It is heartening to see the economic development community come together across Ohio and the country to help protect the economy. OEDA will do all that we can to provide factual information and helpful resources you need as leaders in those efforts.
We are committed to providing Ohio’s economic development community with resources to help practitioners best serve their business community during the COVID-19 outbreak. We believe one of the most helpful roles OEDA can play is curator; sifting through and summarizing the vast amount of information so you can focus on what you need as professionals.
There is both an overwhelming number of questions AND an overwhelming amount of information. OEDA will use its COVID-19 Resource Center as the clearinghouse for that information rather than flooding your inbox with multiple communications each day. We encourage you to check this site frequently for new information and resources.
April 6, 2020 OEDA Webinar
“OEDA Meeting with Lt. Gov. Husted”
For the recorded webinar click HERE.
March 27, 2020 OEDA Webinar
“COVID-19: What Economic Developers Need to Know”
The webinar included a question and answer segment. Below please find additional information related to some of the questions.
Paycheck Protection Program
Click HERE for additional information on the Paycheck Protection Program.
For the recorded webinar click HERE.
For a printable copy of the slides (PDF) click HERE.
- The Ohio Legislature passed a bill on March 25 (HB 197) that will address many challenges caused by the COVID-19 crisis, especially public meetings, and will likely allow public entities to meet remotely provided there is sufficient public access to video or telephone communications. Governor DeWine is expected to sign it shortly. For guidance on public meetings in the interim click HERE.
Lt. Governor Jon Husted announced that the Governor’s Office of Workforce Transformation has developed a website specifically geared toward matching essential businesses with Ohioans who are able and willing to work as an essential employee during the COVID-19 crisis.
- On March 22, 2020 Governor Mike DeWine announced that Ohio Department of Health Director Amy Acton signed a Health Director’s order he referred to as a “stay at home” order, essentially a shelter in place order as seen in other states. Certain businesses are exempt from the order if they meet a two-part test. First, the business must meet the criteria of an Essential Business and Operation. Second, the business must be able to follow specific social distancing requirements.
The Ohio Manufacturers Association has provided a legal analysis, drafted by OMA counsel Bricker & Eckler, of Ohio’s stay-at-home order and its impact on manufacturers. It covers a range of topics, including the order’s definition of “essential business” and enforcement provisions. OMA has also released a Frequently Asked Questions document for manufacturers. The document is not legal advice and is designed only as guidance and general reference. The Q and A format is an easy to use resource and you can locate information quickly.
Even if businesses are “essential” under the Stay at Home Order, they must still comply with its safety mandates. For more guidance on safety and social distancing guidelines click HERE.
For guidance as to employee absences and leave policies, click HERE.
FEDERAL NEWS & RESOURCES
- On March 6, Congress passed and President Trump signed into law H.R.6074 – Coronavirus Preparedness and Response Supplemental Appropriations Act, an $8 billion emergency funding measure for government entities such as the Department of Health and Human Services, the Center for Disease Control and Prevention, the National Institute of Health, the Indian Health Service, and the Food and Drug Administration. This measure is intended to develop and purchase vaccines, medical supplies and products, as well as provide state and local governments with preparedness grants, training and other forms of assistance.
- On March 18, President Trump signed into law H.R. 6021, the Families First Coronavirus Response Act. This legislation provides free testing, paid emergency leave to qualified employees, increased Medicaid funding and expanded unemployment insurance, nutritional assistance and small business loans. It expands the Family Medical Leave Act (FMLA) to cover 14 days paid sick leave, then 10 additional weeks of FMLA leave paid at two-thirds the regular pay rate. Employers with less than 50 employees and greater than 500 employees are exempted.
- The CARES Act is the third bill to provide assistance towards the adverse economic impacts of the coronavirus, including targeted economic relief through grants, loans, tax incentives, or tax credits to affected industries. The bill will provide $2 trillion in economic aid to individuals and businesses impacted by the coronavirus public health emergency. The bill will provide for $1,200 relief checks to many Americans, create a $367 billion loan program for small businesses, and establish a $500 billion lending fund for industries, cities and states.
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, as well as individuals who are self-employed or are independent contractors, are eligible if they also meet program size standards. Eligible recipients may qualify for a loan up to $10 million determined by 8 weeks of prior average payroll plus an additional 25% of that amount.
- Eligible recipients may qualify for a loan up to $10 million determined by 8 weeks of prior average payroll plus an additional 25% of that amount.
- Loan payments will be deferred for six months.
- If employers maintain their workforce, SBA will forgive the portion of the loan proceeds that are used to cover the first 8 weeks of payroll and certain other expenses following loan origination.
