Finding help in the post-COVID aftermath

You’d think COVID relief funds had gone the way of the cloth mask, but I had a member ask about them the other day.

It’s proof that while we’ve reached a point where we have moved the discussion regarding COVID to a “how life resumes” standpoint, the aftermath is still harsh for our businesses. The great resignation, or whatever they’re calling it now, along with supply chain issues, still provides great stress.

While the application period for funds through the Small Business Administration has closed, Alex Kohls of SBA’s Dayton regional office says there are still some options. 

If your business is continuing to feel the impact of COVID, here are some areas to consider for relief:

  • The Small Business Development Center at the Ohio State University South Centers in Piketon. Melissa Carter, Brad Bapst, and the team there can help in various ways. 
  • Economic and Community Development Institute (ECDI) is a new Chamber partner similar to SBDC. They have a microloan program that can help. 
  • Appalachian Growth Capital provides low-interest loans to businesses in the Appalachian region of Ohio. 
  • Ohio Valley Regional Development Commission (OVRDC) – This agency has a small business loan program that might be beneficial.

In addition, the Chamber has signed on to an effort to replenish the Restaurant Revitalization Fund, which has a shot of appearing in the omnibus spending bill next month. The fund opened last year and quickly was depleted, but legislators are trying to get more money for the restaurants. There is also a move to get similar funds for gyms, hotels, and entertainment venues. It’s a long shot, but it’s worth the effort to help.

Regardless, there are still many ways to get money to help your business continue as we figure the future out.