Paycheck Protection Program deadline extended to May 31
SBA to open Shuttered Venue Operators Grant next week
New round for TechCred applications opened Thursday
SBDC again offers Profit Mastery course to Ohio businesses
Food product companies can learn how to begin exporting
Ohio to Offer Workplace Vaccination Clinics
Governor Mike DeWine announced that Ohio will begin working with employers and other organizations to offer workplace vaccination clinics throughout Ohio. Beginning the week of April 12, 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, and other organizations to vaccinate their employees at their work locations.
The Ohio Department of Health has produced a document with vaccination guidance for 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 Increases
COVID-19 cases are rising in Ohio, as the number of cases per 100,000 people jumped to 167.1 over the past two weeks. That’s an increase from the 146.9 cases per 100,000 people reported last week. Ohio reached a peak of 845 cases per 100,000 in December. The rate had been falling and was down to 143.3 cases per 100,000 two weeks ago.
When the rate drops to 50 cases per 100,000 over a two-week period, all health orders will be lifted, according to Governor Mike DeWine.
The 167.1 rate of cases is considered high incidence by the federal Centers for Disease Control and Prevention. Governor DeWine continues to urge Ohioans to get vaccinated and to wear a mask, practice social distancing, and wash hands frequently.
Governor DeWine said that as Ohio continues to receive increases in its vaccine allotment, the state will allot more doses to areas that are seeing case spikes or increases in vaccine demand.
Federal Government Provides Small Business Assistance
The U.S. Small Business Administration’s current relief efforts can be found at sba.gov/coronavirusrelief, and more details will be available in the coming weeks.
Paycheck Protection Program: The deadline for applying for federal financial help through the Paycheck Protection Program has been pushed back to May 31. The program had been scheduled to end on Wednesday, March 31. The program is administered by the SBA. For more information, click here.
Shuttered Venue Operators Grant: The SBA has launched a splash page for the Shuttered Venue Operators Grant application portal in anticipation of opening applications for the economic relief program on Thursday, April 8. As the SBA prepares to open the program, the dedicated SBA website, www.sba.gov/svogrant is the best source for information for those looking to apply for a grant. The website includes frequently asked questions, video tutorials, and other details. To prepare for the application portal opening on April 8, potential applicants should get registered in the federal government’s System for Award Management (SAM.gov), as this is required for an entity to receive a grant.
Restaurant Revitalization Fund: Restaurant owners should be watching for the launch of the Restaurant Revitalization Fund to be administered by the U.S. Small Business Administration. The SBA has not released details about the fund yet, but news reports indicate the agency plans to launch the program within weeks. The National Restaurant Association has produced a document that includes some details of the fund. To access the pdf, click here. The SBA announced on social media this week that SAM.gov registration will not be required for this program.
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. Starting the week of April 6, the SBA is raising 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, on March 16, 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.
New Round for Ohio TechCred Opened Thursday
A new application period for Ohio’s TechCred program opened Thursday, April 1. Companies can apply until 3 p.m. April 30.
Since the program started, 1,168 Ohio employers have been approved for funding, supporting the earning of 19,841 tech-focused credentials by Ohio employees.
Lt. Governor Jon Husted, in his capacity as Director of the Governor’s Office of Workforce Transformation, announced that In-Demand Jobs Week will take place May 3-7.
In-Demand Jobs Week is designed to promote Ohio’s most in-demand and fastest growing industries through statewide hiring, education, and training events. This year, In-Demand Jobs Week will feature all of Ohio’s top jobs, including critical jobs focusing on the health and well-being of Ohioans, such as child care workers, home health aides, and firefighters.
Throughout the week, businesses, education providers, community organizations, and more are encouraged to plan unique, virtual opportunities that will inspire students and job seekers to pursue a job in Ohio. From virtual tours and roundtables to virtual career-tech signing days and online job fairs, In-Demand Jobs Week is an opportunity to highlight what Ohio has to offer.
Organizations can visit TopJobs.Ohio.gov to add their event to the official In-Demand Jobs Week map. Individuals interested in attending an event can use this map to find events near them.
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.
Companies selling processed food, beverages, and agricultural products can benefit from an upcoming online seminar.
The Development Services Agency and the Food Export Association of the Midwest will host the event, entitled Best Practices to Start Exporting. The seminar will be led by Dennis Lynch, the Food Export Helpline counselor and experienced professional in international trade.
Companies will learn valuable insights, skills, and requirements on how to export food products into international markets. The seminar will prepare companies to become export-ready, avoid common mistakes, and navigate the tools of the trade, including classification, duties, regulations, and documentation for exports.
The seminar will be from 9 a.m. to noon on May 5. For more information and to register, click here. The cost is $25.
More Counties Drop to Orange Level
More Ohio counties have dropped from Level 3 (Red) in the Ohio Public Health Advisory System this week. This week’s Advisory System map shows there are now five counties at Level 1 (Yellow) and 32 counties at Level 2 (Orange). That leaves 51 counties at the Level 3 (Red), compared to 55 counties last week. To review the Ohio Public Health Advisory System information, 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.
Ohio University-supported Stirling Ultracold, a privately held developer and manufacturer of ultra-low temperature (ULT) freezers, signed a definitive merger agreement in March to be acquired by publicly traded BioLife Solutions.
The size of the acquisition makes it the largest venture-backed exit in southeast Ohio and one of the larger exits in the state, said Lynn Gellermann, executive director of TechGROWTH Ohio and Ohio University’s Voinovich School of Leadership and Public Affairs’ associate dean of innovation partnerships.
“This merger is a testament to the partnership between Ohio University and Ohio Third Frontier, along with the Ohio Development Services Agency, to form TechGROWTH Ohio, and the role that higher education and the state can play in building tech-based economic development in rural communities,” he said.
TechGROWTH Ohio, a program of Ohio University’s Voinovich School of Leadership and Public Affairs, was the original lead investor in Stirling Ultracold at its inception in 2010 and provided multiple rounds of follow-on funding during the company’s startup and growth stages. TechGROWTH also provided services to the company, including business plan development, service on the board of directors, executive recruitment, and investor network development. The Ohio Innovation Fund, an early-stage venture fund founded by Ohio University, Ohio State University, and Kent State University, also became another investor.
An emerging, world-class manufacturer of ULT freezers based in Athens, Stirling Ultracold has helped to build the local economy of southeastern Ohio, employing more than 150 highly skilled employees located mostly in the region. Following the early second quarter 2021 close of the transaction, BioLife intends to keep the Stirling Ultracold brand and staff members intact.
In the past year, Stirling Ultracold has been at the forefront of COVID-19 vaccination efforts by providing the only line of ULT freezer systems capable of storing any mRNA vaccine requiring -20°C to -86°C thermal protection, earning national attention and escalating global sales.
We’re Pushing News and Information on Social Media
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.