FAQs Regarding Voluntary Disclosure

In response to the COVID-19 pandemic, state and local government issuers of securities, and others generally obligated to support the payment of such securities, who entered into continuing disclosure undertakings or agreements (CDAs) in accordance with Securities and Exchange Commission (SEC) Rule 15c2-12, may have questions concerning their continuing disclosure responsibilities. The following information provides guidance with respect to some commonly asked questions many issuers and “obligated persons” currently face. (Note that its purpose is to provide information of a general nature on this topic and should not be construed as legal advice.)

Ohio’s Positioned for a Strong Future

We appreciate everything you and your teams have done to mobilize to keep Ohio and its businesses going during this unprecedented pandemic.

Although some numbers may be sobering, there are opportunities for Ohio that spark optimism. Under the leadership of the DeWine/Husted Administration, Ohio has been recognized as one of the top states to respond to COVID-19. We can leverage that attention to make Ohio stronger, built on the foundation of what already makes Ohio great.

Virtual Panels Provide Guidance for Cincinnati Small Businesses

This month, Uptown Consortium, Inc. (UCI) hosted its first virtual panel event to provide resources for small businesses located in the Uptown neighborhoods. Panelists Bob Pickford, Business Coach at HCDC, Inc., and Ella Frye, Director of the Women’s Business Center at the Economic Community Development Institute, discussed emergency relief resources and support services as businesses start to reopen. The online event was free and open to all businesses and nonprofits in the community.

Harrison CIC Creates Downtown Business COVID-19 Loan Program

The Harrison, Ohio Community Improvement Corporation recently established a Downtown Loan Program for businesses affected by loss of sales due to the Ohio COVID-19 rules. Applications were provided to 27 Downtown businesses, and eight of the businesses chose to apply for the $5,000, 1% simple interest loans.