CINCINNATI – A pair of nearby foundations are providing $5,000 grants to support tiny firms owned by women of all ages, veterans and minorities overcome the worries of COVID-19.
The Cincinnati Regional Chamber Basis declared Thursday that it is continuing its reduction method in partnership with the Duke Vitality Basis. The businesses will deliver $75,000 in total grant funding to up to 13 firms. To be qualified, a firm must have fewer than $1 million in annual revenues and less than 100 personnel.
Jill Meyer, president and CEO of the Cincinnati United states of america Regional Chamber, known as the program “critically important” to aiding tiny enterprises, several of which are under-resourced thanks to the difficulties of the final year-and-a-fifty percent.
“The Chamber remains totally dedicated to supporting the region’s tiny company group particularly in a period when company proprietors are however going through the economic pressure of the pandemic,” she mentioned.
“Our modest enterprise buyers, which are a foundation of our communities, go on to wrestle as the pandemic persists,” included Amy Spiller, president of Duke Electrical power Ohio and Kentucky. She stated the goal of the plan is to help these corporations triumph.
The two foundations also gave out $75,000 in reduction grants very last 12 months. Throughout that round, 14 nearby organizations received grants in various increments, up to $10,000.
One particular of those recipients was Wave Pool, a women-operated nonprofit company in Camp Washington. Beyond staying an artwork center, Wave Pool hosts a social company managed and led by immigrants and refugee women. It truly is called The Welcome Task.
Executive Director Cal Cullen mentioned the resources helped Wave Pool deliver refreshing deliver and shelf-stable products to the neighborhood.
“This grant authorized us to remain afloat in the course of the COVID crisis and extra than stay afloat, it enabled us to continue to operate plans. We transitioned our grocery market place into a meals pantry through that time, so this grant served us do that and retain our staff used,” she explained.
Wave Pool has four total-time staff members.
Resources can be utilised for various operational expenses this sort of as payroll support, home finance loan payments and any other financial debt obligations. Money can also go toward authorized or technical guidance for small corporations in navigating new federal and condition packages, the Chamber mentioned.
For additional facts on grant eligibility and how to implement, go to www.cincinnatichamber.com/DukeFund.