JobsOhio Actions Support Businesses During COVID-19 Crisis

Mar 30, 2020 | News, Newsletter

JobsOhio has taken several actions to support Ohio businesses during the COVID-19 crisis.  JobsOhio has modified current programs and created temporary programs to provide flexibility and support cash needs of medium and small businesses.   These actions support a strategy to address immediate needs while looking toward the near future. 

JobsOhio wants to do as much as it can to make an impact in the near term, while keeping JobsOhio and the JobsOhio Network well positioned to support Ohio’s re-emergence on the other side of COVID-19. In addition to the actions listed below, JobsOhio has created a COVID-19 resource page on its website to help Ohio’s businesses navigate the changing landscape created by coronavirus disease 2019 (COVID-19).

JobsOhio actions include:

  • 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. This buy-back has a potential of providing restaurant and bar owners across Ohio up to $30 Million total savings. Nearly 800 buyback requests have been made to-date.
  • Loan Portfolio Interest and Payment Holiday (A program for businesses with a current JobsOhio 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.
  • Program & Policy Adjustments (A program for existing JobsOhio client businesses only)
    • Expand 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.  Fund upfront vs. reimbursement.
  • Market Research, Analysis & Reporting / Resources and Communications
    • Economic Impact Memo to broad based statewide stakeholders several times a week to with updates on global, national, and Ohio economic/Coronavirus-19 trends. Sector specific Business resources website to re-enforce guidance provided by State of Ohio and resources for Ohio companies.
  • 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 {this would act as a credit line for payroll}. 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.  This loan will impact and support thousands of workers across Ohio.

In Memoriam – The Life of Dan Evers

I first met Dan in the fall of 2016.  I had moved to Central Ohio over the late holiday season in 2015 to begin serving as the new Director of GROW Licking County CIC, Dan’s former role.  I was immediately struck by many in the community who worried that I would “not be enough,” that the “shoes were too big,” and that “Dan was larger than life.”  And they were right. 

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OEDA 2022 Annual Excellence Awards – Call for Nominations

The Ohio Economic Development Association’s annual Excellence Awards program recognizes the achievements of individuals and organizations in Ohio in the areas of economic and workforce development.  Submit your nominations today and have excellence in your community recognized statewide!

A panel of judges will evaluate the nominations, determine finalists, and select a winner for each of the categories noted below.  Award winners will be announced in conjunction with the 2022 OEDA Annual Summit, being held October 3-6 at the Exchange at Bridge Park in Dublin, Ohio. 

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