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Solon Chamber of Commerce COVID-19 Updates & Resources

3/1/2020

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PAYCHECK PROTECTION PROGRAM UPDATES
February 22: President Joe Biden announced updates to the Paycheck Protection Program, including:
  • A 14-day period, starting 2/24, during which only businesses with fewer than 20 employees can apply
  • Revision to loan calculation formula to offer more support to sole proprietors, independent contractors & self-employed individuals
  • Eliminate an exclusionary restriction that prevents small business owners with prior non-fraud felony convictions from obtaining relief
  • Eliminate an exclusionary restriction that prevents small business owners who are delinquent on their federal student loans from obtaining relief
  • Issuing clear guidance that otherwise eligible non-citizen small business owners who are lawful U.S. residents cannot be denied access to the PPP because they use ITINs to pay their taxes
OHIO CURFEW UPDATE
February 11: Governor Mike DeWine announced the statewide curfew has been lifted as of 12:00 PM today.
OHIO VACCINE PHASE 1B
January 19: Vaccinations in Phase 1B are expected to begin the week of January 19.     View Ohio Vaccine Fact Sheet
​

​To find a Vaccine Administration Location, click here.

Phase 1B will specifically include those below who choose to be vaccinated: 
  • Jan. 19, 2021 – Ohioans 80 years of age and older.
  • Jan. 25, 2021 – Ohioans 75 years of age and older; those with a developmental or intellectual disability AND a medical disorder that makes them particularly vulnerable. For a full list, click here.
  • Feb. 1, 2021 – Ohioans 70 years of age and older; employees of K-12 schools that wish to remain or return to in-person or hybrid models.
  • Feb. 8, 2021 – Ohioans 65 years of age and older.
  • Feb. 15, 2021 – Ohioans with severe congenital, developmental, or early-onset, and inherited conditions. For a full list, click here.
  • Please note: Information is still forthcoming regarding those who have a qualifying congenital, early-onset, or inherited condition (without a developmental or intellectual disability) who will begin being vaccinated on Feb. 15. ​
VACCINE RESOURCES​
  • Vaccine Considerations for Employers
  • Vaccine FAQs
  • ​Developing a Vaccine Strategy
  • ​Elements of a Vaccine Strategy
  • How Employers Should Talk About the COVID-19 Vaccine
  • ​​Vaccine Employer Survey Report
PPP INFORMATION
SBA, in consultation with the U.S. Treasury Department, reopened the Paycheck Protection Program (PPP) for First Draw Loans the week of January 11, 2021.

SBA is currently accepting First Draw PPP loan applications from participating community financial institutions (CFIs) and lenders with under $1 billion in assets, which includes approximately 5,000 institutions, including community banks, credit unions, and farm credit institutions. Lender Match can help you find a participating lender.  View PDF        What are CDFIs & MDIs?   
​

On Monday, January 19th, the portal opens for ALL first time applicants AND second-draw applicants.    View PPP FAQs

First Time Applicant Overview     First Time Application Form
Second Draw Overview     Second Draw Application Form


Paycheck Protection Program

Regular business expenses paid for with past & future PPP loan proceeds will be tax deductible. This includes:
  • Operations Expenses: payments for business software, cloud computing services & other HR/accounting needs that facilitate business operations
  • Supplier Costs: payments to a supplier for goods that are essential to the operations of the borrower pursuant to a contract or purchase order in effect before the PPP loan is disbursed or with respect to perishable goods, in effect at any time
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  • Worker Protection Expenses: operating/capital expenditures to comply with public health guidance related to COVID-19, including things like drive-through windows and sneeze guards and the purchase of personal protective equipment (PPE)
  • Covered Property Damage Costs: costs related to property damage/looting due to public disturbances in 2020 that are not covered by insurance or other compensation. 

