What does the CARES Act mean for Ohio’s local governments?
As Ohio’s economy continues to decline due to the COVID-19 outbreak many of Ohio’s local governments who are on the front lines dealing with the impacts of the virus are experiencing decreased revenues as well and in some cases increased cost. In March of this year, Congress passed the CARES act, which provided a number […]
Ohio Transportation Improvement District Funding Opens Up
Transportation systems play a central role in the movement of people, goods and services and communities with robust transportation infrastructure systems in place are well positioned to capitalize on economic development wins. Many communities are, however, facing infrastructure challenges to keep up with current growth, compete for growth and capture future economic development opportunities. In […]
Local Revolving Loan Funds Supported by State and Federal Stimulus Resources Spur Small Business Growth
Interest rates and access to conventional bank financing find themselves at a favorable intersection in today’s economy. As a small business or new business startup, however, access to capital and favorable rates can be challenging. Every business has different needs, and no financial solution is one size fits all. There are many financial choices a […]
Ohio Moving Slow to Reopen the Ohio Economy
Governor Mike DeWine, along with Lt. Governor Jon Husted announced the long-awaited details of what’s next for Ohio’s businesses and what steps they need to take to reopen the state amid the COVID-19 outbreak. After issuing orders closing all non-essential businesses in late March, Ohio’s small business community have been waiting to receive guidance from […]
Making RFLs Work
MAEDC Montrose Group COVID 19 Economic Recovery Strategy 4.17.20
OrEDA Montrose Group COVID 19 Economic Recovery Strategy 4.14.20
Federal Reserve’s Main Street Lending Program is a Critical Company Financing Option
With the exhaustion of the prime SBA program to support small businesses harmed by COVID 19, the Federal Reserve Bank’s Main Street Program could be an important financing option for many companies.The Main Street Lending Program has $75 B to serve as a base to leverage up to $600 B in liquidity to participating lenders […]
Survey of State COVID 19 Business Support Programs
Alabama Governor Ivey and the Alabama Department of Revenue have extended the state income tax filing due date from April 15, 2020, to July 15, 2020, without penalties or interest. Alaska Established the Alaska COVID-19 Emergency Business Loan Program to provide 100% state-guaranteed loans to Alaskan businesses for immediate relief and loan program will be […]
State Governments at the Epicenter of COVID 19 Economic Recovery
After the usual political tussling, President Trump acknowledged much of the COVID 19 recovery will be driven by state governments who under the United States of America political system control many aspects of the nation’s public health laws. There is no federal director of public health with the authority to open and close businesses. That […]
