New Grant Programs for Ohio Small Business
The state of Ohio will begin accepting applications Tuesday, June 29, for four grant programs that target businesses that have suffered significant losses during the COVID-19 pandemic.
The programs are:
- Food and Beverage Establishment Grant: This program will provide grants of $10,000, $20,000, or $30,000 to restaurants, bars, coffee shops, and other food and drinking businesses. The amount of individual grants to eligible businesses will be determined by the business’ loss of revenue in 2020.
- Entertainment Venue Grant: This program will provide grants of $10,000, $20,000, or $30,000 to theaters, music venues, spectator sports venues, museums, and other entertainment venues. The amount of individual grants to eligible businesses will be determined by the business’ loss of revenue in 2020.
- Lodging Grant: This program will provide grants of $10,000, $20,000, or $30,000 to hotels, motels, and bed and breakfast operations. The amount of individual grants to eligible businesses will be determined by the business’ decline in occupancy rate in 2020.
- New Small Business Grant: This program will provide grants of $10,000 to small businesses that were established between Jan. 1, 2020, and Dec. 31, 2020.
The Ohio Development Services Agency will administer the grants. More information about these programs is available online at BusinessHelp.Ohio.gov, including each grant program’s terms and conditions, fact sheets, and frequently asked questions.
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