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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 3rd round of CDBG funded short-term working capital assistance grants to small businesses located throughout the City. Applications will be accepted beginning Monday, June 21st at 8 am and will be accepted until funds run out. Funds are limited and will be given on a first-come, first served basis to businesses who return a complete application. In order for an application to be considered complete, all required documentation must be submitted with the application. The City must cap this funding at $230,000.00. In order to qualify you must meet the following criteria:
- Primary place of business MUST be located in the City of Cuyahoga Falls
- Be a small business as defined by HUD and the SBA
- Must create and/or retain 1 permanent part-time job for a low-to-moderate income individual
Complete applications or questions can be emailed to Peggy Szalay (CDBG Entitlement Administrator) at email@example.com.
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.
- Amended Director’s Stay at Home Order – amended 4/2/20
- Guidelines for Essential Businesses and Operations Employers
- Responsible Restart Ohio - Ohio Department of Health
- Stay at Home Order FAQ
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)
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.
updated program guidelines (MODIFIED MAY 11, 2020)
- ArtsNow Resources for Nonprofits, Artists, and Contract Workers
- BWC FAQ
- Covid-19 Main Street America Resources
- Families First Coronavirus Response Action: Employee Paid Leave Rights
- Greater Akron COVID-19 Resource Guide
- The Office of Small Business Relief (OSBR) is focused on identifying and providing direct support to the state's nearly 950,000 small businesses to help during the current public health crisis and to position them for a strong rebound.
- One-Time Liquor Rebate Program: The one-time Liquor Rebate Program is designed to help Ohio bars and restaurants as they navigate reopening in the coming weeks.
- US Chamber Emergency Loans Small Business Guide
- US Department of Labor Occupational Safety & Health Administration COVID-19 information