Important COVID-19 business infoL
The Town of Westport Economic Development Task Force in conjunction with Senator Michael Rodrigues and State Representative Paul Schmid are seeking to help businesses in Westport stay solvent during these difficult times. To that end, we are compiling a list of local businesses from several sources to reach out to in the coming days. In addition, we have set up a special email address for Town businesses to communicate with us for help: [email protected].
Of particular urgency is our attempt to utilize the CARES Act that the President signed into law on March 27, 2020. First and foremost, the Act is providing $350 billion of assistance through a Payroll Protection Plan (PPP) being administered by SBA-accredited banks to keep employees on the payroll and off unemployment. The 1% loans are being distributed on a first come, first serve basis, so prompt action is a must. Importantly, these loans are forgiven if employees stay on the payroll for eight weeks and if 75% of the funds are used for payroll. Local banks that are SBA accredited include BayCoast Bank, Bristol County Savings, Mechanics Coop, and Rockland Trust. Be advised that Westport Federal Credit Union does not participate in SBA programs at this time.
The Westport Economic Development Task Force assists the Board of Selectmen in promoting, nurturing, and overseeing economic development in Westport that would support the overall objectives of the Master Plan.
Goals of the Westport Economic Development Task Force
- Promote Economic Development along Route 6 and Route 177 corridors.
- Review electronic infrastructure in Town, including Internet.
- Support Housing Partnership Committee (HPC) in its efforts to pursue affordable housing in the Town.
- Establish a communications strategy with other Town committees and the public.
PO Box 1171
Westport, MA 02790