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Grand Lake businesses eligible for federal aid after toxic algae problem

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Staff Report Updated 6:52 AM Thursday, October 21, 2010

The U.S. Small Business Administration has declared a disaster in Auglaize, Mercer and other counties impacted by a toxic algae bloom at Grand Lake St. Marys, and it will make assistance available, it was announced today.

Funds from the SBA Economic Injury Disaster Loan Program will be available to small businesses, agricultural cooperatives and most private non-profit organizations in selected counties, according to a release from Gov. Ted Strickland, who requested the SBA assistance Oct. 15. The assistance will be available to organizations in Auglaize, Mercer, Allen, Darke, Hardin, Logan and Shelby counties.

Strickland said it will help the businesses and community around the lake recover from an economic hardship.

“I deeply appreciate the SBA’s quick action to declare a disaster and make these much-needed loans available to the small businesses that struggled because of a loss of revenue this summer,” Strickland said.

Applications will be taken by telephone or Internet for nine months from the declaration, the release said. The SBA will release further information on the application process today, officials said.

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