Support For Small Businesses

Stay Local-Support Local

The Village is following Governor DeWine’s and the Ohio Health Department’s recommendations to promote prevention activities to slow the spread of the COVID-19 virus. During the #StayatHome order, the Governor has deemed that restaurants can continue to operate carry out activities. Please consider supporting restaurants in the Village of Richfield who continue to operate via carry out and delivery methods. 

COVID-19 Small Business Resources

GREATER AKRON COVID-19 RESOURCES GUIDE at www.GACCOVID19.org. 

* UPDATE * APRIL 7 *  SUMMIT COUNTY COVID-19 SMALL BUSINESS EMERGENCY RELIEF GRANT PROGRAM

Here is information about the Small Business Grant Program for Summit County businesses.

Over the last week, the Greater Akron Chamber has been working closely with Summit County; the City of Akron; Jump Start Inc. in partnership with the KeyBank Boost and Build Program to create the Summit County COVID-19 Small Business Emergency Relief Grant Program. 

In addition, a number of local municipalities including Bath, Barberton, Copley Township, Coventry, Cuyahoga Falls, Fairlawn, Green, Mogadore, Norton, and Tallmadge have also committed significant funds to the grant program in support of their small businesses. This grant program will provide more than $1 million in grant funds to Summit County small businesses that meet the eligibility criteria in amounts of up to $5,000.

This message is to let you know that the application for the program is now available. Details about the program and the process are at www.GACCovid19.org/GrantProgram. There is a link to the online application on that page. If you have questions about the program that aren’t addressed online or in the application, please email us at covidgrant@greaterakronchamber.org. Please understand that we are getting a lot of inquiries and we will work to respond as soon as possible.

Please note that eligibility for the program requires applicants to have already applied for an Economic Injury Disaster Loan from the SBA or a Payroll Protection Loan from the SBA through their lender. Details on both programs and links can be found here.

Please note that due to limited resources, the application period for these grants will close on Monday, April 13th or upon the receipt of 400 applications, whichever occurs first. Once we have exceeded that limit, we will continue to accept information from companies so that we may understand the needs of those companies and potentially connect them to other support options. While not eligible for this grant program at this point, those companies may be directed to other resources that may be of help.

We know that we will not be able to satisfy grant requests for every company that applies. However, absent new resources to make additional grants, we will continue to work to identify resources and make referrals for companies that need help to the best of our ability.

General resources for companies and ongoing updates can be found at www.GACCovid19.org. Inquiries about general support and resources can be directed to Covid19@greaterakronchamber.org.  The March 30th Press Release can be found here.  


TEAM NEO ECONOMIC RESOURCES FOR NORTHEAST OHIO 

Visit Team NEO for programs and resources to assist Northeast Ohio’s economic development leaders, employers and the workforce in response to COVID-19. 


U.S. SMALL BUSINESS ADMINISTRATION

We know you are facing challenging times in this current health crisis. The U.S. Small Business Administration is committed to help bring relief to small businesses and nonprofit organizations suffering because of the Coronavirus (COVID-19) pandemic.

On March 27, 2020, President Trump signed into law the CARES Act, which provided additional assistance for small business owners and non-profits, including the opportunity to get up to a $10,000 Advance on an Economic Injury Disaster Loan (EIDL). This Advance may be available even if your EIDL application was declined or is still pending, and will be forgiven.

If you wish to apply for the Advance on your EIDL, please visit www.SBA.gov/Disaster as soon as possible to fill out a new, streamlined application. In order to qualify for the Advance, you need to submit this new application even if you previously submitted an EIDL application. Applying for the Advance will not impact the status or slow your existing application.

Also, we encourage you to subscribe to our email updates via www.SBA.gov/Updates and follow on Twitter at @SBAgov for the latest news on available SBA resources and services. If you need additional assistance, you can find your local SBA office and resource partners at www.SBA.gov/LocalAssistance. If you have questions, you may also call 1-800-659-2955.

Eligibility requirements and applications are available at disasterloan.sba.gov/ela or by calling 1-800-659-2955.

Have the following information on hand when completing the process.

  • complete copies ofyour most recent federal income tax return and
  • a completed and signed IRS Form 4506T, which authorizes the release of tax information.
  • a schedule of liabilities,
  • personal financial statement,
  • monthly sales figures,
  • a current year-to-date profit-and-loss statement, and
  • a year-end profit-and-loss statement and
  • balance sheet for that tax year if the most recent federal income tax return has not been filed.

Additionally, the House passed HR 6201, the Families First Coronavirus Response Act, which was signed into law on March 18, 2020. This legislation guarantees free COVID-19 testing, strengthens food security initiatives, and provides additional funding to states for their unemployment insurance programs. This legislation also includes provisions requiring paid leave and expanding the Family and Medical Leave Act for employers with less than 500 employees. Small businesses with less than 50 employees could receive a hardship exemption and all small businesses that pay paid leave wages under this legislation would receive a 100% tax credit. For more information, please visit the Ways and Means Republican website here.

U.S Department of Homeland Security Act Memorandum on Essential Critical Infrastructure Workers During COVID-19 Response here.


COUNTY OF SUMMIT EXECUTIVE’S OFFICE

Fact Sheet

SBA Working Capital Loans

Emergency Declaration Signed

Small Business Resources and Job Opportunities: https://gaccovid19.org/ and https://www.summitomj.org/now-hiring

Veterans in need contact VSC regarding resources including cash assistance: https://www.vscsummitoh.us/


OHIO DEPARTMENT OF HEALTH

Includes resources for Liquor Buybacks, Publicly Funded Daycares, Transportation Services and more.

https://coronavirus.ohio.gov/wps/portal/gov/covid-19/home/resources-for-economic-support 


MAIN STREET AMERICA RESOURCES
Main Street America has been helping to revitalize older and historic commercial districts for more than 35 years. Made up of small towns, mid-sized communities, and urban commercial districts, Main Street America represents the broad diversity that makes this country so unique.

https://www.mainstreet.org/howwecanhelp/resourcecenter/covid19resources