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Resources for Economic Support
Resources for Economic Support

This page will be updated as additional resources and funding become available.

Introduction

The COVID-19 Pandemic has created a great strain on the nation’s healthcare system, but it’s not come without it’s economic difficulties as well. State leaders are working to ensure resources are readily available to Ohio businesses and workers to ensure we all weather this difficult time, remembering we are all in this together.

The links here will connect you with local, state and federal resources and funds for the following impacted categories:

  • Individuals and families: unemployment resources, health insurance relief, school meals and more.
  • Small businesses and non-profits: economic disaster loan program, bar and restaurant relief, daycare ratio updates and more.

Individuals and Families

Businesses & Nonprofits

  • Small Business Administration's (SBA) Economic Injury Disaster Loan Program
    Ohio small businesses and nonprofits are now eligible to apply for up to a $2 million, 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 to have an application mailed to you. 
     
  • 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. This opportunity is also extended to those with temporary (F2) permits for events scheduled between March 12 and April 6, 2020. Questions about this program should be directed to the Liquor Enterprise Service Center at 1-877-812-0013 or OhioLiquorInfo@Com.Ohio.gov.
     
  • Publicly-Funded Daycares
    An executive order issued last week increased the number of children allowed to be supervised by child care staff, depending on the type of program and ages of the children. The order also increased from 10 to 20 the number of paid absent days for providers serving children in the Publicly Funded Child Care program, and it provides child care programs with 21 paid pandemic days if they must close their programs because of the pandemic.  Read the Executive Order: ttps://content.govdelivery.com/attachments/OHOOD/2020/03/13/file_attachments/1400790/Executive%20Order%202020-02D.pdf
     
  • The Ohio Department of Transportation (ODOT) 
    The Ohio Department of Transportation (ODOT) is modifying the process for haulers carrying heavy loads of essential goods. Generally, Ohio requires haulers with loads classified as "oversized" to seek advanced permission from ODOT before they are legally allowed to travel in the state. Haulers carrying these essential goods can download and print the permit at transportation.ohio.gov.
     
  • Ohio’s Bureau of Workers' Compensation (BWC)
    Ohio’s Bureau of Workers' Compensation (BWC) system is the exclusive provider of workers’ compensation insurance in Ohio and serves 249,000 public and private employers. To help businesses facing difficulties due to the COVID-19 pandemic, the Ohio BWC is announcing the deferment of insurance premium installment payments for March, April and May until June 1, 2020. For more information, visit bwc.ohio.gov.
     
  • Grace Period for Health Insurance Premiums
    All health insurers are required to provide the option of deferring premium payments, interest free, for up to 60 calendar days from each original premium due date. This means that employers can defer their premium payments up to two months, giving them some relief on costs, while keeping their employees insured.
    https://iop-odi-content.s3.amazonaws.com/static/Legal/Bulletins/Documents/2020-03.pdf

  • Keeping Essential Goods Moving
    The Ohio Department of Transportation (ODOT) has modified the process for haulers carrying heavy loads of essential goods. Generally, the state requires haulers with loads classified as “oversized” to seek advanced permission from ODOT before they are permitted to travel in and through the state. Haulers carrying essential goods can download and print the permit at Transportation.Ohio.gov. The federal government has also cut red tape around obtaining or renewing Commercial Drivers’ Licenses (CDLs) and other licenses to prevent interruption of essential shipping. The Ohio Departments of Public Safety (ODPS) and the Public Utilities Commission (PUCO) have adjusted their enforcement practices to avoid confusion.
  • Learn new tech skills
    TechCred helps Ohioans learn new skills and helps employers build a stronger workforce with the skills needed in a tech-infused economy. Many of these trainings can be completed online. For more information: https://techcred.ohio.gov/wps/portal/gov/techcred/about

  • Pay benefits for reduced work hours
    SharedWork Ohio allows workers to remain employed and employers to retain trained staff during times of reduced business activity. The Ohio Department of Job and Family Services provides eligible individuals an unemployment insurance benefit proportionate to their reduced hours. To learn more: http://jfs.ohio.gov/ouio/SharedWorkOhio/

Banking Updates

The DeWine-Husted Administration has worked with representatives from Ohio’s banking community. These companies recognize the hardships that many Ohioans are facing, and they have committed to working through creative ways to help. Ohioans can be confident that banks, both big and small, will be there for them as we move through the crisis and are offering a number of measures to help customers.

  • Banks across the state are taking steps to offer loan payment deferrals, fee waivers or refunds and extend credit lines to both businesses and individuals. Many banks are also suspending foreclosures where possible. Recent federal guidelines give financial institutions more tools to help Ohioans and the banking industry has welcomed these changes.
     
  • Banks are also showing customers how to protect themselves from coronavirus-related scams and encouraging Ohioans to use digital banking features like mobile apps, online banking or banking by phone. If you need help, please reach out to your bank for assistance.
     
  • Banks and credit unions across the state are taking steps to offer loan payment deferrals, fee waivers or refunds and extend credit lines to both businesses and individuals. Many financial institutions are also suspending foreclosures where possible. Recent federal guidelines give our financial institutions more tools to help Ohioans and the banking industry has welcomed these changes. 
     
  • Learn more at ohiobankersleague.com/customers and ohiocreditunions.org.