It is still the case that not more than 40% of the forgiven amount can be for non-payroll costs, which may limit how much of your loan can be forgiven. The brand new “Second Draw” program is for small businesses who have exhausted their initial PPP loan if you have less than 300 employees & have experienced a 25%+ reduction in gross receipts during any quarter in 2020 relative to the same quarter in 2019. Learn more about PPP loan forgiveness

​
Employee Retention Tax Credit

The new Employee Retention Tax Credit is 70% on $10,000 in wages per quarter (or a maximum $14,000 per employee through June 30th) for employers with less than 500 employees who who experienced a decline in gross receipts of more than 20% in a quarter compared to the same quarter in 2019.  Employers can now also receive both the Employee Retention Tax Credit and a PPP loan, just not to cover the same payroll expenses. Learn More about the ERTC​
Economic Injury Disaster Loans
Priority for the full amount of the $10,000 EIDL grant will be given to small businesses with less than 300 employees, located in low-income neighborhoods, who have experienced a 30% reduction in gross receipts during any 8-week period between March 2, and December 31, 2020 compared to a comparable 8-week period before March 2. If you meet this description and received a grant that is less than $10,000 you can re-apply to receive the difference. 
​
DEWINE ISSUES NEW MASK MANDATE
November 11: Governor Mike DeWine announced a new mask order with the following additions:
  • Each store will be required to post a sign outlining face-covering requirements at all public entrances to the store;
  • Each store will be responsible for ensuring that customers and employees are wearing masks; and
  • A new Retail Compliance Unit, comprised of agents led by the Ohio Bureau of Workers’ Compensation, will inspect to ensure compliance. A first violation will result in a written warning and a second violation will result in closure of the store for up to 24 hours.
Additionally, Governor DeWine expanded the mass gathering limit of gatherings of 10 or more, adding the following guidelines:
  • Open congregate areas will no longer be permitted to open
  • Everyone will be required to be seated and masked unless they are actively consuming food or drinks.
  • Bars, restaurants, and fitness centers may remain open, but this will be reassessed on November 19 for potential closure. 
BWC APPROVES $5 BILLION DIVIDEND
November 2: The Ohio Bureau of Workers' Compensation (BWC) approved Governor Mike DeWine’s request to send $5 billion in dividends to Ohio employers to ease COVID-19’s continued impact on the state’s business community & workforce.​

BWC will apply the dividend to an employer’s unpaid balances first, then send a check for the remainder in mid-December. The agency issued a $1.54 billion dividend in late April and $1.34 billion in October.          View FAQs

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OHIO CARES ACT CORONAVIRUS RELIEF FUNDS
October 23: Governor Mike DeWine announced the allocation of $429.5 million in CARES Act funds across the State of Ohio and was approved by the General Assembly and the Controlling Board on Monday, October 26th:
  • $50 million for rental, mortgage, water and/or sewer utility assistance: Starting November 2nd, Ohioans at/below 200% of the federal poverty level can apply at their local Community Action Agency     More Information
  • $125 million for small business relief: The Ohio Development Services Agency will establish the Small Business Relief Program to provide funds to eligible small businesses with 25 employees or less      Download PDF 
  • $37.5 million for bars and restaurants: Checks in the amount of $2,500 will be distributed to establishments with on-premise consumption      More Information 
  • $62 million for rural and critical access hospitals: Funding will allow hospitals to continue responding to the COVID-19 crisis, providing care and addressing increased costs for safety measures, including the purchase of PPE
  • $100 million for higher education: These dollars will be used for critical services, including COVID-19 testing on campuses and mental health services
  • $45 million for non-profits and the arts: Non-profits provide many important services to Ohioans and these dollars will help them continue their good work. Many arts organizations have also been hit hard and these dollars will help

QUICK LINKS​
  • CDC Coronavirus Dashboard​
  • City of Solon Resources
  • Coronavirus.gov
  • Latest from State of Ohio​
  • Local PPE & Essential Services
  • US Chamber of Commerce Coronavirus Ressources
  • ​WHO Coronavirus Dashboard

