In response to the continuing COVID-19 crisis, we have compiled a list of resources that may be helpful for business and employees as we continue navigating our present reality. Given the pace of change, this list is not exhaustive, but we will attempt to keep it as current as possible.

Business Resources

FEDERAL

Economic Injury Disaster Loans (EIDL)

  • ACTION: Low-interest federal Economic Injury Disaster Loans up to $2 million in working capital for small businesses and non-profits are now available. All payments on current SBA 7(a), 504, and microloan products that are not Economic Injury Disaster Loans will be covered by the agency for the next six months. Those who execute loans of these types within 6 months of the President signing H.R. 748 into law (see below) will also be eligible for this relief. Business owners should apply for disaster loans here and those looking to apply for non-disaster loans may click here.

Emergency Economic Injury Grants

  • ACTION: These grants provide an emergency advance of up to $10,000 to small businesses within three days of applying for an SBA Economic Injury Disaster Loan (EIDL). To access the advance, you first apply for an EIDL and then request the advance. The advance does not need to be repaid and may be used to keep employees on payroll.

Express Bridge Loans

  • ACTION: These are loans available to individuals who are already engaged with an SBA express lender. Access to these loans may be much faster than applying to and EIDL and may also be used in the case of an emergency or disaster. Click here for more information.

Payment Deferrals

  • ACTION: R. 748 includes forgiveness of loan payments for most existing SBA loans. Once implemented, you will not have to make your next six months of loan payments.  Learn more here.

Department of Agriculture (USDA)

Payment Deferrals

  • ACTION: The Office of Rural Development’s Business and Industry Loan Guarantees (B&I) and Rural Energy for America Program (REAP) Guaranteed lenders may assist borrowers experiencing temporary cash flow issues by deferring payments for a period no longer than 120 days. More details may be found here.  The USDA is offering users of its Telecommunications and Electric Program audit, loan, and fee relief for the coming months.  More information on both items can be found here.

Export-Import Bank of the United States (EXIM)

Export Assistance

  • ACTION: The EXIM is offering three kinds of relief measures to banks, exporters, and small businesses impacted by the coronavirus. More information on the measures may be found here.

Federal Reserve

Main Street Loan Facility (New & Expanded)

  • ACTION: The Federal Reserve has authorized up to $600 billion in new loans to provide additional support for small- and medium-size businesses. Banks may extend new loans or use funds to support or expand existing loans. Eligible borrowers are businesses with up to 10,000 employees or up to $2.5 billion in 2019 annual revenues. More information on the programs may be found here and here. Since the initial announcement, the Fed has also added a third loan category called the Main Street Priority Loan Facility to authorize new loans with different rules than the other two facilities. More information on this new addition may be found here.

H.R. 748 “CARES Act”

Small Business & Economic Aid Package

  • ACTION: Authorizes additional SBA aid and mandates additional actions no later than 15 days after the act is signed into law. The package also targets distressed businesses and industries with additional economic aid. These include:
    • Creating a new program to incentivize employee retention through the forgiveness of federal loan dollars (see SBA above)
    • Injecting $425 billion in loans, loan guarantees, and investments through the Federal Reserve
    • Providing direct lending to passenger airlines, cargo airlines, and industries critical to national security
  • A detailed summary of all the law’s provision has been compiled by the U.S. Chamber of Commerce and may be found here.

Employee Retention Tax Credit

  • ACTION: A new refundable tax credit is available to almost all employers (including tax-exempt organizations). The credit amounts to 50% of qualifying wages paid up to $10,000 in total paid by an eligible employer whose business has been financially impacted by COVID-19. More information can be found here.
  • The internal Revenue Service has created a special section to assist taxpayers and businesses affected by the coronavirus.  Additional updates will be posted as more information becomes available.

STATE OF OHIO

JobsOhio

Community Bank Loan Guarantee

  • ACTION: JobsOhio has partnered with Peoples Bank and First Federal/Home Savings Bank to support their existing small business clients with capital support. JobsOhio has committed up to $50 million to assisnt lending activities at these banks to those businesses that have been negatively impacted by the pandemic. Each bank has more information on their website which may be found here, here and here.

