COVID-19 cases per 100,000 decline to 140.2 this week
Financial course can help Ohio small businesses manage their books
Businesses can learn how to master social media channels
Columbus State is recruiting for Goldman Sachs 10,000 Small Businesses program
Small Businesses Can Get Federal Assistance
The U.S. Small Business Administration’s (SBA) current relief efforts can be found at sba.gov/coronavirusrelief. Here are two key programs:
Restaurant Revitalization Fund: The SBA began accepting applications Monday, May 3, for the $28.6 billion program. Details on application requirements, eligibility and a program guide are available in English at sba.gov/restaurants or in Spanish at sba.gov/restaurantes. The application portal also can be accessed at those pages.
Shuttered Venue Operators Grant: The SBA is now accepting applications for this $16 billion program. To apply and for more information, click here.
Paycheck Protection Program: The SBA announced this week that nearly all funds for the Paycheck Protection Program (PPP) have been exhausted. The SBA will continue funding outstanding approved PPP applications, but new qualifying applications will be accepted only through Community Financial Institutions, which are lenders that serve underserved communities. For more information, including details on PPP loan forgiveness, click here.
COVID-19 disaster loans: The SBA is increasing the maximum amount small businesses and nonprofit organizations can borrow through its COVID-19 Economic Injury Disaster Loan (EIDL) program. The SBA has raised the loan limit for the COVID-19 EIDL program from six months of economic injury with a maximum loan amount of $150,000 to up to 24 months of economic injury with a maximum loan amount of $500,000. Also, the SBA extended deferment periods for all disaster loans, including the EIDL program, until 2022.
Ohio Business Centers Can Help with SBA Applications
Remember that Ohio Small Business Development Centers (SBDC) and Ohio Minority Business Assistance Centers (MBAC) across the state are available to help businesses with the federal application process, including SAM.gov registration. To find a local SBDC, click here. To find a local MBAC, click here.
Businesses Can Arrange Workplace Vaccination Clinics
Ohio has begun working with employers and other organizations to offer workplace vaccination clinics. Vaccine providers can allot up to 25 percent of their vaccine allocation to be used to vaccinate their own employees or to partner with local employers, labor unions, churches, and other organizations to vaccinate their employees at their work locations. Employers and organizations are encouraged to reach out to their local health department and vaccine providers to set up vaccination clinics.
The Ohio Department of Health (ODH) has updated its vaccination guidance for employers and organizations. To read it, click here (PDF). ODH also has guidance for vaccine providers working with Ohio employers and organizations. To read it, click here (PDF).
All Ohioans 16 years old and older are eligible for vaccinations at clinics and sites across the state. Appointments can be scheduled by visiting gettheshot.coronavirus.ohio.gov or by calling 1-833-427-5634 (1-833-4-ASK-ODH).
COVID-19 Cases Per 100,000 Continue Rapid Decline
Ohio's statewide case incidence number dropped significantly again this week to 140.2 cases per 100,000 people over a two-week period. That compares to 155.6 cases per 100,000 people last week, 185.8 two weeks ago, and 200 cases per 100,000 three weeks ago.
Positive trends are showing up in this week’s Ohio Public Health Advisory System map as fewer than half of Ohio’s counties now are at Level 3 (Red) and none is in or near Level 4 (Purple). Now, seven counties are at the lowest level of Level 1 (Yellow), and 43 counties are at Level 2 (Orange). That leaves 38 counties at Level 3 (Red). To review the Ohio Public Health Advisory System information, click here.
Financial Planning Course Available to Ohio Businesses
Beginning June 3, Ohio small business owners may participate in a six-session virtual course in financial management that will give participants the tools and confidence needed to manage their businesses by the numbers.
The program is called Profit Mastery, and it provides independent business owners financial perspective and tools to take advantage of opportunities and deal with challenges.
Participants will attend six virtual sessions and will have access to the Profit Mastery online video curriculum. Any business that has been open at least one year and is interested in exploring new opportunities to increase profitability and manage cash flow during the coronavirus pandemic should attend.
The cost for the course normally is $895, but the Ohio Small Business Development Centers have worked with Profit Mastery so that 400 Ohio businesses will be able to participate at no cost.
Small Businesses Can Apply Now for Goldman Sachs Program
The Goldman Sachs 10,000 Small Businesses program at Columbus State Community College is now recruiting small businesses throughout Ohio to participate in an upcoming cohort.
Goldman Sachs 10,000 Small Businesses is an investment program to help entrepreneurs create jobs and economic opportunity by providing them with greater access to education, financial capital, and business support services. The program provides small business owners with a practical, interactive business education, as well as a one-on-one connection with a business advisor. Small business owners in the program develop a personalized growth plan to help them increase revenues and hire new employees.