STATE ASSISTANCE & TOOLS
The State of Ohio’s COVID-19 resource center is a one-stop location for information on the COVID-19 outbreak in Ohio including the number of cases, hospitalizations, ICU admissions, and deaths.
Economic Damage Assessment Survey
Ohio Development Services Agency has made a survey available to help determine damage related to economic impacts in Ohio. The survey is not an application. However, federal, state or local agencies may reach out to those who indicate their interest by completing the survey AND providing contact information. Please note, survey responses are public record and must be made available to the public and media upon request. However, information provided in the “Economic Damage” section of the survey is considered confidential business information and will not be subject to a public record request.
Small Business Considerations During Covid-19 Outbreak
Ohio Development Services Agency has compiled a list of helpful action steps, tips and resources for small business trying to manage through the COVID-19 Outbreak. The document is available as a printable PDF and it may be helpful to share copies of the resource sheet with your small businesses.
JobsOhio has added a resource section, including helpful links for Ohio’s business community, on its website. Jobs Ohio has also undertaken the following actions and efforts:
Loan Portfolio Interest and Payment Holiday
- For businesses with a current JobsOhio’s existing loan only
- Payment deferment (no interest and no principal payments) for the next six months.
- Fifty companies are eligible, with over 9,500 employees around Ohio.
Workforce Retention Loan (A program for existing JobsOhio client businesses only)
- Forgivable, six-month interest-free loan to companies who would use the loan to retain their workforce
- Targeted to medium size private companies with least $50,000/month in hourly payroll workers.
- After 6-months, if employees are still working, the loan is forgiven.
JobsOhio will invest up to a $100 Million, impacting and supporting thousands of workers across Ohio.
Program & Policy Adjustments
- For existing JobsOhio client businesses only
- Expands allowable expenses and near-term relaxed compliance audit.
- Allow for expenses such as work from home technology and equipment and services to implement guidance associated with COVID-19.
Statewide Liquor Buy Back
- Executing an alcohol buy-back initiative allowing bars, restaurants, and F2 permit holders (non-profits) to return surplus product purchased in the last 30 days for a full refund upon return of their supply.
- Nearly 800 buyback requests have been made to-date.
The Ohio Manufacturing Alliance to Fight COVID-19 was created to help ensure that health care workers have the protective equipment they need. The Alliance is working with manufacturers by help them learn what types of equipment are most needed and how to adapt current products, operations and personnel to shift to manufacturing PPE if possible.
SharedWork Ohio 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 Ohio Department of Job and Family Services provides an unemployment insurance benefit proportionate to their reduced hours.
- Rapid Response Team (WARN)
The Ohio Department of Job and Family Services offers a Rapid Response Team for employers. This service assists employers with transitions such as layoffs and includes assistance with the WARN Act (a federal requirement which provides protection to workers, their families, and communities by requiring employers to provide written notice at least 60 calendar days in advance of mass layoffs and plant closings), resources to make it easier for employees to file for unemployment benefits and employment services to help displaced workers find employment as quickly as possible.
- For a summary of relief measures offered by the state to employers, click HERE.
Small Business Administration
The SBA has released new guidance on their programs that are useful during the COVID-19 crisis.
Economic Injury Disaster Loans and Loan Advances
The advances can be up to $10,000 and small business owners in all U.S. states, Washington D.C., and territories are eligible to apply. The loan program provides small businesses with working capital loans of up to $2 million to help overcome the temporary loss of revenue they are experiencing. To apply for a COVID-19 Economic Injury Disaster Loan, click HERE.
- SBA EIDL Loan Process Overview
- FAQ & Tips for Applying for an EIDL from the SBA
- EIDL Webinar on YouTube
SBA Express Bridge Loans
Express Bridge Loan Pilot Program allows small businesses who currently have a business relationship with an SBA Express Lender to access up to $25,000 with less paperwork. These loans can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing and can be a term loans or used to bridge the gap while applying for a direct SBA Economic Injury Disaster loan. If a small business has an urgent need for cash while waiting for decision and disbursement on Economic Injury Disaster Loan, they may qualify for an SBA Express Disaster Bridge Loan.
CARES Act SBA Loan Program
The Paycheck Protection Program was established Under the CARES Act. Under this program, approximately $349 billion has been allocated to fund federally backed small business loans through the expansion and modification of the Small Business Administration (SBA) 7(a) loan guaranty program in order to keep employees of small businesses employed during this time
Occupational Safety & Health Administration
OSHA Guidance on Preparing Workplaces for COVID-19