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Help for Businesses

 

CDBG COVID 19 EMERGENCY FUNDING GRANT

The City of Cuyahoga Falls Department of Community and Economic Development has received an additional Community Development Block Grant (CDBG) award for COVID-19 relief and is opening a second round of CDBG funded short-term working capital assistance grants to small businesses located throughout the city.

Applications will be accepted beginning Monday, September 7, 2020, at 8:00 a.m. through Friday, September 25, 2020, at 5:00 pm. Funds are limited and will be given on a first-come, first served basis to businesses who return a complete application. For an application to be considered complete, all required documentation must be submitted with the application. The City must cap this funding at $100,000.00. 

Please click here for more information and to apply. Applications will not be accepted before September 7th.

State of Ohio Business Resources

Businesses and employees are able to access resources related to COVID-19 at www.coronavirus.ohio.gov/BusinessHelp. This site includes information on unemployment benefits, the Small Business Administration’s Economic Injury Disaster Loan Program, the Liquor Buyback Program, modified rules for trucking, the delay of BWC Premiums, etc.

Small Business Administration

The Small Business Administration (SBA) is available to assist small businesses with accessing federal resources. Resources are available at www.sba.gov.
Local SBA Office:  Cascade Capital Corp, One Cascade Place, 7th Floor, Akron, OH 44308 (330-379-3169)

CARES ACT

On Friday, March 27, 2020, the President signed into law the CARES Act, which contains $376 billion in relief for American workers and small businesses. In addition to traditional SBA funding programs, the CARES Act established several new temporary programs to address the COVID-19 outbreak.

In addition to traditional SBA funding programs, the CARES Act established several new temporary programs to address the COVID-19 outbreak.

  • Economic Injury Disaster Loan Emergency (EIDL) Advance: This loan advance will provide up to $10,000 of economic relief to businesses that are currently experiencing temporary difficulties.
  • Paycheck Protection Program: This loan program provides loan forgiveness for retaining employees by temporarily expanding the traditional SBA 7(a) loan program. 
  • SBA Debt Relief: The SBA is providing a financial reprieve to small businesses during the COVID-19 pandemic.
  • SBA Express Bridge Loans: Enables small businesses who currently have a business relationship with an SBA Express Lender to access up to $25,000 quickly.

CARES Act Presentation by Terri Brunsdon

Summit County Public Health
Ohio Means Jobs Summit County

 

Summit County COVID-19 Small Business Emergency Relief Grant Program

The Summit County COVID-19 Small Business Emergency Relief Grant Program (the “Program”) will provide small business grants of up to $5K for Summit County small businesses that have been economically disadvantaged by the COVID-19 pandemic.

Funds in excess of $1.2 million have been committed to the grant program with a combination of general fund dollars and Community Development Block Grant funds.  Summit County is leading this investment with more than $750,000 committed.  The City of Akron has committed $100,000 and Jump Start in collaboration and partnership with the KeyBank Boost and Build Program (https://boostandbuild.org/) has also committed $100K.  In addition, a number of communities including Barberton, Bath Township, Copley Township, Coventry, Cuyahoga Falls, Fairlawn, Green, Mogadore, Norton, and Tallmadge have also committed funds to the grant program.

More...

updated program guidelines (MODIFIED MAY 11, 2020)

 

Other Resources