CARES Act Funding to support small businesses during pandemic

On Oct. 23, Ohio Governor Mike DeWine and Lt. Governor John Husted announced a funding package meant to help organizations across Ohio that have been struggling financially due to the COVID-19 pandemic. The CARES Act funding will total $419.5 million and is divided amongst several different agencies across Ohio; this includes $50 million from the Coronavirus Relief Fund to 47 different Community Action Agencies meant to provide rent, mortgage, and water assistance to Ohioans dating back to Apr. 1, 2020. $37.5 million will be allocated to the Bar and Restaurant Assistance Fund, which will help restaurants and bars who have struggled to stay in business due to lockdowns related to

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Small businesses see financial growth in first year of tax overhaul, but the cause remains unclear

Words by: Caelin Mills and Nicholas Hunter Less than a year after President Donald Trump introduced his overhaul of the tax system, the Tax Cuts and Jobs Act of 2017, Portage County businesses are seeing an uptick in business growth and revenue. It is unclear, however, whether the bill is the cause for this success. The bill, to be first implemented in fiscal year 2018, passed with the notion it would alleviate financial burdens on small business owners and middle class workers throughout the country. Tax Cuts and Jobs Act by on Scribd “The biggest winners will be the everyday American workers as jobs start pouring into our country, as

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The Immigration Impact: How Immigrants Help With Economic Growth

By Sierra Allen According to The American Immigration Council, immigrants contribute to the country’s economic growth and even helps increase the economic status of individual states. By filling jobs others deny and creating jobs that don’t exist, immigrants in Ohio are boosting the state’s economic growth and financial resilience with the help of Global Cleveland. What started almost eight years ago has now grown into a hub for immigrants and allies. Global Cleveland is a nonprofit organization that connects international individuals with social and economic opportunities in Cleveland and Cuyahoga County. “We exist to welcome, attract and retain international newcomers for economic prosperity in Northeastern Ohio, said Joe Cimperman, president

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Family-run medicinal marijuana business venture in Ravenna

Following the legalization of medical marijuana in Ohio, the list of 24 companies authorized to produce medical marijuana have been released. A location in Ravenna has been given the green light as the program will be implemented in 2018. A cultivation business will open at 4000 Lake Rockwell Road in Ravenna Township. This site is currently a vacant lot.   Businessman Tom Hobson is the owner of the location. Hobson said he became involved in the business because he has a personal stake in the industry. “I have a family member suffering from Parkinson’s disease and another suffering from rheumatoid arthritis,” Hobson said.  “I think it is right to allow them

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Economic Growth Shows Promising Future For City

Over the past few years the city of Kent has developed a number of buildings, welcomed new businesses and increased the employment rate. “Obviously the downtown has been a great success and received a lot of attention,” Kent City Manager Dave Ruller said. This is all part of the plan for the city of Kent. “We’re equally proud of the success we’ve had in all of our strategic priority areas,” Ruller said. “We have long term strategic goals and we set annual goals to make progress towards our long term goals.” img.alignright { float: right; margin: 0 0 1em 1em; } img.alignleft { float: left; margin: 0 1em 1em 0;

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