On Tuesday, April 21, the OMA hosted an hour-long phone call with U.S. Sen. Rob Portman (R-Ohio), who updated members on recent federal legislation and new programs in response to COVID-19. During the call, the senator heard from a panel of large and smaller manufacturers who conveyed industry concerns, including problems with supply chains, availability of protective equipment, and the varying definitions of “essential business” across the county.
Listen to the call. (It begins at the 4:25 mark.)
The senator noted several tax provisions that can help businesses with liquidity. OMA Connections Partners — including Plante Moran and GBQ Partners — have provided guidance on the recently enacted tax relief. The IRS also has a site detailing coronavirus tax relief for businesses. 4/21/2020