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
$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
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