County Executive Armond Budish Encourages Businesses Affected by COVID-19 Pandemic to Apply for Small Business Paycheck Protection Program
CUYAHOGA COUNTY, OH – Cuyahoga County is continuing to work with partners from across the region to deploy over $6 million through a Small Business Stabilization Fund, comprised of loans and grants, to support small, neighborhood-based businesses that have been impacted by the COVID-19 pandemic. To date, the National Development Council (NDC), one of the County’s key small business assistance partners, has approved and funded over $2 million in Paycheck Protection Program (PPP) loans to 21 businesses in the County.
The PPP is a loan designed to provide a direct incentive for small businesses to keep their workers on the payroll. Each PPP loan is made by Small Business Administration (SBA) Lenders, including NDC’s Grow America Fund. The SBA will forgive loans if all employees are kept on the payroll for eight weeks and the money is used for payroll, rent, mortgage interest, or utilities.
“I and our Department of Development along with many crucial partners are working to make sure we are able to get as many resources as possible out to our local small businesses,” said Cuyahoga County Executive Armond Budish. “Without the National Development Council’s $2 million in PPP funding to small businesses, we would have lost 283 jobs. I encourage businesses to apply for PPP loans as there are still funds available.”
Any small business can apply for PPP funds through their regular bank of business or a community serving lender, such as National Development Council.
Applicants can apply for NDC PPP funds at ndconline.org/ppp/.
“We want businesses to know PPP funding is still available and we are committed to helping businesses navigate through these challenging times. We are proud to serve our local businesses and have witnesses several success stories as a result of this program,” said National Development Council President and CEO Daniel Marsh.
“Take for example JWT&A LLC, a minority-owned construction firm located in Cleveland. John Todd, who owns the firm, applied to his bank for a PPP loan; however, his application was not successful. Through the Urban League of Greater Cleveland, Mr. Todd learned that the National Development Council is providing PPP loans. Within days, Mr. Todd filled out his application and was approved for a loan. He is now working to restart several construction jobs and bring back his employees.”
Businesses Assisted through NDC’s Paycheck Protection Program Include:
- Computer Systems Design Services
- Specialty Food Stores
- Environmental Consulting Services
- Beauty Supply
- Child Day Care Services
- Offices of Real Estate Appraisers
- Machine Shops
- Office Administrative Services
- Child and Youth Services
- Home Health Care Services
- Social Advocacy Organizations
- Dentists Offices
Small business owners can learn more about the PPP and get help applying by calling the Small Business Resource Center at 216-452-9714 or by visiting the Cuyahoga County Small Business Resource Center webpage.
Ohio Department of Health - Latest upates on COVID-19 statistics
Ready.gov - Pandemic Guidelines
United States Department of Labor - Information includes links to interim guidance and other resources for preventing exposures to, and infection with COVID-19.
World Health Organization - World situation platform
U.S. Small Business Administration - Business Support & Resources
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SBA- Economic Injury Disaster Loan Program - The Coronavirus Small Business Guidance & Loan Resources page is being continually updated with all SBA tools and resources, including preparedness checklists and different avenues to access capital.
Express Bridge Loans - Allows small businesses to access up to $25,000 in emergency funding with streamlined paperwork, and is designed to assist while awaiting EIDL funding. Apply through an SBA lender. Lenders can be found at the link below.
SBA-Disaster Assistance - SBA Disaster Assistance in Response to the Coronavirus
SBA-Small Business Loan Resources - Coronavirus (COVID-19): Small Business Guidance & Loan Resources
Greater Cleveland Partnership
InGEAR - one-stop local employment listings, including a link to post your positions
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Career One Stop - Your state's unemployment insurance program
U.S. Department of Labor - New Guidance on Unemployment insurance flexibilities during COVID-19
U.S. Chamber of Commerce - Summary of Latest Congressional Actions
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Jobs Ohio - Benefits for Your Specific Business Needs. Ohio offers performance-based incentives to assist companies that are starting, relocating or expanding operations in the state. Funding decisions are based on a number of project factors, including but not limited to job creation, payroll figures, fixed-asset investment commitment, project location and project return on investment.
Ohio Department of Commerce - Liquor Return Guidelines for Bars & Restaurants
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SharedWork Ohio - An alternative to layoffs for employers. It allows workers to remain employed and employers to retain their staff during times of reduced business activity.
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