Kimco is committed to the health and safety of our tenants, our associates, and our shoppers and other community members in the areas our centers serve. The COVID-19 (Coronavirus) pandemic, while still unfolding, has significantly impacted each of these stakeholder groups, and we’re taking important steps to offer our support.
Below you will find an outline of what Kimco is doing to help us all through this difficult time, as well as some useful resources. We continue to closely monitor this fast-moving situation and will update this information accordingly in the coming weeks.
For the most up-to-date information on COVID-19 (Coronavirus), its spread in the U.S., and recommended practices to protect against the virus, we encourage you to visit the Centers for Disease Control (CDC) and World Health Organization (WHO) websites:
We are sympathetic to the challenges our tenants are currently facing, and we remain committed to your long-term success. As we begin to navigate through this situation together, we have provided a comprehensive list of tenant resources which will be updated as new information becomes available.
Kimco's National Call Center is available 24-7 for questions or urgent property management-related requests: 1-833-800-4343
To assist us in improving communications during this time, please provide updated contact information via the online form on our Tenants page: Submit Contact Information
Kimco is working in partnership with several law firms across the country to provide assistance to tenants seeking government-sponsored disaster relief loans. At Kimco’s expense, we will connect you with a legal team who can assist you in identifying suitable loan programs, identifying potential lending institutions, and preparing and submitting applications.
Federal and state governments and other organizations have acted quickly in creating programs to aid small and mid-sized businesses and minimize the economic impact of the Coronavirus (COVID-19) pandemic. You are encouraged to research these programs to determine which might be of assistance to your business. We have also included resources to help you monitor the situation in your area and formulate your business's response.
The Arizona Commerce Authority provides a helpful FAQ on financial support for impacted businesses.
The City of Sacramento established a $1 million economic relief fund for businesses that provides 0% interest loans up to $25,000 per business. While the application portal has closed, if new funds are made available, the portal will be reopened. You can sign up for updates, here.
The San Francisco Office for Economic and Workforce Development has posted information and resources for businesses affected by Covid-19. The application window has closed for a relief program that offered small businesses with fewer than five employees up to $10,000 for staff salaries and rent. If more funding is made available, this application may open again.
The City of Los Angeles’ Small Business Emergency Microloan Program offers loans from $5,000-$20,000 with 0-3% interest rates.
The Governor’s Office of Business and Economic Development has compiled helpful information for employers, employees and all Californians as it relates to the COVID-19 outbreak.
Colorado’s Office of Economic Development & International Trade offers a list of state and federal COVID-19 announcements and resources relevant to Colorado businesses.
The Denver Economic Development and Opportunity (DEDO) Small Business Emergency Relief Program will provide cash grants up to $7,500 to qualifying small businesses. Also, here are other Denver Economic Development Site Financing Options.
2-1-1 CT Organization and Hartford Courant have dedicated pages that list available resources, such as housing, tax, and legal aid offered to communities in Connecticut.
Connecticut’s State website offers updates on guidance and resources specific to small businesses navigating the crisis.
Delaware.gov’s Division of Small Business Blog contains COVID-19 resources and information for small business owners.
District of Columbia
DC.gov has a coronavirus recovery page for businesses, including information on the DC Small Business Recovery Microgrants Program, offering grants to small, local businesses to meet short-term financial needs.
The Florida Department of Economic Opportunity has establed Reemployment Assistance and Disaster Recovery. Reemployment Assistance Claims can be filed here.
The Florida Small Business Emergency Bridge Loan Program, currently available to small business owners statewide with two to 100 employees, offers short-term, interest-free working capital loans intended to “bridge the gap” between the time a major catastrophe hits and when a business has secured longer term recovery resources. Loans available up to $50,000 per eligible small businesses, interest free for one year.
Georgia.gov’s page contains information about support services for businesses during the COVID-19 outbreak such as expanded Supplemental Nutrition Assistance Program benefits and unemployment benefits.
Invest Atlanta has established a Business Continuity Loan Fund with $1.5 million from the City of Atlanta. The fund will offer eligible small businesses zero-interest loans to address a lack of working capital and cash flows as a result of reduced consumer demand, the ability to fulfill product or service orders and other economic conditions.
The Iowa Economic Development Authority has established various COVID-19 Business Recovery Assistance Programs, including the Iowa Small Business Relief Fund (closed to new applicants as of March 31, 2020), Iowa Business Tax Deferral, TSB Sole Operator Fund, and SBA Disaster Relief Loans, as well as other various programs and resources. Information, including applications, for these programs can be found here.
The State of Illinois provides a list of resources to support small businesses and working families during the COVID-19 outbreak.
In addition, the Illinois Department of Commerce and Economic Opportunity has launched emergency assistance programs for Illinois small businesses, including the Hospitality Emergency Grant Program, Illinois Small Business Emergency Loan Fund, and Downstate Small Business Stabilization Program. Information, including applications, for all these programs can be found here.
The Indiana SBDC COVID-19 resource page lists information on funding, counseling, training and additional resources for impacted small businesses.