REOPENING RESOURCES
  • Responsible RestartOhio
  • ​How Swagelok has Managed COVID-19 as an Essential Business          Additional Resources
  • MAGNET, Ohio MEP & Ohio Manufacturers' Association Reopening Checklist Download (Excel)
  • ​National Governor's Association Guidance on
    Reopening Businesses
  • Ohio Department of Health - Masks in the Workplace
  • Ohio Responsible Protocols for Reopening Business
  • ​Opening Up America Again Guidelines
  • Ready to Reopen US Chamber Checklist​
  • ​Reintegration Policy Example
SBA RESOURCES​
  • 10 Commonly Asked Questions About SBA Loans
  • Guide to Employee Retention Tax Credit
  • ​Guide to PPP Loan Forgiveness
  • Guide to SBA EIDL from US Chamber of Commerce
  • ​Interim Final Rule on simpler forgiveness process for loans of $50,000 or less
  • PPP Application Instructions
  • ​PPP Loan Forgiveness Application
  • SBA Coronavirus Relief Options
  • Small Business Emergency Loans Guide & Checklist​​
  • FINANCIAL & LEGAL RESOURCES
  • 22 Grants, Loans & Programs to Benefit Your Small Business
  • Bar & Restaurant Assistance Fund FAQ
  • Bar & Restaurant Assistance Fund - How to Apply
  • Bureau of Workers' Compensation FAQ
  • Cybersecurity & Infrastructure Security Agency Risk Management PDF
  • Department of Labor Employee Rights & Sick Time
  • Guide to CARES Act Employee Retention Tax Credit
  • Identifying Critical Infrastructure during COVID-19
  • MAGNET Manufacturing Best Practices for COVID-19
  • MAGNET: How Swagelok Has Managed COVID-19 as an Essential Business Slides          View Webinar     
  • ODOT Essential Goods Waiver​
  • OSHA: Preparing Workplaces for COVID-19​
  • ​State of Ohio Manufacturing Alliance to Fight COVID-19  Repurposing Project                      Frequently Asked Questions
  • U.S. Department of Transportation CDL Waiver​​​
  • Honeycomb Crowdfunded Small Business Relief Loan

EMPLOYMENT & UNEMPLOYMENT​
  • HFLA Loan Application for Individuals & Families
  • JobsOhio
  • Ohio Department of Job & Family Services Resource
         Mass Layoff Number: 2000180
         1-877-644-6562
  • Ohio Jobs & Family Services ​FAQ
  • ​OhioMeansJobs
  • ​Ohio Unemployment Portal Walkthrough
  • ​State of Ohio COVID-19 Job Search
  • Utility Assistance​​

RE-TRAINING OPTIONS

TECHCRED
TechCred  program helps Ohioans learn new skills & helps employers build a stronger workforce with the skills needed in a technology-infused economy. Many of these trainings can be completed online!

These technology-focused credentials take a year or less to complete and prepare current and future employees for the technology jobs Ohio employers need.

​
TechCred Program Guidelines
SHAREDWORK OHIO
SharedWork Ohio  is an alternative to layoffs for employers, allowing workers to remain employed and employers to retain their staff during times of reduced business activity. Under a SharedWork Ohio plan, employers reduce hours to avert a layoff. The participating employee works the reduced hours, and the  Ohio Department of Job and Family Services provides an unemployment insurance benefit proportionate to their reduced hours. Interested employers should provide the Ohio Department of Job and Family Services with a list of participating employees and specify their normal weekly hours of work, not to exceed 40 hours and not including overtime. Part-time employees may be eligible, but all employees in an affected unit must have their hours reduced by the same reduction percentage.
​

​SharedWork Ohio Frequently Asked Questions
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Solon Chamber of Commerce.  All Rights Reserved.
6240 SOM Center Rd, Suite 211  |  Solon, OH 44139
Phone: (440) 248-5080 | Fax: (440) 248-9121