[cmsmasters_row data_width=”boxed” data_top_style=”default” data_bot_style=”default” data_color=”default” data_bg_color=”#f4f4f4″ data_padding_top=”20″ data_padding_bottom=”20″][cmsmasters_column data_width=”1/1″][cmsmasters_text animation_delay=”0″ classes=”intro”]The Cincinnati Minority Business Assistance Center is committed to providing the most relevant and up-to-date COVID-19 resources to our clients. Below is a list of helpful resources, which we will continue to update as more information becomes available.[/cmsmasters_text][/cmsmasters_column][/cmsmasters_row][cmsmasters_row data_padding_bottom=”30″ data_padding_top=”0″ data_color=”default” data_bot_style=”default” data_top_style=”default” data_width=”boxed”][cmsmasters_column data_width=”1/1″][cmsmasters_divider width=”long” height=”1″ style=”dashed” position=”left” color=”#c0c0c0″ margin_top=”30″ margin_bottom=”30″ animation_delay=”0″][cmsmasters_text animation_delay=”0″]

Free Mask for MBAC Clients

Starting: Wednesday August 19, 2020

Masks will be distributed every Wednesday from 9am-11:30am at the AACC Chamber Office until gone. The first day for distribution will be on Wednesday, August 19, 2020.

Address: 2303 Gilbert Ave, Cincinnati, OH 45206

Learn more

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Federal Reserve Bank of Cleveland

Infographic Series

The Cleveland Fed has a new infographic series that helps explain, in plain English, the actions taken by the Fed in response to the challenges created by the COVID-19 shutdown.

Notes from the Field Blog Entries

Help for Those Facing Eviction Increases to Meet the Challenge of COVID-19 | View Post

An Uncommon Crisis: COVID-19 and its Disproportionate Impacts on Vulnerable Communities | View Post

Skills Are Bridges Not Gaps: A Skills-Based Approach for Transitioning Workers to Higher-Paying Occupations | View Post

Other releases

Exploring a Skills Based Report | View Post

Perspectives from Main Street: The Impact of COVID-19 on Low- to Moderate-Income Communities and the Entities Serving Them | View Post

Research [in] Brief: Housing Vouchers and Opportunity Neighborhoods | View Post

Research [in] Brief: Fintech Lending Expands Small Businesses’ Options | View Post

Recent events and Announcements

Policy Summit Save the Date | View Post

Building a Resilient Workforce | View Post

FedTalk

Special COVID-19 Edition: Small Business Access to the Paycheck Protection Program | View Video

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New Help for Minority Businesses

Many Ohio small, minority and women-owned businesses have been hard hit by the COVID-19 pandemic. The Ohio Minority Micro-Enterprise Grant Program provides $10,000 in funding to help these companies through the current crisis and set them up for the future.

Who is Eligible?

Link to Apply

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Help Produce New Personal Protective Gear (PPE) Solutions

Ohio businesses and nonprofit organizations need personal protective equipment, which remains in short supply. We are working to solve that issue through the ingenuity of Ohio companies and their employees. The Ohio PPE Retooling and Reshoring Grant Program provides funds to help businesses innovate and create solutions to the PPE shortage.

Learn More

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Sharing What We’ve Learned: A Blueprint for Businesses

(Kroger, May 13, 2020) – This first installment of Sharing What We’ve Learned: A Blueprint for Businesses includes recommendations, insights, best practices and downloadable creative assets to help businesses navigate the next phase of this unprecedented pandemic. We will continue to update the Blueprint in the coming days and weeks, providing additional resources, tools and templates for other industries to leverage.

Resource Link

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Mercy Health Establishes Local Flu Clinics with Newest Location Opening in Bond Hill on April 22

(CINCINNATI; April 20, 2020) – Mercy Health has established designated flu clinics to evaluate and treat members of the community who are experiencing flu-like symptoms, which may include fever, cough, shortness of breath, sore throat or body aches. The flu clinics are designed to evaluate and treat patients with flu-like symptoms. Scheduled appointments or walk-ins are welcome.

Resource Link

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Coronavirus Small Business Guide

The U.S. Chamber of Commerce’s complete coronavirus coverage, updated daily with new resources to assist you and your business.

Resource Link

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CoronaVirus Emergency Loans

The Coronavirus Aid, Relief, and Economic Security (CARES) Act allocated $350 billion to help small businesses keep workers employed amid the pandemic and economic downturn. Known as the Paycheck Protection Program, the initiative provides 100% federally guaranteed loans to small businesses.

Resource Link

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COVID-19 Economic Injury Disaster Loan Application

The U.S. Small Business Administration (SBA) COVID-19 Economic Injury Disaster Loan Application. The estimated time for completing this entire application is two hours and ten minutes.

Resource Link

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Small Business Paycheck Protection Program

The Paycheck Protection Program (PPP) provides small businesses with funds to pay up to 8 weeks of payroll costs including benefits. Funds can also be used to pay interest on mortgages, rent, and utilities.

Starting April 3, 2020, small businesses and sole proprietorships can apply. Starting April 10, 2020, independent contractors and self-employed individuals can apply. We encourage you to apply as quickly as you can because there is a funding cap.

Program Overview

Information Sheet

Paycheck Protection Program Application Form

The Treasury released additional rules on the Paycheck Protection Program (PPP) on 4/2/2020.

The supporting documents included in the additional rules are:

The final rule

Synopsis of the final rule

Updated list of Ohio’s 7(a) lenders

Sample Application

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With $349 Billion in Emergency Small Business Capital Cleared, SBA and Treasury Begin Unprecedented Public-Private Mobilization Effort to Distribute Funds

WASHINGTON (March 31, 2020) – Following President Trump’s signing of the historic Coronavirus Aid, Relief, and Economic Security (CARES) Act, SBA Administrator Jovita Carranza and Treasury Secretary Steven T. Mnuchin today announced that the SBA and Treasury Department have initiated a robust mobilization effort of banks and other lending institutions to provide small businesses with the capital they need.

Full Press Release

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COVID-19 Crisis Resource Guide

This guide, created by our partner agency, the African American Chamber of Greater Cincinnati, was created to provide a variety of resources for clients during this time of public health crisis.

Resource Link

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How Ohio Bankers Are Helping Businesses Impacted By COVID-19

The following Ohio banks have publicly announced details of their customer assistance programs and measures:

Resource Link

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Frequently Asked COVID-19 Questions For Businesses (KMK Law Response Team)

The Coronavirus (COVID-19) has made a significant impact on the global economy, altering the way businesses operate. The KMK Law multi-disciplinary Coronavirus COVID-19 Response Team provides some answers below to your most frequently asked questions.

Resource Link

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The U.S. Small Business Administration (SBA) has qualified the State of Ohio for the Economic Injury Disaster Loan program.

Governor Mike DeWine, Lt. Governor Jon Husted and Ohio Development Services Agency Director Lydia Mihalik recently announced that the U.S. Small Business Administration (SBA) has qualified the State of Ohio for the Economic Injury Disaster Loan program. Everett Woodel District Director of the SBA’s Columbus District Office joins the MBAC on The Resource Network! to explain what the Economic Injury Disaster Loan Program is and how businesses can qualify.

Audio Playback:

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