Business loans

photo of cash
SHUTTERSTOCK

Summit County is working with the Greater Akron Chamber of Commerce to set up grants intended to help public and private businesses make it through the period of shutdown brought on by the coronavirus.

Chamber CEO Steve Millard said businesses can use grants of up to $5,000 to cover payroll, rent or other operating expenses.

photo of The Cover of the report on microbusinesses from the Federal Reserve Bank of Cleveland
THE FEDERAL RESERVE BANK OF CLEVELAND / THE FEDERAL RESERVE BANK OF CLEVELAND

New business startup rates in Ohio and across the U.S. remain low despite a growing economy. The latest study from the Federal Reserve Bank of Cleveland offers one explanation for the trend.