6/17/2020 COVID-19 Economic Mitigation & Recovery June 17, 2020 Gwynn Stewart, M.S. Community Development Educator OSU Extension, Noble County 740-305-3177 stewart.1818@osu.edu 1 COVID-19 Business Resources This program coordinated by: Noble County Economic Mitigation & Recovery Committee Gwynn Stewart, Community Development OSU Extension, Noble County Allen Fraley, Executive Director Noble County Chamber of Commerce Lisa Button, Account Executive, Office of Workforce Development Misty Wells, Workforce Development Supervisor. Ohio Department of Job and Family Services Noble County Department of Job and Family Services 2 1
6/17/2020 Agenda Economic Recovery Resources • Economic Injury Disaster Loans • Appalachian Growth Capital • PPE Retooling Program • Minority & Women Owned Businesses Program • Resilience Fund • Business Transition Event • Noble Co. Small Business Development Fund Business Visits 3 4 2
6/17/2020 Economic Injury Disaster Loans To further meet the needs of U.S. small businesses and non-profits, the U.S. Small Business Administration reopened the Economic Injury Disaster Loan (EIDL) and EIDL Advance program portal to all eligible applicants experiencing economic impacts due to COVID-19. Learn more at: https://www.sba.gov/funding- programs/disaster-assistance 5 $10M Awarded to Appalachian Growth Capital to Help Small Businesses in Appalachian Ohio Ohio Development Services Agency (Development) released $10 million to Appalachian Growth Capital (AGC), a Community Development Financial Institution, to create a low-interest loan program to help small businesses impacted by the COVID-19 crisis in Ohio’s 32 Appalachian counties. The new loan program is not designed to compete with commercial lenders but instead is an option for businesses when conventional financing is not available. Additionally, AGC is able to partner with commercial lenders to support a business’ efforts to retain and create jobs. Learn more at: by contacting Brad Blair at BBlair@appart.org or 740.753.5359 or visit https://appcap.org 6 3
6/17/2020 PPE Retooling Grant Program Provides grants to manufacturers and other entities to assist in retooling existing facilities through purchasing necessary equipment to manufacture critically needed Personal Protection Equipment (PPE) for use in Ohio or reshoring PPE production to Ohio. These grants will allow small manufacturers and other entities an opportunity to create new business while contributing to the fight against COVID-19. Learn more at: https://development.ohio.gov/bs /bs_ppe-rrgpg.htm 7 Minority Micro-Enterprise Grant Program Provides $10,000 in funding to help small, minority- and women-owned businesses experiencing economic impacts due to COVID-19. Learn more at: https://www.businesshelp.ohio.gov 8 4
6/17/2020 The Resilience Fund is designed to assist businesses in Appalachian Ohio that are facing serious economic challenges. This fund will enable quick access to small grants as well as connections to assistance and information about other grants, loans, and/or investment capital. Individual grant amounts will range from $500 - $3,000 Learn more at: https://www.resiliencegrants.com/ 9 Business Transition Training Free Webinar June 24 10-11 a.m. Register at go.osu.edu/ businesstransitiontraining 10 5
6/17/2020 Noble Co. Small Business Loan Program Program Eligibility: • Residency: Applicants must live in Noble County or operate a business in Noble County that employs Noble County residents. • Income Eligibility: Applicants cannot have an income in excess of 250% of HUD income guideline. Learn more: https://noble.osu.edu/program- areas/community-development/usda-revolving-loan-fund 11 • OSU COVID Knowledge Exchange Visit http://kx.osu.edu/covid-19 • OSU Extension - Noble Community Development COVID Page Visit www.noble.osu.edu • www.NobleCountyOhio.gov 12 6
6/17/2020 Business Visits • Ohio Southeast, Noble’s JobsOhio Partner • Business Retention & Expansion • Resources for Business Call to Schedule! 740-305-3177 13 Everyone in Noble County Counts! As of June 8, ONLY 60.4% of Noble County has completed the 2020 Census! Learn More About Census 2020 & Be Counted! www.2020census.gov 14 7
6/17/2020 Noble County COVID-19 Responsible Restart Ohio Conversation This program coordinated by: Noble County Economic Mitigation & Recovery Committee Gwynn Stewart, Community Development OSU Extension, Noble County Allen Fraley, Executive Director Noble County Chamber of Commerce Lisa Button, Account Executive, Office of Workforce Development Misty Wells, Workforce Development Supervisor. Ohio Department of Job and Family Services Noble County Department of Job and Family Services 15 8
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