administration is offering a Paycheck Protection Program for employers with less than 500 workers.

The program provides small businesses distressed by the Coronavirus (COVID-19) pandemic with funds to pay up to eight weeks of payroll costs including benefits. Funds can also be used to pay interest on mortgages, rent and utilities. 

Funds are provided in the form of loans that will be forgiven if an employer maintains employee and compensation levels. The program's maximum loan amount is $10 million with a fixed 1-percent interest rate and maturity of two years. Loan payments are deferred for six months.

All businesses – including nonprofits, veterans organizations, tribal business concerns, sole proprietorships, self-employed individuals  and independent contractors – with 500 or fewer employees can apply.

Small businesses can apply through their bank, as long as it is an approved SBA lender.

The $349 billion emergency loan program is part of the Coronavirus Aid, Relief, and Economic Security Act (CARES).

An application and fact sheet is available on the city website at www.ShakopeeMN.gov/covid19 under “Business and Employee Resources.”

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