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The original item was published from 10/26/2020 9:30:37 AM to 11/29/2020 5:05:02 PM.

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Posted on: October 26, 2020

[ARCHIVED] State Announces Two New Business Grants

On Friday, Ohio Governor Mike DeWine and Lt. Governor Jon Husted announced a $125 million grant program to help small businesses that have been harmed by the effects of COVID-19. The grants will provide $10,000 to small businesses in Ohio with no more than 25 employees. The program will be administered by the Ohio Development Services Agency.

Eligible businesses that are approved to receive grants can use the money for a variety of expenses, including mortgage or rent payments; utility payments; salaries, wages, or compensation for employees and contractors; business supplies or equipment; and other costs. To ensure the grants are spread throughout the state, $500,000 will be set aside for businesses in each of Ohio’s 88 counties. When a county’s allocation is depleted, businesses in that county will be eligible to receive grants from the remaining funds in the overall grant program. If businesses in a county do not deplete the county’s allocation within 21 days after the application period opens, the remaining funds will become available to businesses statewide.

The state of Ohio has also created a $37.5 million fund to help bars and restaurants that have been hurt by the COVID-19 pandemic. The fund will provide $2,500 grants to eligible liquor permit holders in Ohio.

Applications for both programs open November 2 at businesshelp.ohio.gov. Funding for the programs is contingent on approval by the Ohio Controlling Board.

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