HAMILTON COUNTY COVID-19 RELIEF PROGRAM FOR SMALL BUSINESS
Hamilton County has announced a COVID-19 Relief Program intended to aid small business that have not already received federal funding. Details about the program including eligibility requirements and a mechanism for signing up and to receive additional information click here.
As many of you are aware, the Coronavirus Aid, Relief, and Economic Security (CARES) Act allocated $350 billion to help small businesses to keep workers employed amid the pandemic and economic downturn. Known as the “Paycheck Protection Program,” the initiative provides 100% federally guaranteed loans to small businesses who maintain their payroll during this emergency. Importantly, these loans may be forgiven if borrowers maintain their payrolls during the crisis or restore their payrolls afterward. Click the image for more details on the program.
Click here to view lending options: https://www.sba.gov/funding-programs/loans/coronavirus-relief-options
- Remote workers
- Furloughs & unemployment
- New FMLA
- New paid leave
- Accommodation requests
- “Reasonable suspicion” of CVD infection
- Travel restrictions
- Downsizing – do and don’ts
- Creative staffing and compensation changes, e.g., hours reduction, days elimination – must consider FLSA
- Benefits changes and cost-saving measures, e.g., reduce, suspend 401K
- Benefits in demand right now, e.g., Doctor On Demand, EAP, and more
- Stimulus packages
- Federal initiatives
- Employee support
- Employment opportunities
- Company policy & practice considerations
- Individual company support, if requested
- Scaling down to mission and critical operations
- Planning for staffing modifications
- Determining business impact
- Maintaining effective communications to stakeholders
- Leveraging technology to continue with operations
- Testing and supplies
- Updates on Master Service Agreement (MSA)
- Center for Disease Control (CDC) recommendations
- Mental health resources
On March 16, 2020, Governor DeWine issued an order affecting Unemployment benefits in Ohio. The order includes some important provisions for businesses and their employees, including:
- Defines unemployed workers as any individual who is not eligible for paid sick leave from their employers and has been asked to stay home by their employer, medical professional or local authority even if they are not diagnosed with COVID-19.
- Work Search requirements for benefit recipients are waived.
- Benefits will not be charged to the employers account, but will be mutualized.
- Penalties for late reporting and payments will be waived for employers affected by COVID-19.
Click the logo to access the Cincinnati USA Regional Chamber COVID-19 Business Resource Updates.
Coronavirus Information for Businesses from Cincinnati USA Regional Chamber.
The U.S. Chamber has compiled CDC’s coronavirus recommendations for businesses and workers across the country. We continue to encourage American businesses to follow data-based guidance from the CDC and state and local officials. More info here
The Families First Coronavirus Response Act created new temporary paid sick leave and paid Family and Medical Leave Act (FMLA) programs that are 100% reimbursable by the federal government. The effective date of both programs is April 1 and they expire on December 31, 2020. More info here
This is a collection of important information and essential resources for business owners, consumers, employers, employees, parents, students, veterans - anyone and everyone. We will be updating frequently so check back often.
We're all in this together. Whoever you are, the Better Business Bureau Cincinnati is here for you! Click the BBB logo to access our resource guide.
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