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The Ohio Bureau of Workers' Compensation’s Board of Directors today approved to send up to $1.6 billion to Ohio employers this spring to ease the economic impact of the coronavirus (COVID-19) pandemic.
The Board met in a virtual emergency session this morning in response to Ohio Governor Mike DeWine’s call for state agencies to do all they can to help the state’s business community withstand COVID-19’s challenges.
Mike DeWine and Ohio Bureau of Workers' Compensation (BWC) Administrator/CEO Stephanie McCloud yesterday proposed giving up to $1.6 billion to Ohio employers to ease the economic impact of the coronavirus (COVID-19) pandemic.
BWC’s Board of Directors will hold an emergency virtual meeting Friday to vote on the proposed dividend, which equals 100% of the premium employers paid in policy year 2018.
The Coronavirus Aid, Relief, and Economic Security (CARES) Act, provides automatic suspension of principal and interest payments on federally-held student loans through September 30, 2020. These suspended payments will count towards any student loan forgiveness program.
Here are some of the key points.
Here is a link to the application you need to complete and submit to a participating lender to apply for the SMALL BUSINESS PAYCHECK PROTECTION PROGRAM.
DJL Accounting & Consulting Group cares about our clients, employees, local businesses and neighbors. Your financial wellbeing and overall health and safety is our number one priority.
In response to the recent COVID-19 (Corona Virus) concerns, we have implemented our business contingency plans as a precautionary step.