Economic help for Local Businesses, Individuals and Families

Updated March 31, 2020

Economic Impact Payments to Individuals

Curious about the economic impact payments. Learn more on irs.gov. Click Coronavirus Tax Relief for other information from the Internal Revenue Service.

Attorney General Dave Yost cautioned Ohio citizens to watch out for scams when they receive their stimulus payments. Link to press release here. 

Ohio Department of Health

Resources for economic support for businesses, individuals, and families, https://coronavirus.ohio.gov/wps/portal/gov/covid-19/home/Resources-for-Economic-Support/econ.

Small Business Administration’s (SBA) Economic Injury Disaster Loan Program

Ohio small businesses and nonprofits are now eligible to apply for up to $2 million, a low-interest loan through the SBA. Apply online at https://www.sba.gov/funding-programs/disaster-assistance, which is recommended, or call (800) 659-2955. The SBA is receiving a high volume of calls. You may also contact your local lender for help with SBA loans. Contact the Local SBA Branch Office in Cincinnati with questions. 

The U.S. Small Business Administration (SBA) has provided additional guidance regarding the $10,000 forgivable loan advance in accordance with the CARES Act. To be eligible for the $10,000 forgivable loan advance, businesses will need to complete the new application that launched on March 30, even if they have already completed one of the prior versions of the application or if the business has already been declined for a loan.

Go to this link for the Small Business Owner Guide to the CARES Act.

REDI Cincinnati

Cincinnati’s regional economic development partner has prepared a list of resources for businesses responding to the challenges of COVID-19. You can find the resource list on their website: https://redicincinnati.com/covid-19-resources

HCDC

HCDC, formerly Hamilton County Development Corporation, helps build businesses and promote job creation through business incubation, business lending, and economic development services.  They have created a COVID-19 Business Resource Guide that includes links to Federal, State and County resources plus a guide to free collaboration tools for businesses on their website: https://hcdc.com/.  Go to this link for the Small Business Owner Guide to the CARES Act.

Liquor buyback

The Ohio Department of Commerce will immediately begin offering a liquor buyback option to support bars and restaurants. This is intended to aid those establishments that have stocked up on high proof liquor, but now are facing closure to in-house patrons. Bars and restaurants can return unopened, high proof liquor products (obtained within the past 30 days) to the agency where they purchased the product. Questions about this program should be directed to the Liquor Enterprise Service Center at 1-877-812-0013 or OhioLiquorInfo@Com.Ohio.gov.

Support Local Ohio

Ohio businesses may list their business on this Support Local Ohio website.  Residents can search the database for online shopping that features unique Ohio businesses, carry-out options from favorite local businesses, and locate virtual attractions and activities from Ohio museums, libraries, and destinations.