Below is the information presented in a webinar by the U.S. Chamber of Commerce on The Paycheck Protection Program and Other CARES Act Assistance for Businesses.
#WeAreAllinThisTogether
Thank you to all our local businesses for completing our Business Impact Survey. This information (Business Impact Survey Results) will be used to begin gathering the various resources that you will need to reopen and recover. We certainly appreciate all of our businesses and what you bring to our community. We will do whatever we can to assist you now and into the future. It is recommended you contact your local banks/financial institutions first for potential loan assistance. (Click here for a complete list of area SBA lenders.) They have been able to approve some applications and have others that are pending approval. There are a variety of programs that you may qualify for to get you back to recovery. (These are also listed on this COVID-19 Relief PowerPoint presentation.) And explained further on this Dayton Development Coalition SBA webinar link: https://dialpad.com/shared/call/WfzXD4cBYdVcrHDjNCqP92qw47MfUNMPpzO6v7r4w2Mf
Remember, another local source of information and assistance in completing these applications is the Springfield SBA which serves Champaign County: www.springfieldsbdc.com On April 7th, Governor DeWine announced the creation of the Office of Small Business Relief to identify ways to provide support to Ohio's small businesses. This office will be housed within the Ohio Development Services Agency. The Office of Small Business Relief (OSBR) 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 and to position them for a span rebound. https://businesshelp.ohio.gov Additional tips for businesses from our local lending institutions:
The U.S. Treasury Paycheck Protection Program (PPP) Loans FAQs were released last evening, 4-6-2020. These answer quite a few of the questions that many of us have had in regard to the PPP loans and expands on some of the FAQs relating to businesses with more than 500 employees.
Please note that this applies to non-profits as well, but only those registered as 501(c)3. This is a request from Jim Freeman, the director of the Champaign County Emergency Management Agency:
The EMA is searching for any local business who fit test employee's N-95 masks in-house and have the testing solution the EMA could buy/borrow from them. The stuff is out of stock with every supplier we know of. If you know anyone, please contact myself or Jim asap. James Freeman jfreeman@co.champaign.oh.us or 937-484-1642. Ohio Lt. Gov. Husted reported that more than 29,000 jobs had been posted on the new website to match essential businesses with Ohioans seeking work: https://jobsearch.ohio.gov/wps/portal/gov/jobsearch/
The Champaign Health District is providing these posters for area businesses to use during the COVID-19 pandemic. Click to download full version for printing.
In response to COVID-19, Champaign County Department of Job and Family Services (CCDJFS) has revised the Prevention, Retention, Contingency (PRC) plan to assist Champaign County households.
The COVID-19 Response Services funds will be issued to TANF eligible households that have lost employment or income as a result of the COVID-19 pandemic, while funding is available. A one-time cash payment of $500 for loss of employment or income due to the COVID-19 pandemic that creates a financial hardship for families to maintain or afford basic needs (food, clothing, shelter, etc.) to TANF eligible families. TANF eligible Assistance Groups (AG) are:
Applications are available outside of the CCDJFS lobby from 8:00 am-4:30 pm Monday-Friday and online at www.champaigndjfs.org. Applications may be dropped off at CCDJFS or emailed to Champ_PRC@jfs.ohio.gov. The PRC COVID-19 Application and W-9 must be completed in full. If available, provide verification of loss of employment to avoid application processing delays. All loss of employment will be verified. The Director of the Ohio Department of Health has amended and extended Ohio's "Stay at Home" orders through May 1, 2020. Click here to view the amended order.
“They say they’re seeing a lot of demand in emergency rooms,” Hall said of the cooling systems found in emergency rooms throughout the country. He described the Gentherm product as a cooling system on wheels with a Hall Company control device that raises and lowers the temperature of blankets used in emergency rooms.