Eastern Bank Impact Loan and Charitable Fund is a $10M program that will provide $3M in financial supports to area nonprofit partners Eastern Bank Charitable Foundation, and $7M in loans to customers and small businesses.
Mass.gov offers resources to help the business community navigate the COVID-19 outbreak. Due to the availability of EIDL funds, the State is no longer accepting applications to the Small Business Recovery Loan Fund at MGCC as of March 19th.
Philanthropy Massachusetts provides list of non-state relief and funding resources.
The $75-million Maryland Small Business COVID-19 Emergency Relief Loan Fund offers loans up to $50,000 with no interest or principal payments due for the first 12 months, then converting to a 36-month term loan of principal and interest payments, with an interest rate at 2% per annum.
The Maryland Small Business COVID-19 Emergency Relief Grant Fund is a $50 million grant program for businesses and non-profits offering grant amounts up to $10,000, not to exceed 3 months of demonstrated cash operating expenses for the first quarter of 2020.
The Michigan Small Business Relief Program will allocate $10 million in small business loans and $10 million in grants to local business owners.
The Michigan Economic Development Corporation offers additional resources and information for small businesses.
Minnesota’s Department of Employment and Economic Development is providing interest-free emergency loans from $2,500-$35,000 to businesses in need.
Missouri’s Department of Health and Senior Services provides guidance and resources for businesses navigating the COVID-19 crisis.
NC COVID-19 Rapid Recovery Lending Program for Small Businesses helps small businesses bridge the gap between when crisis strikes and when federal loans, insurance payouts, and other relief funds are approved, or businesses have time to recover. NC COVID-19 Rapid Recovery loans are not designed to be a singular source of assistance for small businesses and repayment is expected either from more permanent funding sources or from the future cash flow of the business.
The Economic Development Partnership of North Carolina offers a Business Relief Resource Guide, information on low-interest lenders, and more.
The New Hampshire Division of Economic Development has compiled a comprehensive list of resources for small businesses.
Burlington County Joint Small Business Loan Program will provide working capital loans up to $10,000 for each job retained, to a maximum of $50,000 at 2.4375% interest rate, which is 75% of the Prime Rate currently set at 3.25%. In addition, Burlington County outlines existing financial assistance programs, including Burlington County Small Business Direct Loan ($50K and under), Burlington County Small Business Loan ($50K-$200K) Fund Program, and Burlington County Route 130 Revolving Loan Fund Program ($125K -$2M).
NJ.gov has created a helpful FAQ page for impacted businesses seeking guidance and economic assistance. NJEDA Small Business Emergency Assistance Grant applications will open on 4/3 and close on 4/10 at 9 a.m. NJEDA Small Business Emergency Assistance Loan program opened to applicants the week of 3/30.
The Community Foundation of Western Nevada is setting up a Covid-19 Relief Fund. Details are still not available, but will be provided there.
The Nevada Health Response website has compiled resources offering guidance to the state’s employers and workforce.
Empire State Development has a useful coronavirus FAQ for businesses.
The Hebrew Free Loan Society Program provides interest-free loans of $2,000-$5,000 to residents of NYC’s five boroughs, Westchester, or Long Island who are facing financial challenges, including small business losses, caused by the Coronavirus outbreak. Loans are repayable in 20 monthly installments, which start in July 2020.
The Hello Alice Business for All Fund will provide small business owners up to $50,000 in grants, including $10,000 emergency grants to be awarded on a rolling basis.
The City of New York outlines financial assistance programs available to impacted businesses, including the NYC Employee Retention Grant Program which will cover 40% of payroll for businesses with fewer than 5 employees, and the NYC Small Business Continuity Loan Fund, offering zero interest loans up to $75,000 for businesses with 99 or fewer employees.
The Rethink Restaurant Response Program will select up to 30 NYC based restaurants, and give those selected up to $40,000 to stay up and running.
Available to Non-Profits
The North Star Fund has compiled a list of the programs that are offering support and funding to New York based non-profits. See below for a few of them:
Adirondack Foundation COVID-19 Special and Urgent Needs Fund is offering up to $10,000 grants to non-profits in the Adirondack region.
Central New York Community Foundation is offering up to $50,000 grants to non-profits through the COVID-19 Community Support Fund.
Northern New York Community Foundation is a $50,000 fund in support of non-profits serving residents in Jefferson, Lewis and St. Lawrence counties.
NYC COVID-19 Response & Impact Fund is a $75 million program offering grants and interest-free loans ($100K to $3M) to NYC based non-profits. Grant applicants can apply until May 30th for two of them and for the last one until Dec 31st.
Persons or businesses that owe (non-medical and non-student) debts to the State of New York that have been referred to the Office of the Attorney General for collection, may file a debt suspension application here.
The Robin Hood Relief Fund will be offering grants averaging $45,000 to non-profits.
Business Oregon offers resources on topics including business planning and financial assistance.
