Pandemic Restoration Grant Programs for Smaller and Medium-Sized Corporations Accessible Starting Tuesday

4 new grant programs intended to guide little and medium-sized company recover from the influence of the COVID-19 pandemic will commence accepting applications Tuesday, June 29, 2021.

The courses will present $155 million in grant funding to firms that opened in 2020, food items and beverage establishments, leisure venues, and lodging venues. Added info is accessible at BusinessHelp.Ohio.Gov.

The 4 new grant plans incorporate:

– The Foods and Beverage Establishment Grant will provide grants of $10,000, $20,000, or $30,000 to dining establishments, bars, coffee outlets, and other food and consume businesses. The amount of money of individual grants to eligible corporations will be decided by the business’s decline of income in 2020. The complete funding out there for this application is $100 million.

To assure the grants are spread through the state, $500,000 will be established apart for firms in every single of Ohio’s 88 counties. As organizations in just about every county are authorized for funding, the grants will be awarded on a very first-occur, first-served foundation. When a county’s allocation is depleted, firms in that county will be eligible to obtain grants from the remaining cash in the overall grant application. If companies in a county do not deplete the county’s allocation by July 31, the remaining money will come to be readily available to corporations statewide.

– The Amusement Venue Grant will deliver grants of $10,000, $20,000, or $30,000 theaters, audio venues, spectator sporting activities venues, museums, and other amusement venues. The amount of money of particular person grants to qualified businesses will be identified by the business’s decline of revenue in 2020. The complete funding offered for this software is $20 million.

To make certain the grants are distribute through the point out, $150,000 will be set aside for companies in every single of Ohio’s 88 counties. As firms in each and every county are approved for funding, the grants will be awarded on a initially-come, very first-served foundation. When a county’s allocation is depleted, organizations in that county will be suitable to receive grants from the remaining cash in the in general grant application. If firms in a county never deplete the county’s allocation by July 31, the remaining resources will turn into offered to firms statewide.

– The Lodging Grant will present grants of $10,000, $20,000, or $30,000 to motels, motels, and mattress and breakfast operations. The total of specific grants to eligible firms will be established by the business’s decline in occupancy rate in 2020. The full funding obtainable for this program is $25 million.

To ensure the grants are unfold through the condition, $100,000 will be set apart for enterprises in every of Ohio’s 88 counties. As enterprises in every county are approved for funding, the grants will be awarded on a initial-appear, very first-served foundation. When a county’s allocation is depleted, organizations in that county will be suitable to acquire grants from the remaining money in the all round grant plan. If firms in a county don’t deplete the county’s allocation by July 31, the remaining funds will turn into available to corporations statewide.

– The New Compact Business enterprise Grant will present grants of $10,000 to compact enterprises that had been recognized in between Jan. 1, 2020, and Dec. 31, 2020. The whole funding readily available is $10 million.

To make sure the grants are unfold all through the condition, $100,000 will be established aside for corporations in every single of Ohio’s 88 counties. As corporations in each individual county are authorized for funding, the $10,000 grants will be awarded on a to start with-appear, to start with-served basis. When a county’s allocation is depleted, organizations in that county will be qualified to obtain grants from the remaining resources in the total grant program. If companies in a county never deplete the county’s allocation by July 31, the remaining resources will turn out to be readily available to enterprises statewide.