[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
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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:
Updated list of Ohio’s 7(a) lenders
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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.
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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.
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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:
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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.
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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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