The Pennsylvania Chamber of Business and Industry has a website dedicated to Business Resources for Coronavirus.
Pennsylvania’s Department of Community & Economic Development provides useful guidance and FAQs for businesses, along with information on funding & programs.
Philadelphia’s COVID-19 Small Business Relief Fund is providing immediate relief to local small businesses in the form of grants and zero-interest loans.
South Carolina Business One Stop has prepared a Coronavirus Partner Contact Guide for impacted businesses.
Tennessee’s Department of Economic & Community Development has a page dedicated to Covid-19 updates for small businesses.
The Texas Restaurant Relief Fund will distribute grants of up to $5,000 to immediately support restaurants’ financial needs. As of March 24, 2020 the Foundation has temporarily suspended the acceptance of new applications until funds have been raised and distributed to current applicants.
Texas Economic Development shares a list of resources, updates, and business FAQs.
Virginia.gov’s coronavirus resource page includes a section on support for small businesses.
The Emergency Layoff Aversion Assistance Program offers grants up to $7,500 to help with small business in Arlington County or Alexandria City affected by the COVID-19 pandemic. The Application Window is currently Closed.
Governor Jay Inslee’s office has a detailed resource page for impacted Washington businesses and workers, including guidance on financial assistance.
Amazon has established a Neighborhood Small Business Relief Fund offering grants for qualified small businesses in Seattle and Bellevue with fewer than 50 employees or less than $7 million in annual revenue.
The CDC has provided interim guidance for businesses and employers to plan, prepare and respond to the pandemic.
Updated daily, Community Foundations Nationwide has compiled a list of more than 200 U.S. community foundations in 49 states, plus the District of Columbia, that have created relief funds to support local nonprofits affected by COVID-19.
Facebook is offering $100M in cash grants and ad credits to help small businesses during this challenging time.
In response to the COVID-19 pandemic more than 650 companies and associations have signed FCC's pledge to Keep Americans Connected. They pledge for the next 60 days to not terminate service and waive any late fees that any residential or small business customers incur because of their economic circumstances related to COVID 19 disruption, and to open all WIFI hotspots to the general public.
Updated daily, Forbes has compiled a list of the government agencies, private companies and nonprofit organizations that are offering support to small business owners.
Google has dedicated $340 million in ad credits for small and medium-sized businesses with active Google Ad accounts, to stay in touch with their customers during this difficult time. Users who have been active advertisers since the beginning of 2019 will receive a credit notification in their account in the coming months, and the credits can be used at any point during 2020 across all Google Ads platforms.
The International Council of Shopping Centers (ICSC) provides updates for the shopping center industry with U.S. state-by-state business closures and mandates, a summary of legislative action to support relief for small business owners, and various additional resources.
The IRS has postponed the tax filing deadline to July 15, which applies to individuals as well as corporations and any type of unincorporated business entity. There is no limit to the amount of payment that may be postponed.
Main Street America, a program of the National Main Street Center, is compiling resources, opportunities, and community response examples to help Main Street districts during this crisis. Content includes information on funding sources along with webinars and tip sheets.
The National Governors Association website outlines the steps each state is taking to address Coronavirus, including legislative action, along with updates from the Centers for Disease Control.
Through the Restaurant Employee Relief Fund, the National Restaurant Association will provide $500 grants to restaurant industry employees who have been adversely impacted by COVID-19. Applications will open April 2, 2020.
The Restaurant Opportunities Centers United has compiled a list of national and local relief resources for restaurant workers.
The United States Bartenders’ Guild is offering emergency assistance grants to bartenders, their spouses, and children.
Allows employers to tax deduct paid sick leave.
Yelp is waiving advertising fees for many independent local restaurant and nightlife businesses and is offering free access to page upgrades including Business Highlights, Call To Action, and Connect. The company is also offering $100 in free search advertising for restaurant clients offering delivery and/or takeout.
Yelp has partnered with GoFundMe to provide a fast and simple way for independent businesses to start fundraisers and accept donations through their Yelp pages. The Yelp Foundation and GoFundMe have also pledged to match up to $1 million in donations, with a $500 matching grant to eligible businesses that raise at least $500 on their GoFundMe.
We have been communicating with our tenants early and often. Past communications are listed here:
We are aware of the critical role our shopping centers play in the communities they serve, often providing access to essential retail and services such as groceries, drug stores, and doctor's offices.
The health and safety of our employees and their families is a top priority. We have taken the necessary steps to protect our employees and empower them to work from home and care for their family members and children whose lives have also been impacted.
We will continue to evaluate situations as they arise and adjust our approach as appropriate, with the goal to enable our employees to be as productive as possible while offering them the flexibility they need to care for themselves and their families.
The information provided herein is intended for general information purposes only and is not intended to provide legal or tax advice on any matter. Due to the rapid changes in Federal, State and local regulations and guidelines, Kimco does not make any representations or warranties as to the completeness or accuracy of any of the information contained herein or on any of the provided links. Please consult with your legal and tax advisors with respect to your specific facts and circumstances before taking any action.