Overview
Ohio Governor Mike DeWine and Lt. Governor Jon Husted announced a $125 million grant program to help small businesses that have been harmed by the effects of COVID-19.
The Small Business Relief Grant is designed to assist Ohio businesses that have been harmed by the effects of COVID-19. The $125 million grant fund will provide relief to Ohio businesses that have been negatively impacted by COVID-19. Funding for the program is from the CARES Act.
Application Process
The Ohio Development Services Agency is establishing an online application for the program. Businesses applying for funding will be required to establish a registration ID with the state of Ohio.
The application will be available November 2, 2020.
Eligible Businesses
The business must be a for-profit entity with no more than 25 Ohio employees as of Jan. 1, 2020.
The business must also have a physical location in Ohio and earn at least 90% of annual revenue
based on activities performed in and taxable to Ohio.
The business must have been in continuous operation since Jan. 1, 2020, except for interruptions
required by COVID-19 public health orders and have the ability to continue operations as a going
concern.
Eligible Uses of Funds
Grant funds can be used to reimburse eligible businesses for the following expenses because of revenue loss or unplanned costs caused by COVID-19:
• Personal protective equipment to protect employees, customers, or clients from COVID-19.
• Measures taken to protect employees, customers, or clients from COVID-19.
• Mortgage or rent payments for business premises (personal residences explicitly excluded).
• Utility payments.
• Salaries, wages, or compensation paid to contractors or employees, including an employer’s share of health insurance costs.
• Business supplies or equipment.
Click
HERE for the program information brochure
Learn more about the program including where to go for the application on Nov. 2 at
BusinessHelp.Ohio.Gov