Innovation Fund

  • ACTION: The JobsOhio Innovation Fund is being opened to offer convertible loans, side by side with cash co-invested from existing investors, toward Ohio’s most promising and innovative companies. Funds are designed to ensure company viability until the next independent funding round, to sustain in-demand employees, and keep innovative businesses in position to grow and create jobs for the future. Click here for more information.

Department of Insurance

Continued Coverage for Employees

  • ACTION: Insurers must permit employers to continue covering employees under group policies even if the employee would become ineligible due to a decrease in hours worked per week.  View the full bulletin released on March 20th here.

Department of Jobs and Family Services

Layoff Aversion

  • ACTION: SharedWork Ohio is a layoff aversion initiative for businesses aimed at curtailing unemployment during economic downturns. Businesses interested in SharedWork Ohio must submit the names and the hourly schedules of employees to be uniformly reduced. JFS will then compensate these employees with unemployment benefits. Employers can find more information on eligibility here.
  • ACTION: Assist employers with plant closings and mass layoff plans through compliance with the federal WARN act. More information and guides can be found here.
  • Common questions and answers on evolving JFS policies may be found here.

Department of Transportation

Blanket Permit for Truckers

  • ACTION: A special blanket permit for haulers carrying heavy or oversized loads of food, non-alcoholic beverages, medical supplies, cleaning products, and other household goods has been approved. More information on the order and the permit can be found here.

Development Services Agency

Office of Small Business Relief

  • ACTION: This new office within DSA is focused on identifying and providing direct support to the state’s nearly 950,000 small businesses to help during the current public health crisis. Statewide economic relief resources and common questions and answers may be found on their new website.

PPE Retooling and Reshoring Grant Program

  • ACTION: This new program will award grants of up to $500,000 to small and medium-sized manufacturers to bring new PPE operations online or back to Ohio. Funds can be used to acquire equipment, retool or construct facilities, and technology upgrades that directly support PPE production. Click here for more information.

Ohio Minority Micro-Enterprise Grant Program

  • ACTION: Select minority and/or women owned businesses can now apply for $10,000 grants to help sustain operations through the pandemic. Businesses must have an annual revenue below $500,000 and employ 10 or fewer people. More information can be found here.

Appalachian Region Loan Program

  • ACTION: DSA will loan Appalachian Growth Capital LLC $10 million to loan to small busiensses across Ohio’s 32-county appalacian region. The maxmum loan amount will be capped at $500,000 and businesses will have the ability to deter laon repayments for up to six months. More information on the initiative may be found here.

Governor’s Office of Workforce Transformation

COVID-19 Job Search

  • ACTION: A special website has been created to match essential businesses with individuals ready and willing to work as essential personnel during the crisis. Employers can post jobs here, and jobs seekers can search for open positions as well.

TechCred

Reimbursement for Staff Upskilling

  • ACTION: Provides reimbursement for business upskilling employees through a select list of verified skill development programs.  Keep employees engaged from home or utilize downtime by growing employee knowledge. The new round of applications opens August 4th and closes August 31st. This round will be open to individuals not-yet-hired in addition individuals already employed by an applying organization. More information and how to apply can be found here.

 

Procurement/Manufacturing Opportunities

FEDERAL

Selling Supplies/Equipment to the Federal Government

  • To sell medical supplies or equipment to the federal government, please submit a price quote under the COVID-19 PPE and Medical Supplies Request for Quotation. Full details can be found in the solicitation (Notice ID 70FA2020R00000011).
  • Note: This solicitation requires registration with the System for Award Management (SAM) in order to be considered for award, pursuant to applicable regulations and guidelines. Registration information can be found at sam.gov. Registration must be “ACTIVE” at the time of award execution.

Manufacturing for the Federal Government

Federal Emergency Management Agency (FEMA)

  • FEMA’s National Business Emergency Operations Center is virtual clearing house for two-way information sharing between public and private sector stakeholders to help people before, during, and after disasters. If you are a private company wanting to produce a product relatedto the COVID response, please email nbeoc@max.gov.
  • If you are interested indoing business with FEMA and supporting the response to COVID- 19 with your company’s non-medical goods and/or services, please submit your inquiry to the Department of Homeland Security (DHS) Procurement Action Innovative Response Team (PAIR) team at DHSIndustryLiaison@hq.dhs.gov.

