The City of Berea Economic Development Department has begun a series of regular emails updates to assist Berea businesses in the midst of the COVID-19 public health crisis. Click below to view the each email update.
If you like to be included on future email updates click here
Small Business Administration - Economic Injury Disaster Loans
In response to the COVID-19 pandemic, the Small Business Administration ("SBA") is now accepting applications for its Economic Injury Disaster Loan ("EIDL") from small business owners in Berea.
Funds from an EIDL can be used to pay for normal operating expenses and working capital. Loan applications can be completed online. For more information about the loan program, visit the SBA Economic Injury Disaster Loan website.
PLEASE NOTE: earlier this year, the SBA was offering an advance on EIDLs and this advance did not need to be repaid. This EIDL Advance option is no longer available.
Small Business Administration - Debt Relief Program
The SBA Debt Relief program will provide a reprieve to small businesses as they overcome the challenges created by this health crisis. As part of their coronavirus debt relief efforts, the SBA will pay 6 months of principal, interest, and any associated fees that borrowers owe for all current 7(a), 504, and Microloans in regular servicing status as well as new 7(a), 504, and Microloans disbursed prior to September 27, 2020.
This relief will be automatically provided as follows:
- For loans not on deferment, the SBA will begin making payments with the next payment due on the loan and will make six monthly payments.
- For loans currently on deferment, the SBA will begin making payments with the next payment due after the deferment period has ended and will make six monthly payments.
- For loans made after March 27, 2020 and fully disbursed prior to September 27, 2020, the SBA will begin making payments with the first payment due on the loan and will make six monthly payments.
Whether it is a quaint store in the historic downtown or a high tech manufacturer on the industrial corridor, Berea is a great place to do business. Berea businesses are treated by the residents and local government as partners, all striving to make Berea a better, more dynamic community.
The City of Berea Economic Development provides existing businesses with support to retain and expand their workforce and operations. Likewise, the Economic Development Department showcases Berea’s numerous strengths and advantages to local, regional and international businesses intent on expanding.
With a vast array of business resources at the local, county, state and national level, the Economic Development Department is devoted to connecting businesses with the resources that best fit their needs.
City of Berea Business Development Grants
The City of Berea has developed several innovative
grant programs to assist businesses with:
- Building Improvements
- Digital Marketing
- Exterior Signage
- Rent Reimbursement
- Sustainability Consulting
- Many other programs
Partnership with the Baldwin Wallace University Digital Marketing Clinic
The City of Berea Economic Development Department has partnered with the Baldwin Wallace University Digital Marketing Clinic ("DMC") to help Berea business with their digital marketing efforts. Through this partnership, the DMC has created the Berea Biz Resource Portal website which contains digital marketing resources, tactics and best practices for Berea businesses.
In conjunction with the DMC and the Berea Chamber of Commerce, the Economic Development Department hosts four Small Business Development Seminar throughout the year. These free seminars are frequently referred to as #bereabiznight and at each seminar a student in the DMC will present information about a specific area of digital marketing. All seminars start at 6:30 p.m. and are held at the Baldwin Wallace University Center for Innovation and Growth, 340 Front Street, Berea, Ohio 44017.
|February 26, 2020||Registration is now closed||DMC Materials|
|May, 2020||Cancelled due to Covid-19|
|September, 2020||Cancelled due to Covid-19|
|November, 2020||Cancelled due to Covid-19|
Partnership with the Small Business Development Center at Lorain County Community College
Small Business Development Centers (SBDC) are sponsored by the United States Small Business Administration and provide free services to businesses, including:
- Mentoring and Coaching;
- Market research;
- Business planning;
- Access to funding;
- Access to resources; and more
The SBDC at Lorain County Community College holds office hours once a month at the City of Berea Business Outreach Office at 173 Front Street, Berea, Ohio 44017.
Interested businesses, should contact Beth Gantz at firstname.lastname@example.org to make an appointment.
Partnership with the Ohio University Procurement Technical Assistance Center (PTAC)
The purpose of the PTAC is to assist Ohio businesses to sell goods and services to local, state and federal government. Through the partnership with the City of Berea, the PTAC will hold office hours once a month at the City of Berea Business Outreach Office, 173 Front Street, Berea, Ohio 44017 to assist businesses to identify, compete and submit for government contracts. Assistance can come in the form of one-on-one training, direct counseling, marketing and more.
If you are interested in speaking with PTAC, please register here: https://www.center-gateway.com/#/application_form
Developing Relationships With Businesses
We have worked to develop relationships with several local and national agencies that are geared towards helping businesses thrive
- 10,000 Small Businesses
- Aerozone Alliance
- Aviatra Accelerators
- Berea Chamber of Commerce
- Economic and Community Development Institute ("ECDI")
- SBDC at Lorain County Community College
- SCORE Cleveland
- Hispanic Business Center ("HBC")
- Ohio University Procurement Technical Assistance Center
- Women’s Business Center of Ohio
- National Development Council ("NDC")
- And many more!
If your business is interested in finding out more about any of these organizations, please contact us.Aerozone Alliance Map
Please contact us to find out how we can help.