On Friday, Governor Mike DeWine announced the designation of $125 million of federal CARES Act funding to provide $10,000 grants to aid small businesses hurt by the current crisis. Designation of additional funding was also announced for bars and restaurants, higher education, and nonprofits and arts organizations.
GCP was a key advocate on behalf of small business members, encouraging a portion of remaining CARES Act funds to be used for the creation of such a program. In a September letter to Governor DeWine, Senate President Obhof, and Speaker Cupp, Marty McGann, Executive Vice President of Advocacy, urged that “as policymakers decide where to direct federal CARES Act dollars, it is critical that a portion of Ohio’s remaining allocation support our small businesses.”
In addition to the Small Business Relief Grant program, the state will designate $37.5 million of funding to provide $2,500 assistance payments to on-premise liquor permit holders to help them through the financial difficulties experienced during the pandemic. Both programs, the Bar and Restaurant Assistance Fund and the Small Business Relief Grant program, will begin accepting applications on November 2, 2020.
You can learn more about the programs here.
RSVP Now: Small Business Relief Grant Info Session with Lydia Mihalik, Director of Ohio DSA
On Tuesday, October 27 at 11:00 AM, GCP will host the Director of the Ohio Development Services Agency (DSA) Lydia Mihalik for an informational session about the state’s Small Business Relief Grant program. The program will offer grants of $10,000 to small businesses with 25 employees or less. The program, which will begin accepting applications November 2, will be administered by the Ohio DSA.