Funds aimed to help small business hit by pandemic
“Our local economy has been negatively impacted with the Coronavirus and our small businesses are some of the hardest hit,” said Marcia Bailey CEP Economic Development Director. “These funds are an expense reimbursement grant and will help get the businesses through this difficult time."
To qualify for the grant program, businesses must:
Businesses that have received funding for expenses arising from the pandemic cannot submit the same expenses for reimbursement under the CARES Grant for Champaign County Small Businesses.
“We are so appreciative of our small businesses and although there is great uncertainty, Champaign County is hopeful that businesses receiving these grant funds will successfully persevere through the COVID-19 pandemic.” Bailey said.
Applications and grant guidelines are available at www.champaignworks.com/CARESGrantChampaignCounty beginning October 30, 2020. Application deadline is November 13, 2020 at 5:00 pm. Due to the short application period, we recommend you apply as soon as possible. In order to assist you, please send your questions to firstname.lastname@example.org.
Businesses are also encouraged to visit https://businesshelp.ohio.gov for additional assistance. Governor DeWine announced CARES Act funding through the State of Ohio for small business and others that have been impacted financially by the pandemic.
The new minimum will apply to employees of businesses with annual gross receipts of more than $319,000 per year.
The increase is mandated by a state constitutional amendment, approved by voters in 2006, which adjusts the state minimum wage based on the previous year’s inflation rate.
The change will benefit 84,000 of Ohio’s lowest paid working people, two-thirds of whom are adults, according to progressive policy group Ohio Policy Matters.
Nationwide, minimum wages will go up in 22 states in the new year, increasing pay for 6.8 million workers across the country, according to the Economic Policy Institute.
Ohio is among seven states where minimum wage earners will see their pay grow because of automatic annual inflation adjustments, the institute said.
Businesses have often said that increases in minimum wages could lead to layoffs or increase the cost of their products and services.
Supporters of increasing minimum wages, such as Policy Matters Ohio, have said the raises lead to economic growth, via increased consumer spending.
Click here to read full article on Springfield News-Sun.