Updated: Nov 17, 2020
Last week, the Ohio Development Services Agency released guidance for the State’s new $125M Small Business Relief Grant. The application for this grant opens today (Monday, November 2, 2020) at 10:00 AM.
More Information: https://businesshelp.ohio.gov/
The purpose of this grant is to assist Ohio businesses that have been negatively impacted by the COVID-19 pandemic and mandated health orders, using funding the State of Ohio received through the CARES Act.
Who is Eligible?
For-profit businesses with no more than 25 total or 25 full-time equivalent Ohio employees as of January 1, 2020
Applicant must have a physical location in Ohio
Applicant must earn at least 90% of annual revenue from Ohio-based activities
Applicant must have been in continuous operation since January 1, 2020, except for interruptions required by COVID-19 public health orders
Applicant must have a going concern regarding the continuation of operations
Who is Not Eligible?
Publicly traded businesses
Majority interest owned by persons under the age of 18
Businesses operating within the following industries: