Columbus, OH — As President Biden nears his first 100 days in office, Ohioans are benefitting from the President’s focus on helping Ohio recover economically from the pandemic and from the American Rescue Plan he signed into law with the help of Ohio Democrats. After Ohio was hit hard by the economic consequences of the pandemic, under Biden’s leadership, the state’s unemployment rate is falling and small businesses across the state are getting the help they need to open back up.
“Thanks to the steadfast commitment of President Biden, Sen. Brown and Reps. Beatty, Kaptur and Ryan to help working families in Ohio recover from the pandemic, Ohio is building back better and on the road to recovery. We’re not out of the woods yet, but after a terrible year for our state, Ohioans are finally getting the help they need to take care of themselves and their families thanks to President Biden’s leadership,” said Matt Keyes, spokesperson for the Ohio Democratic Party.
Thanks to the American Rescue Plan, Ohio has received:
Economic impact payments of up to $1,400 per person (above the $600 per person provided in December) for more than 7.4 million adults and 2.8 million children. This is 89% of all adults in the state and 87% of all children in the state.
Additional relief of up to $1,600 per child through the Child Tax Credit to the families of 2,372,000 children, lifting 132,000 children out of poverty.
Additional relief of up to nearly $1,000 through the Earned Income Tax Credit to 695,000 childless workers, including many in frontline jobs.
Since President Biden took office, more than a million jobs have been created across the country and weekly unemployment claims fell last week to the lowest level since March of last year, when the pandemic began. The U.S. economy is headed for its best year since 1984, and retail sales have surged by nearly 10 percent last month as small businesses open up and families have money in their pockets again, surpassing the expectations of Wall Street analysts.
Here in Ohio, state unemployment rates have fallen roughly 15% since from their height at the start of the year.