Pandemic Related Employer Resources

Posted on Apr 4, 2020

Below is a list of links that employers will find helpful to deal with the current public health crisis:

Recent federal relief legislation:

Coronavirus Aid, Relief and Economic Security Act (CARES Act) – includes:

Paycheck Protection Program – purpose is to assist employers with employee retention during the crisis. Provides private bank loans that, if used for payroll and other eligible expenses, will not have to be repaid. PLEASE NOTE: There is a funding cap for this program, therefore it is urgent that you apply as soon as possible to obtain benefits. SBA Interim Final Rule (see page 5 for “What do borrowers need to know and do?”, AICPA guidance regarding Average Monthly Payroll Cost calculation, U.S. Treasury guidance, Application Form, U.S. Treasury Information Sheet, Ohio Bankers League FAQ, U.S. Chamber of Commerce Guide, SBA guidance.
Expanded SBA Economic Injury Disaster Loans – SBA guidance and to start an application

Families First Coronavirus Response Act (FFCRA) – effective April 1, 2020 – requires certain employers to provide employees with paid sick leave or expanded family and medical leave for specified reasons related to COVID-19. DOL guidance, IRS guidance.

General resources:

Thomson Reuters COVID-19 Relief – Assists businesses to identify types of assistance available

Ohio Chamber of Commerce – Coronavirus Business Resources

NFIB Ohio Employer Resources

Financing resources:

S BA Guidance for Businesses and Employers to Plan and Respond to Coronavirus Disease 2019 (COVID-19)

Unemployment insurance resources (layoffs or furloughs)

Ohio Dept. of Job and Family Services Q&A on Unemployment Benefits

Employee benefits continuation (health insurance):

Bulletin 2020-03 – Health Insurance Flexibility for Ohio Employees

Ohio Bureau of Workers’ Compensation:

Coronavirus (COVID-19) Frequently Asked Questions