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COVID-19 Help for North Royalton Ward 3 Small Businesses

(Last Updated on March 15, 2021 at 12:30am)

Below are listed some helpful resources for Ward 3 Small Businesses. Also small businesses are encouraged to also look at the Financial Programs Page as many of these will apply to your business too. Business owners considering a layoff or reduction in staff are encouraged to look at the Taking Care of Your Employees Page.

  • If you are looking for employees, or you are a current job seeker looking for work at an essential visit, please visit this site to post and search for job opportunities:https://jobsearch.ohio.gov/wps/portal/gov/jobsearch
  • Current economic relief opportunities –Squire, Patton, Boggs
  • SCORE (the Service Corps of Retired Executives) has created a Coronavirus small business resource hub
  • The U.S. Chamber of Commerce developed a Small Business Guide for Covid-19 Loans.
  • You may also wish to review if your business interruption coverage or if the Corona Virus damage to property can be covered by your insurance policy.
  • You can learn more about the Paycheck Protection Program that helps small businesses pay up to 8 weeks of payroll costs, including benefits. Apply here.
  • Learn more about the Families First Coronavirus Response Act: Employer Paid Leave Requirements that affects all private employers with fewer than 500 employees. You may also download a poster on employee rights for this act.
  • The Small Business Administration’s Economic Injury Disaster Loan Assistance program.
  • Tax filings and payments may be deferred until July 15th. The Treasury Department will not be applying any interest or penalty on amounts normally due with the 2019 return up to $1 million for individuals (including the self-employed) and up to $10 million for corporations. Read the publication here.
  • For bar and restaurant owners that have stocked up on alcohol in expectation of brisk sales during St. Patrick’s Day, NCAA tournaments or other events that drive bar / restaurant traffic, owners of these establishments have a time-limited opportunity to return unopened, high proof liquor products purchased from February 13thto March 15th, 2020 back to the agency of purchase. For more information please contact 1-877-812-0013 or ohioliquorinfo@com.ohio.gov
  • The National Restaurant Association also has created a coronavirus information and resource page.
  • On October 26, 2020 it was announced that Governor Mike DeWine has designated up to $125 million of funding received by the State of Ohio from the federal CARES Act to provide $10,000 grants to small businesses to help them through the current crisis. The program, which will begin accepting applications November 2, 2020, will be administered by the Ohio Development Services Agency. Click Here to learn more.
  • The Bar and Restaurant Assistance Fund is designed to assist Ohio’s on-premise liquor permit holders.  $38.7 million of funding received by the State of Ohio from the federal CARES Act has been designated to provide $2,500 assistance payments to on-premise liquor permit holders to help them through the financial difficulties experienced during the COVID-19 pandemic. These permit holders have not been able to fully use their liquor permit and it’s had an impact on their business. The program, which will begin accepting applications November 2, 2020, will be administered by the Ohio Development Services Agency. Read More.
  • The Small Business Relief Grant is designed to provide relief to Ohio businesses that have been negatively affected by COVID-19. Governor Mike DeWine has designated up to $125 million of funding received by the State of Ohio from the federal CARES Act to provide $10,000 grants to small businesses to help them through the current crisis. The program is administered by the Ohio Development Services Agency.
  • $4 million is now available for local businesses through Round 3 of the Small Business Stabilization Fund. Business owners can receive up to $10,000 in grants to help with rent, utilities and other business expenses. Applications begin November 23, 2020 and close December 3, 2020 and grants will be distributed shortly after. Cleveland Neighborhood Progress will administer the third round of grant deployment. Click Here to apply.
  • Emergency Funding Options for North Royalton Small Businesses.
  • Responsible RestartOhio
  • Businesses/Employers – COVID-19 Checklist from State of Ohio.
  • The State of Ohio has created an Office of Small Business Relief to coordinate efforts on behalf of Ohio’s 950,000 small businesses amid the Coronavirus pandemic. The website also has information on unemployment benefits and answers for frequently asked questions on federal and state assistance. Please visit businesshelp.ohio.gov to learn more.
  • On March 11, 2021, President Biden signed the American Rescue Plan Act into law, which provides additional relief for the nation’s small businesses and hard-hit industries for programs the SBA is currently administering and adds new efforts. Specifically, the new law includes:
    • $7.25 billion additional for the Paycheck Protection Program, including to expand eligibility to additional nonprofits and digital news services
    • Additional funds are allocated for the Shuttered Venue Operators Grant program, and now allows businesses to apply for both a PPP loan after Dec. 27, 2020, and the SVOG
    • $15 billion additional for Targeted Economic Injury Disaster Loan Advance (EIDL) payments, including NEW $5 billion for Supplemental Targeted EIDL Advance payments for those hardest hit
    • NEW: $28.6 billion for the Restaurant Revitalization Fund for industry-focused grants
    • NEW: $100 million to establish a Community Navigator pilot program; grants will go to eligible organizations supporting efforts to improve access to COVID–19 pandemic assistance programs and resources.
    • Click Here for more information.

North Royalton Small Business Owners COVID-19 Relief Fund