Small businesses in Ohio affected by COVID-19 can now apply for up to $2 million to assist with cash flow. Loan terms are available up to 30 years and loans will come with an interest rate of 3.75% for small businesses without credit available elsewhere.
How to apply for assistance Simply click here to fill out and submit the online application on SBA’s website. ** Please note, businesses need to check “economic injury” so that the form works. Then it should work even with a city listed. More about SBA Disaster Recovery Loans SBA provides low-interest disaster loans to small businesses, agricultural cooperatives, aquaculture enterprises and nonprofits affected by disaster to help meet working capital needs or normal business operating expenses through the recovery period. Businesses are eligible for these loans regardless of whether or not they have suffered property damage. The maximum loan for any combination of property damage and/or economic injury is $2 million. Below are links to a variety of additional disaster assistance information provided by SBA:
We’re here to help. If you have questions or need assistance, pleased do not hestitate to contact us. Sincerely, Michael Kinninger Executive Director, OSDC
Governor Mike DeWine has taken quick and decisive action in order to slow the spread of the coronavirus, which causes COVID-19. Each of these actions is to ensure that Ohio’s healthcare system is able to remain strong and available to anyone who needs it.
We are aware that the disruption caused by the coronavirus pandemic is and will continue to modify regular life for all Ohioans; however, our state is home to world-renowned healthcare institutions and together we’ve taken the steps needed to keep Ohioans safe. Once the initial threat of this virus has passed, Ohioans will return to work and school, our stadiums and arenas will open their doors to spectators again, and our restaurants will fill with patrons.
We recognize that this is a difficult time. Therefore, we’d like to share information about a number of aggressive steps the administration is already taking to offer assistance to Ohio businesses and individuals impacted.
Support for Small Businesses & Non-Profit Organizations: The Ohio Development Services Agency is working this week to qualify Ohio for the U.S. Small Business Administration's (SBA) Economic Injury Disaster Loan Program. This program provides low-interest loans up to $2 million in order to help businesses overcome the temporary loss of revenue during the state of emergency. Non-profit organizations in Ohio will also be eligible for low-interest loans through the SBA's Economic Injury Disaster Loan program. Businesses impacted by the current public health crisis can contact BusinessHelp@Development.Ohio.gov for more information. Additional details about the SBA Economic Injury Disaster Loan Program is available at SBA.gov/Disaster. Enhanced Unemployment Aid for Ohioans: The Governor has issued an executive order, which will grant the Ohio Department of Job and Family Services (ODJFS) with the authority to accept and grant requests for unemployment compensation suspending the normal 1-week waiting period. This order will also give relief to applicants who are not offered paid leave through their job, as well as those who have been quarantined by a medical professional, their employer, or whose employers must temporarily close. Those who apply for unemployment under these circumstances will be exempt from the requirement that they be actively seeking work. For more information, please go to Unemployment.Ohio.gov or JFS.Ohio.gov/Coronavirus. SharedWork Ohio: SharedWork Ohio is an alternative to layoffs for employers. It allows workers to remain employed and employers to retain their staff during times of reduced business activity. Under a SharedWork Ohio plan, employers reduce hours to avert a layoff. The participating employee works the reduced hours, and the Ohio Department of Job and Family Services provides an unemployment insurance benefit proportionate to their reduced hours. Interested employers should provide the Ohio Department of Job and Family Services with a list of participating employees and specify their normal weekly hours of work, not to exceed 40 hours and not including overtime. Part-time employees may be eligible, but all employees in an affected unit must have their hours reduced by the same reduction percentage. For more information, please visit JFS.Ohio.gov/SharedWorkOhio. TechCred: We encourage Ohio employers to take advantage of the State of Ohio’s TechCred program and upskill their employees while they may be unable to perform their typical day-to-day duties. Many of these trainings can be completed online. TechCred offers employers up to $2,000 in reimbursement for every technology-focused credential earned by an employee, up to $30,000 per employer per round. These technology-focused credentials take a year or less to complete and prepare current and future employees for the technology jobs Ohio employers need. The current application period is open through March 31st on TechCred.Ohio.Gov. If a business has questions about the program they should email Workforce@OWT.Ohio.gov. One-time Liquor Buyback: The Ohio Department of Commerce will immediately begin offering a one-time liquor buyback option to support bars and restaurants. This will especially aid those establishments that have stocked up on high-proof liquor ahead of the St. Patrick's Day holiday for which they now have no use, due to their closure to in-house patrons. Bars and restaurants wishing to take advantage of this opportunity should return their unopened, high-proof liquor products (obtained within the past 30 days) to the agency where they purchased the product. This opportunity is also extended to those with temporary (F2) permits for events scheduled between March 12 and April 6, 2020. If a business has questions about this program, they should reach out directly to the Liquor Enterprise Service Center (LESC) at 1(877)812-0013 or by emailing OhioLiquorInfo@Com.Ohio.gov. FOR MORE INFORMATION: ONLINE: Please visit www.Coronavirus.Ohio.gov for the most up-to-date information from the Ohio Department of Health. PHONE: For any questions you have about COVID-19, please call 1 (833) 4-ASK-ODH from 9:00 a.m. – 8:00 p.m (7 days/week). SOCIAL MEDIA: @GovMikeDeWine @LtGovHusted @OHDeptofHealth DAILY UPDATES: Governor DeWine is holding daily press briefings at 2:00 p.m. to deliver the most recent updates as well as give updated guidance for the state’s response. These press events are carried live at www.OhioChannel.org All federal agencies are working together to protect public health, including the U.S. Small Business Administration. The SBA's top priority is to ensure Ohio small businesses – which total nearly 950,000 – can continue their contributions to the state’s economy, and our nation.
