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117 E. Mansfield Street
Bucyrus, Ohio 44820-2623

Fax: 419-562-4013

SBA-PPP LOAN PROGRAM ANNOUNCED

On Monday, February 22, President Biden announced the following changes to SBA's coronavirus relief programs to ensure equity:

Specifically on Wednesday, February 24, 2021 at 9 am ET, SBA will establish a 14-day, exclusive PPP loan application period for businesses and nonprofits with fewer than 20 employees. This will give lenders and community partners more time to work with the smallest businesses to submit their applications, while also ensuring that larger PPP-eligible businesses will still have plenty of time to apply for and receive support before the program expires on March 31, 2021.

SBA also announced four additional changes to open the PPP to more underserved small businesses than ever before. While these changes are being implemented, SBA will work with community partners to improve the emergency relief “digital front door” and conduct extensive stakeholder outreach. And, SBA will strengthen its relationships with lender partners to advance equity goals, deliver funding efficiently, and prevent fraud, waste, and abuse. SBA will:

Allow sole proprietors, independent contractors, and self-employed individuals to receive more financial support by revising the PPP’s funding formula for these categories of applicants;

Eliminate an exclusionary restriction on PPP access for small business owners with prior non-fraud felony convictions, consistent with a bipartisan congressional proposal; 

Eliminate PPP access restrictions on small business owners who have struggled to make student loan payments by eliminating student loan debt delinquency as a disqualifier to participating in the PPP; and

Ensure access for non-citizen small business owners who are lawful U.S. residents by clarifying that they may use Individual Taxpayer Identification Number (ITIN) to apply for the PPP.

A critical goal from Congress for the latest round of PPP was to reach small and low- and moderate-income (LMI) businesses who have not received the needed relief a forgivable PPP loan provides. Congress set a $15B set-aside for small and LMI first draw borrowers. With existing policies, the current round has only deployed $2.4B to small LMI borrowers, in part because a disproportionate amount of funding in both wealthy and LMI areas is going to firms with more than 20 employees. The less than 20 exclusivity period combined with the changes to expand access for sole proprietors, ITINs, returning citizens, and student loan debt will help us achieve Congressional goals.

FOR MORE INFORMATION & TO APPLY:  https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/paycheck-protection-program


 

 

The City of Bucyrus is dedicated to sustainable economic growth and business success for our community.

We strategically outsource a significant portion of our economic development efforts to the Crawford Partnership for Education and Economic Development.

 

  About The Crawford Partnership for Education and Economic Development

The Crawford Partnership for Education and Economic Development prioritizes the following:

  • Retention and expansion of existing businesses that operate in and serve Bucyrus and Crawford County
  • Development, training, and retention of a quality local workforce
  • Attraction of new business and industry
  • Support for the development of passionate entrepreneurs.

The Partnership’s collaborative, county wide approach allows us to leverage and connect area resources, build and maintain strong relationships with local public and private sector leaders, work together to solve problems, and utilize regional and state organizations for professional economic development strategies. Our shared efforts in community development also help bolster the quality of life for our local and prospective workforce.

 

  Economic Development Efforts in Bucyrus

  • Site Development:

    The Crossroads Industrial Center was awarded the 2016 Austin-AEP Shovel-Ready Site Designation for the Food and Beverage Sector for its site preparation and due diligence effort. Bucyrus is one of only five sites with this certification, which signifies that the site meets or exceeds the requirements for food processing, including transportation, infrastructure, and utility requirements. It is also SiteOhio authenticated, which means the site is ready for development on day one. All SiteOhio authenticated sites are construction ready with utilities to the park boundaries including water, sewer, electricity, natural gas and fiber. Each site undergoes a usability audit to ensure the site is intuitively positioned for optimal access, allowing businesses to hit the ground running and get to market faster.

     

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  • Retention and Expansion:

    Local economic development efforts in collaboration with the Regional Growth Partnership (RGP Northwest) have secured state grant dollars to allow local businesses to expand

    Collaboration with RGP, in conjunction with JobsOhio, has influenced the revitalization of the Swan Hose facility into Ohio PolyTech with additional plans for expansion.

     

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    Leadership & Workforce Development:

    • Crawford Unlimited Leadership (CU Lead) Program: more than 100 graduates
    • Supervisor Bootcamp: nearly 150 graduates
    • Community Connectors Grant: more than a quarter of a million dollars invested for programming and development, including the successful Leader in Me program to develop life skills for the future workforce.
    • WAGE Program (Workforce Awareness for Graduates & Educators): more than 400 students and 100+ teachers have toured local businesses to promote and highlight career opportunities for students upon graduation
    • Strategic investments in the Crawford County Youth Leadership Council and Crawford Works

  Community Opportunity:

Simply put, Community Opportunity is a resource. It is a comprehensive website for students, job seekers, and area businesses alike to connect, network, and find/share internship and employment opportunities within our community. The goal of Community Opportunity is to ensure that everyone in our community is aware of the careers available. Our local companies are in need of our local talent, who all too often do not realize the great opportunity right here in our own backyard.

  • Business profiles are free for companies and organizations within Crawford and Wyandot counties. Businesses will be able to connect with local job seekers, post job openings, and increase their visibility and community engagement at no cost.
  • Local job seekers of all ages can also create free profiles. By creating a profile and uploading your resume, you’ll be connected to all participating local businesses. You can browse and apply for area jobs in one stop through Community Opportunity.
Visit www.communityopportunity.com to learn more, or build your profile!