COVID - 19 Business Resources (programs available to businesses as of May 19, 2021)

Coronavirus Relief Options through the SBA:
EIDL (Economic Injury Disaster Loan), FAQs for Targeted EIDL
PPP (Paycheck Protection Program)
Restaurant Revitalization Fund
Shuttered Venue Operators Grant
SBA Bridge Loan
SBA Debt Relief

Federal Resources for US Small Businesses

CARES RLF (Revolving Loan Fund) through the Meramec Region Planning Commission (MRPC)


Trainings and Informational Webinars

Resources


Local Incentives
Enhanced Enterprise Zone
The Enhanced Enterprise Zone provides a stimulus for expansion of existing businesses and new business development that results in creating sustainable jobs in targeted industries in Salem and Dent County. Local property tax abatement is available to eligible businesses.

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Dent County Industrial Development Authority (IDA)

The IDA promotes economic development in Salem and Dent County through the issuance of Industrial Revenue Bonds (IRBs). In addition the IDA currently owns on industrial building in Masters Industrial Park and partners with local, state and federal government to promote industrial development of the area.

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Utility Employment Incentive
Discounted electric rate available to all eligible, commercial electric customers of the City of Salem for the creation of 25 or more new, full-time jobs, for up to 24 months total.


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Other Planning and Financial Resources
USDA Service Center
  • USDA Rural Development – Business Loans, Grants
  • Rural Economic Development - Business Loans, Guaranteed Loans, Grants and more

Contact:
USDA Service Center
1050 Highway 72 Rolla, MO 65401
Telephone: (573) 364-1479

Small Business Administration Assistance (SBA)
SBA provides a number of financial assistance programs for small businesses including 7(a) loans, 504 loans, and disaster assistance loans. SBA’s loan programs, surety bonds and the role of SBA can be described by the local office.

Contact:
St. Louis District Office
200 North Broadway, Suite 1500
St. Louis, MO 63102
Phone: (314)539-6600

Meramec Regional Planning (MRPC)
  • Revolving Loans and Loan Packaging
  • MRPC prepares applications and services RLF loans for customers in the eight-county area. This local fund was created by a grant from the Economic Development Administration with local match provided by cities, counties, businesses, and other organizations. Additional funds were recently added through a loan from USDA’s Intermediary Relending Program. (IRP)

Contact:
Meramec Regional Planning Commission
4 Industrial Drive St. James, MO 65559
Telephone (573) 265-2993 info@missourimeramecregion.org


Other Resources...



University of Missouri Extension

Business Program
The University of Missouri Extension's business program helps Missouri's entrepreneurs succeed in private enterprise. Financial information and education is available through training programs and counseling.

Contact Information
BUSINESS DEVELOPMENT
Phelps County University of Missouri Extension Center
Phone: 573/458-6260
Website: http://www.missouribusiness.net


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Other Resources on this Website...

Transportation

Services
  • Permits and Licenses
  • City Facilities
  • Utilities

Financial Institutions

Real Estate
  • Industrial Park
  • Commercial Buildings Available
  • Real Estate Agencies

City of Salem Office of Economic Development
Sally Burbridge
400 N Iron St.
Salem, Mo 65560
E-mail economic@salemmo.com
573-729-2428


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