Hall said The Hall Company has heard from many customers as the coronavirus closed the doors of many businesses. “A lot of customers reached out to us,” he said. “They say we’re essential.” The company is not only hearing from customers for whom medical devices are made. Illinois Tool Works (ITW) in Piqua manufactures food processing equipment for commercial kitchens throughout the country. The Hall Company makes replacement parts for that equipment. “They told us we’re essential to the supply chain,” Hall said. “You don’t think about how connected we all are.” Asked whether current staffing can handle regular production as well as Gentherm’s order wanted next month, Hall said employees are handling the situation. “We didn’t take this situation lightly,” he said of the COVID-19 threat. “We are not requiring employees to come in. We asked for volunteers. Most of our staff volunteered.” Hall said he appreciates employees’ willingness to work, but understands the decision of those choosing to stay home during the pandemic. “We want to help the U.S. and help the supply chain, but employee safety is our number one priority,” he said. “We’re a family business. Without our employees, we have nothing.” Employee breaks have been staggered so people are not in one place at the same time. The once-a-day cleaning routine now is done several times a day. “We’ve redone the layout so we can space out, and some people work from home when possible,” Hall said. “We’ll all be in different rooms talking on the phone. We take temperatures each day and check it again a couple times a day. “We’re trying to do what’s right for everybody,” he said. “We appreciate our employees and we appreciate the people on the front lines. We’re not on the front lines, but we’re trying to give the people on the front lines the tools they need.” The Paycheck Protection Program prioritizes millions of Americans employed by small businesses by authorizing up to $349 billion toward job retention and certain other expenses. Small businesses and eligible nonprofit organizations, Veterans organizations, and Tribal businesses described in the Small Business Act, as well as individuals who are self-employed or are independent contractors, are eligible if they also meet program size standards.
U.S. Treasury Department
Office of Public Affairs Press Release: March 31, 2020 Contact: Treasury Public Affairs, (202) 622-2960 With $349 Billion in Emergency Small Business Capital Cleared, Treasury and SBA Begin Unprecedented Public-Private Mobilization Effort to Distribute Funds WASHINGTON – Following President Trump’s signing of the historic Coronavirus Aid, Relief, and Economic Security (CARES) Act, SBA Administrator Jovita Carranza and Treasury Secretary Steven T. Mnuchin today announced that the SBA and Treasury Department have initiated a robust mobilization effort of banks and other lending institutions to provide small businesses with the capital they need. The CARES Act establishes a new $349 billion Paycheck Protection Program. The Program will provide much-needed relief to millions of small businesses so they can sustain their businesses and keep their workers employed. “This legislation provides small business job retention loans to provide eight weeks of payroll and certain overhead to keep workers employed,” said Secretary Mnuchin. “Treasury and the Small Business Administration expect to have this program up and running by April 3rd so that businesses can go to a participating SBA 7(a) lender, bank, or credit union, apply for a loan, and be approved on the same day. The loans will be forgiven as long as the funds are used to keep employees on the payroll and for certain other expenses.” “This unprecedented public-private partnership is going to assist small businesses with accessing capital quickly. Our goal is to position lenders as the single point-of-contact for small businesses – the application, loan processing, and disbursement of funds will all be administered at the community level,” said Administrator Carranza. “Speed is the operative word; applications for the emergency capital can begin as early as this week, with lenders using their own systems and processes to make these loans. We remain committed to supporting our nation’s more than 30 million small businesses and their employees, so that they can continue to be the fuel for our nation’s economic engine.” The new loan program will help small businesses with their payroll and other business operating expenses. It will provide critical capital to businesses without collateral requirements, personal guarantees, or SBA fees – all with a 100% guarantee from SBA. All loan payments will be deferred for six months. Most importantly, the SBA will forgive the portion of the loan proceeds that are used to cover the first eight weeks of payroll costs, rent, utilities, and mortgage interest. The Paycheck Protection Program is specifically designed to help small businesses keep their workforce employed. Visit SBA.gov/Coronavirus for more information on the Paycheck Protection Program.
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