Ohio doubled funding for four grant programs aimed at helping businesses affected by the coronavirus pandemic, bringing funds to $310 million.
The programs include a food and beverage establishment grant, entertainment venue grant, lodging grant and a new small business grant.
Applications are available at BusinessHelp.Ohio.Gov.
Grants will be awarded on a first-come, first-serve basis. To make sure funds are spread out properly throughout the state, a set amount will be put aside for each county for each grant. Once a county’s allocation is depleted, businesses in that county will be eligible for grants using the remaining funds. If a county does not use all of the funds set aside by July 31, the remaining amount will be available statewide.
“I strongly encourage Ohio’s small and medium-sized business owners to apply for these grants,” said Gov. Mike DeWine. “Funding is set aside for businesses in all of Ohio’s 88 counties and grants range from $10,000 to $30,000 apiece. As we continue our recovery from the pandemic, we want to give our local businesses this money to help them successfully move forward.”
Funding was doubled from $155 million to $310 million on July 1 after the governor signed the new budget for the fiscal year.
The new small business fund will award grants of $10,000. It will have $20 million total in funding.
The other three programs will offer $10,000, $20,000 and $30,000 grants. The food and establishment grant will receive $200 million in funding, the lodging grant will receive $50 million and the entertainment venue grant will receive $40 million.
For information on guidelines, terms and conditions and required documentation, visit https://businesshelp.ohio.gov/.
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