The short list will be announced in July with winners announced in September.
Jacobs was shortlisted alongside Amy Spurway’s Crow and Drew Hayden Taylor’s play Cottagers and Indians.
The special honour recognizes a publisher who has promoted LGBTQ literature.
OLA has partnered with CBC Books for a 40-minute online award ceremony, which will take the place of the three-day, multiple city event.
First-time winners include novelist Michael Christie and YA author Tom Ryan.
A total of $30,000 will be split among the eight prizes.
Kellough will receive $65,000, the largest prize for a single volume of poetry in the world
Winners will be announced in an event online on June 17.
The annual awards recognize Canadian cartoonists and comic artists.