Grant Assistance Still Available for Ohio Small Businesses
GRANT ASSISTANCE STILL AVAILABLE
Ohio small businesses are reminded that the application period for the Small Business Relief Grant and Bar and Restaurant Assistance Fund is now open.
The Small Business Relief Grant provides a $10,000 grant to small businesses with at least one but no more than 25 employees. The grant funding will help businesses pay 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. Grants will be awarded on a first-come, first-served basis. 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.
The Bar and Restaurant Assistance Fund provides $2,500 for those permit holders who haven’t been able to fully use their liquor permit. Businesses with an on-premise consumption permit through the Ohio Department of Commerce will be eligible to receive $2,500 per unique business location. Businesses need to have an active on-premise permit as of close of business on October 23, 2020.
More information can be found at BusinessHelp.Ohio.gov.