Defense Logistics Agency (DLA)

  • Those wishing to provide resources for the federal response may also consider engaging the DLA’s Procurement Technical Assistance Program. More information may be found here and here.

STATE OF OHIO

To Do Business with the State

  • If you have never done business with the State of Ohio in the past, you can fast-track the process by creating an OH/ID Account. Simply go to the Supplier Portal to register.

For Information on Manufacturing, Retooling or Repurposing

  • Manufacturers interested in repurposing or retooling operations to produce essential items (i.e. PPE or medical devices) should visit the Ohio Manufacturing Alliance to Fight COVID-19 website.

SELECT EMERGENCY TAX PROVISIONS OF CARES ACT

Charitable Contribution Enhancements

  • 2204: Corporations limited to 25% of taxable income instead of 10%.

Employee Retention Credit

  • 2301: A fully refundable credit against the employer’s share of Social Security Taxes (6.2%) for businesses forced to close due to COVID-19 or if gross receipts fell by 50% compared to the same quarter in 2019. Tax credit is 50% of qualified wages for the quarter, up to $10,000 per employee.

Employer Payroll Tax Payment Deferral

  • 2302: Businesses can delay payments on employees’ share of Society Security Tax (6.2%) due in 2020. The first 50% of the deferred payment will be due on December 31, 2020 and the remaining 50% is due by December 31,2022.

Net Operating Loss Provisions

  • 2303: Losses from 2018 through 2020 can be carried for up 5 years. The entire measure makes the offset of taxable income 100% instead of the current 80%.

Modification of Business Interest

  • 2306: Businesses are able to increase their business interest expense deductions on their tax returns for taxable years 2019 and 2020.

EMPLOYEE RESOURCES

FEDERAL

Department of Agriculture (USDA)

Housing Relief Measures

  • ACTION: The Office of Rural Development has instituted relief measures for individuals taking advantage of the Single and Multi-family Housing programs. Foreclosures and evictions have been halted and repayment programs have been implemented. among other measures. More information can be found here.

H.R. 748 “CARES Act”

Expanded Unemployment Benefits

  • ACTION: Expands and supports unemployment benefits and programs to cover independent contracts and gig-workers and extends benefits for an additional 13 weeks for those who need it.  More information can be found here.

Internal Revenue Service (IRS)

Deductible Expansion

  • The internal Revenue Service has created a special section to assist taxpayers and businesses affected by the coronavirus. Detailed information may be found here. Additional updates will be posted as more information becomes available.

STATE OF OHIO

Department of Jobs and Family Services

Unemployment Benefits Expanded

  • ACTION: Unemployment benefits have been expanded to those workers who have been quarantined, laid off, or otherwise rendered inoperative due to the coronavirus and/or health crisis. The normal one-week waiting period for benefits has also been suspended. Common questions and answers on evolving JFS policies may be found here.

Governor’s Office of Workforce Transformation

COVID-19 Job Search

  • ACTION: A special website has been created to match essential businesses with individuals ready and willing to work as essential personnel during the crisis. Employers can post jobs here, and jobs seekers can search for open positions as well.

 

PRIVATE & NON-PROFIT SECTOR RESOURCES

Bank of America

  • ACTION: Offering individuals and small businesses payment assistance and deferrals. For more information, click here.

Charter Communications

  • ACTION:  Offering free Spectrum broadband and Wi-Fi access for 60 days to households with K-12 and/or college students who do not already have a Spectrum broadband subscription and at any service level up to 100 Mbps.  Those interested in enrolling should call 1-844-488-8395. Installation fees will be waived for new student households. Click here for more information.

Chase Bank

  • ACTION: Offering payment assistance across their products. For more information, click here.

Economic & Community Development Institute (ECDI)

Micro-Loans for Businesses

  • ACTION: Offering microloans from $750 to $350,000 for startups and small businesses. More information on terms and how to apply can be found here.

