Ohio has four grant programs for small, medium businesses

Aug 4, 2021 | Business | 0 comments

Ohio business owners are being reminded by state officials that grants are available through the Ohio Department of Development to help small and medium-sized businesses recover from the impact of the coronavirus pandemic.

A total of $310 million is being offered across four grant programs to help new businesses that opened in 2020, food and beverage establishments, entertainment venues, and lodging venues.

To ensure the grants are spread throughout the state, each program has a set-aside amount of funding for each of Ohio’s 88 counties. If businesses in a county do not deplete the county’s allocation by July 31, the remaining funds will become available to businesses statewide.

“I strongly encourage Ohio’s small and medium-sized business owners to apply for these grants,” said Gov. Mike DeWine. “Funding is set aside for businesses in all of Ohio’s 88 counties and grants range from $10,000 to $30,000 apiece. As we continue our recovery from the pandemic, we want to give our local businesses this money to help them successfully move forward.”

The grant programs were launched in June, with $155 million made available by the Ohio General Assembly. On July 1, the fund doubled to $310 million when the new fiscal year budget was approved.

All four programs are administered by Development. Program guidelines, terms and conditions, and required documentation for all four programs are available at BusinessHelp.Ohio.Gov. Applications will remain open until funds are exhausted.

Ohio Small Business Development Centers and Ohio Minority Business Assistance Centers are staffed with advisors who can help businesses with the application process.

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