Columbus State is currently recruiting business owners based on these criteria:
Be the owner or co-owner of the business.
Have a business in operation for at least two years.
Have business revenues of more than $75,000 in the most recent fiscal year.
Have a business with a minimum of two employees, including the owner.
The deadline to apply is May 26. The upcoming cohort will begin the week of Sept. 13, and the program will use a virtual format. For more information and to apply, click here.
New Course Helps Businesses Master Social Media
An online training course will help businesses take social marketing skills to the next level, including optimizing your presence on the major social networks and creating a sophisticated social marketing strategy.
The Social Media Mastery Training program is hosted by the Ohio Small Business Development Center at Rhodes State College in conjunction with Ohio Small Business Development. It features 25-plus on-demand, master-led social media training courses with access to a like-minded community for support.
This comprehensive, video-based social media training is designed for beginners to experienced social managers. Each lesson offers a guided approach to setup, management, and supportive resources to refer back to as needed. The community is meant to not only train you on the best social media tactics but also to provide ongoing support for your social media marketing initiatives.
The course begins at 4 p.m. May 13, and there is no cost for participants. For more information and to register, click here.
Resources for Ohio Businesses and Venues
For up-to-date information on sector-specific operating requirements, continued closures, and other business resources, click here.
Ohio Emergency PPE Makers’ Exchange Helps Businesses Find PPE
The Ohio Emergency PPE Makers’ Exchange is an online marketplace where organizations that need personal protective equipment (PPE) and related equipment can find a wide selection offered by Ohio manufacturers. This online service is especially well-suited for organizations that may have lower-volume needs.
For more information and to participate in the Exchange, click here.
A list of Ohio Minority Business Enterprise (MBE) and Encouraging Diversity, Growth and Equity (EDGE) certified companies selling PPE and related products and services is available here (PDF).
In addition to the resources available via the Ohio Manufacturing Alliance Makers’ Exchange, another list of vendors providing various PPE is available here (PDF).
DISCLAIMER: Third-party websites not controlled or monitored by Ohio Development Services Agency. Development is not responsible for any materials, information, or content posted on any linked third-party website. The inclusion of any links or contact information in this communication does not imply any relationship or association between Ohio Development Services Agency, the State of Ohio, and the listed business, nor is it an advertisement or endorsement. Information is provided for user convenience and information purposes only. You are responsible for your access to linked websites or contact of any individual or business.
We’re Here to Help!
The Ohio Development Services Agency has many resources to help business owners make it through the current crisis and prepare for a strong future. Here are some of the resources, and most of them are offered at no cost to businesses.
Cleveland Startup Wants to Modernize Vehicle Title Industry
One of the most confusing parts about buying a new car is the title, a piece of paper that establishes the legal ownership of a vehicle. In most cases, the bank financing the car takes possession of the paper, sending a copy to drivers that can be used for the BMV (or DMV) process. The logistics of vehicle titles are often just as complicated and antiquated as the method itself, but Cleveland startup CHAMPtitles wants to fix that.
“We digitize the process of managing, transferring and handling all things related to your vehicle titles,” CEO Shane Bigelow said. “That can be vehicles like cars, boats, or anything movable. These processes weren’t digitized until now. Rather than a federal system that everyone can use, states instead have all developed their own. There’s been a lot of duplication of efforts, and states didn’t see a reason to move to a fully digital option. Then COVID hit, and states started asking, ‘Why do we have people show up in person to do this?’"
Although nearly every industry and process in the country is digitized in some way, the method of issuing, organizing, and accessing vehicle titles has largely been stuck in the 1900s.
“The DMV or BMV is the system of record for your state, which can be good because there’s a government entity that’s determining when something is titled,” Bigelow said. “But what is difficult about government is when the processes are paper-based or labor-intensive. We’ve created a way to leverage the new digital paths states are providing so that other entities can submit digitally. We are the mechanism tying all these processes and entities and governments together. We understand state rules, create the evidentiary support, and get it off to the state in a form that’s acceptable to them.”
The goal of CHAMPtitles is to provide its service for the entire country.
“It’s a massive undertaking to be capable of doing this across all 51 jurisdictions, and we’re not there just yet,” he said. “Our goal is to try and get to as much of the population as possible as quickly as possible. We were fortunate to start here in Ohio, where there was a very forward-thinking view of the way to enable government to get out of the way of business. Through a paperless titles initiative that was put in place through InnovateOhio, there was a path for people to leverage technologies around title and registration and other BMV-related items in Ohio that was unique to the state.”
Development also is using its social media channels to raise awareness of programs and assistance available through the state and federal governments. We also are urging small businesses to reach out to Ohio Small Business Development Centers and Minority Business Assistance Centers around the state for help in applying for federal assistance and to plan for the future.