Small Business Relief Grants

First published via eNewsletter on October 23, 2020

Ohio CARES Act Grants – New Funding Available  

In today’s COVID-19 press briefing, Governor Mike DeWine announced $429.5M in CARES Act funding will be distributed as a relief package addressing several key areas, that have been significantly impacted by the pandemic. Watch the Governor’s announcement on October 23, 2020, here.

Small Business Relief

  • $125M to establish Small Business Relief Grant program providing grants to eligible small businesses

  • The Small Business Relief Program will provide $10K to eligible businesses with no more than 25 employees
  • can be used for a variety of business-related expenses including salary, worker health care premiums, supplies, equipment, mortgage/rent payments and more
  • $44M set aside so all 88 counties get at least 50 businesses in each county
  • Businesses that complete the application, meet criteria and submit will be eligible, on a first-come/first-serve basis.
  • Apply online beginning November 2, 2020 – www.businesshelp.ohio.gov
  • FAQs

 

  • $37.5M to the Bar and Restaurant Assistance Fund

    • Focused on the locally-owned community biz
    • In addition, may apply for both relief funds the Small Business Relief funding and the Restaurants and Bars Fund
    • Eligible businesses will receive $2500, distributed to eligible businesses with on-premises consumption permits including bars, restaurants, distilleries, etc.
    • Must have an active permit as of Oct. 23, 2020
    • To be eligible, restaurants or bars Do Not have to be currently open but do have to have an active license
    • More information available – www.businesshelp.ohio.gov
    • FAQs

 

The CARES Act funding will also help with critical services and everyday help for Ohio residents who are negatively impacted by the coronavirus crisis.

  • $62M funding relief to rural and critical access hospitals
  • $50M relief program for Ohio residents to access rental, mortgage, water, and or sewer utility assistance
  • $100M for higher education sites to be used for critical services, including targeting student mental health needs and COVID testing
  • $25M for non-profits
  • $20M to support arts in Ohio

For additional details, please consult the attached flyers and visit www.businesshelp.ohio.gov or email BusinessHelp@Development.Ohio.Gov for the latest up-to-date information.