Facebook

  • ACTION: Applications for cash grants and ad credits for businesses will open in the coming weeks. For more information and to sign up for updates, click here.

Fifth Third Bank

  • ACTION: Payment deferrals for small businesses are being offered across their products. More information on their programs can be found here.

HFLA of Northeast Ohio

  • ACTION: Individuals and families may apply for an emergency loan of up to $1,500.  Monthly repayments of $100 would begin May 1, 2020. The loan application may be found here.

Honeycomb Credit

  • ACTION: Loan options for working capital through its proprietary crowdfunding platform are being offered from $10,000 to $25,000. Additional loans amounts may be considered. Check website for details.

Huntington Bank

  • ACTION: Payment deferrals for small businesses and individuals are being offered across their products.  Click here for more information.

Key Bank

  • ACTION: Borrower assistance programs and temporary assistance loans are available for KeyBank customers. Click here for more information.

Local Initiatives Support Corporation

  • ACTION: LISC will use a donation from Verizon to provide grants of up to $10,000 to businesses facing immediate financial pressure because of COVID-19. Entrepreneurs of color, women-owned businesses and other enterprises in historically underserved communities who don’t have access to flexible, affordable capital are especially encouraged to apply here.

PNC Bank

  • ACTION:  Payment deferrals for small businesses and individuals are being offered across their products. Click herefor more information.

U.S. Bank

  • ACTION: Payment deferrals for small businesses and individuals are being offered across their products. Click here for more information.

 

UTILITIES RESOURCES

AEP

  • ACTION: Suspension of service for nonpayment has been stopped until further notice and repayment plans have been implemented. More information can be found here.

AT&T

  • ACTION: Suspension of service for nonpayment has been stopped for the next 60 days and repayment late fees will be waived. More information can be found here.

Columbia Gas

  • ACTION: Suspension of service for nonpayment has been stopped until further notice and repayment plans have been implemented. More information can be found here.

Dayton Power & Light

  • ACTION: Suspension of service for nonpayment has been stopped until further notice and repayment plans have been implemented. More information can be found here.

Dominion Energy

  • ACTION: Suspension of service for nonpayment has been stopped until further notice and repayment options are available.
  • ACTION: Grants funds for nonprofits addressing direct needs in the communities across the Dominion Energy footprint are available. More information can be found here.

Duke Energy

  • ACTION: Suspension of service for nonpayment has been stopped until further notice and repayment plans have been implemented. More information can be found here.

FirstEnergy

  • ACTION: Suspension of service for nonpayment has been stopped until further notice and repayment plans have been implemented. More information can be found here.

Ohio Electric Cooperatives

  • ACTION: Suspension of service for nonpayment has been stopped until further notice. More information can be found here.

Spectrum

  • ACTION: Services will not be suspended for missing payments internet services are being extended to low-income households to ensure children can access educational materials. More information can be found here.

Verizon

  • ACTION: Various fees have been suspended and additional data has been added to customers plans free of charge for use through phone hotspots. More information can be found here.

 

COMMUNITY RESOURCES

FEDERAL

Department of Housing and Urban Development (HUD)

CDBG Disaster Recovery Program

  • ACTION: provides flexible grants to help cities, counties, and states recover from a Presidentially declared disasters. The grants focus on low-income areas, subject to availability of supplemental appropriations. More information can be found here.

Community Block Grant Development (CBGD) Program

  • The CBGD Program has many types of programs to target development in areas that are underserved, in a disaster zone, or to mitigate foreclosures and home abandonments. For more information on the kinds of programs HUD offers, click here.

Federal Reserve

Municipal Liquidity Facility

  • ACTION: The facility will purchase up to $500 billion in short term notes directly from states and counties with populations of at least 2 million residents and cities with at least one million residents. Proceeds from the sale may go to support city operations and/or support additional communities and assist in debt payments among other uses. More information on the program may be found here.

ADDITIONAL RESOURCES & UPDATES

PANDEMIC & HEALTH UPDATES

OTHER FEDERAL UPDATES

 

ECONOMIC DEVELOPMENT ORGANIZATIONS

COMPANIES ON THE FRONT LINES