In addition to the strain on our healthcare system, the COVID-19 pandemic has significantly impacted many small businesses. These programs listed and links provided will connect you with local, state and federal resources for relief.
Coronavirus Aid, Relief and Economic Security (CARES) Act
The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) provides financial aid to families and businesses impacted by the COVID-19 coronavirus pandemic. The Small Business Administration (SBA) and the Department of Treasury have provided information that will guide the programs created through the CARES Act. To stay up to date on the implementation of these programs, please visit the following websites:
SBA – Find information on all COVID-19 related programs that SBA is providing, including the Paycheck Protection Program, Economic Injury Disaster Loans and Emergency Grants, and Small Business Debt Relief.
Department of Treasury – Find information on programs and tax provisions meant to help employers, including non-profits.
Download the Small Business Owner’s Guide to the CARES Act.
Economic Injury Disaster Loan Program
In response to the Coronavirus (COVID-19) pandemic, small businesses are eligible to apply for an Economic Injury Disaster Loan advance of up to $10,000. The SBA’s Economic Injury Disaster Loan program provides small businesses with working capital loans of up to $2 million that can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing.
Click here to begin the application process.
Temporary Indoor Dining Program
Resolution 2021-3 provides dining options that best suit the individual needs of patrons and restaurant owners. For more information click HERE.
Other News and Resources
Ohioans can apply for unemployment benefits online 24 hours a day, seven days a week, at unemployment.ohio.gov. It is also possible to file by phone at 877-644-6562 or TTY at 888- 642-8203, Monday through Friday 7AM to 7PM, Saturday 9AM to 5PM, and Sunday 9AM to 1PM. Employers with questions should email UCTech@jfs.ohio.gov.
The State created the Office of Small Business Relief to better coordinate efforts to identify and provide support for Ohio’s small businesses. Visit the Office of Small Business Relief website to learn more. In October, the State of Ohio announced several new small business funding opportunities. The Bar and Restaurant Assistance Fund is designed to assist Ohio’s on-premise liquor permit holders. This $37.5 million fund will help those licensees significantly impacted by COVID-19 and limited in the full use of their liquor permit. Funding for this program is from the CARES Act.
In response to COVID-19, Cuyahoga County, in partnership with the Economic & Community Development Institute (ECDI) and other partners, has launched a Small Business Resource Center. The Small Business Resource Center and Call Center provide technical assistance and information about financial resources to assist small businesses in our community navigate during these economic times.
Visit the Regional Income Tax Authority (RITA) news page for updates regarding tax filing updates.
CITY of NORTH OLMSTED
5200 Dover Center Road
North Olmsted, OH 44070
City Hall Hours | Weekdays 8:00 AM to 4:30 PM