Small Business Administration (SBA) is working directly with Governor DeWine’s office to facilitate a disaster declaration from the SBA for businesses to be eligible for Economic Injury Disaster loans. To expedite this process, we need your help in disseminating the Disaster Loan Declaration Form for businesses to fill out. Once you have done so, please email the completed forms to james.laipply@development.ohio.gov. Once that declaration is made and the SBA has confirmed it, the agency will be able to provide Economic Injury Disaster Loans of up to $2 million per small business to assist with economic recovery. SBA Disaster Assistance Response to the Coronavirus HERE, Spanish version HERE Please feel free to send out the attached handouts as well as the below links to disaster assistance:
The SBA will continue to support small businesses through this difficult time, and we urge them to visit www.sba.gov/coronavirus and follow @SBA_Columbus on Twitter or sign up for our newsletter for more updates. We sincerely appreciate your help in this effort. For detailed information on SBA programs for the coronavirus, visit www.sba.gov/coronavirus and for information on all federal programs, visit www.usa.gov/coronavirus or www.gobierno.usa.gov/coronavirus (en Español).
Downtown spot opening this month to feature health food
Former ‘city farm’ to be mined for sand and gravel
By Christopher Selmek, Urbana Daily Citizen
The three-story, 54-room Cobblestone Hotel under construction at 170 state Route 55, Urbana, is on budget and on schedule to be completed by mid-May 2020, according to Urbana Hotel LLC managing member Terry Howell. The framing crew lost 12 days of work due to weather, allowed under the construction schedule. Roofers were expected to begin placing tile on Monday. “The schedule had allowances for weather, and they’ve used up all those allowances to date,” Howell said Friday, Dec. 27. “I would personally like to have seen it a week ahead of schedule, but we’ve had rain come at inopportune times. On Monday the shingle people will come in and they’ll start putting the soffit on and the shingles on.” Howell said that the framing crew was contracted from Florida by BriMark Builders, that the crew is the number one framing crew for BriMark and that this is the 15th hotel they have built. “Any construction project usually has a little impediment here or a miscommunication there. That’s kind of normal, but there’s not been very much of that,” he said. “There’s always some of that on any project, but there hadn’t been very much of that on this one. It’s going very smoothly.” Plumbers and HVAC contractors are at work inside the structure. The concrete pool is built and just needs a liner. Howell said there are as many as 10-15 people working on site during any given day depending on what they are trying to accomplish that day. “There’s a schedule where you have different trades that have to come together to fit,” Howell said. “The rooms are all laid out and numbered already on the inside. They’re laid out in a rough frame, and there’s an electrical map on each room so electricians know where to run wires and so on. It has been sequenced appropriately and is right on schedule and on budget. Everything is going fairly smooth.” Howell added that the people working on the entrance will install awning, and then signage will go on the cupola. The “mountain of mud” currently surrounding the building will be transformed into a parking lot big enough to park buses beside the building within the coming months. “I would have no problem staying here,” he said. “I live just three miles from here so I doubt if I ever will spend the night here, but all the rooms have character. We’ve got like six different styles of rooms … and they have varying amenities that they offer, so they’re not all the same. We are really excited.” Christopher Selmek can be reached at 937-508-2304
Key development projects
Thanks to economic development investments by private businesses working with the CEP, Urbana – for the first time ever – ranked 41st in the Site Selection magazine’s 2017 list of top U.S. micropolitan communities. Recent successes include the new Navistar distribution center, Memorial Health’s medical building, expansion of Weidmann Electrical Technology, opening of Nutrien Ag Solutions, Sutphen Corporation’s new Service, Parts and Refurbishment Center, expansion of Old Souls Farms hydroponic operations, expansion of Advanced Technology Products and purchase of the former Robert Rothschild Farm property. Champaign County manufacturing jobs have grown from under 3,000 jobs in 2013 to nearly 4,000 in 2018. Major projects for 2019 include:
The CEP is partnering with schools and businesses in numerous ways to help make sure Champaign County has the skilled workforce required by new and expanding businesses. Results of these partnerships include:
Future development
For more information, call the CEP at 937-653-7200 or browse CEPOhio.com. |
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