COVID-19 Update: JobsOhio Banking Partnership
April 21, 2020
(COLUMBUS, Ohio)— JobsOhio, Peoples Bank (headquartered in Marietta) and the recently-merged First Federal Bank and Home Savings Bank (headquartered in Defiance and Youngstown) announced a new partnership to support those banks’ existing small business clients in Ohio.
The partnership will help small businesses maintain operations and payroll during the COVID-19 pandemic. JobsOhio has committed up to $50 million to assist Peoples Bank and First Federal-Home Savings Bank.
“This assistance bolsters each bank’s ability to provide additional financing on favorable terms for local businesses in good standing that would otherwise not be able to access this credit due to the COVID-19 crisis,” said Governor DeWine. “I thank these Ohio banks and JobsOhio for their partnership, which will get much-needed capital in the hands of small businesses that are so critical to Ohio’s economy.”
Eligible businesses can use the loans for working capital, including payroll, rent, mortgages or other fixed debts, utilities, and other bills.
CURRENT OHIO DATA:
There are 13,725 confirmed and probable cases of COVID-19 in Ohio and 557 confirmed and probable COVID-19 deaths. A total of 2,779 people have been hospitalized, including 838 admissions to intensive care units. In-depth data can be accessed by visiting coronavirus.ohio.gov.
Video of today’s full update, including versions with foreign language closed captioning, can be viewed on the Ohio Channel’s YouTube page.
For more information on Ohio’s response to COVID-19, visit coronavirus.ohio.gov or call 1-833-4-ASK-ODH.