April 25, 2020 Federal Update: COVID-19
President Trump Signs $484 billion Relief Package
President Donald Trump signed a $484 billion relief package Friday April 24 to provide further aid to employers, hospitals and health organizations conducting testing for COVID-19.
The bill is Congress’s latest effort to help the roughly 26 million people in the US who have filed for jobless aid in the last five weeks. The funding measure provides:
- An additional $321 billion for the depleted Paycheck Protection Program, of which $60 billion is set aside for underbanked businesses. That includes community-based lenders, smaller banks and credit unions to assist smaller businesses that don’t have established relationships with big banks and had a harder time accessing the funds in the first round of loans. About $10 billion of that would also be allocated for administration fees;
- $60 billion in additional funds for the SBA’s disaster loans and grants programs;
- $75 billion for hospitals and
- $25 billion for coronavirus testing. Of that testing money, $11 billion will go to states and some will also go to the federal government.
Members of Congress are apparently pushing for a fifth relief bill to include aid for state and local governments experiencing a dramatic loss of revenues and increased expenses due to COVID-19.
September 1st Webinar – Multi-Billion Dollar Ohio Solar Industry and Its Benefits for Ohio Communities
Hear from experts about why utility scale solar development is so hot right now in Ohio. Webinar will highlight the multi-billion dollar economic benefits for Ohio communities and the opportunity to create thousands of jobs. Bonus- Ohio University will reveal key findings from the newly published study on the economic impacts of Ohio utility scale solar.read more
This year presented us with a lot of unexpected challenges. But as Ohioans, we don’t give up, and throughout this pandemic, we’ve demonstrated the value of our economic development network. The JobsOhio team is thankful for all you’ve done to help companies and your communities during this time. We have a long road still ahead of us, but JobsOhio believes this is the time to rebuild, improve and seize opportunities.read more
Looking to repeat the positive results of a pilot program implemented in one neighborhood over the past two years, the Montgomery County Land Bank has recently begun two more projects under its Thriving Neighborhoods Initiative.read more