NEW Mahoning County Small Business Grant Up To $10K
Valley Partners will be administering the new Mahoning County Small Business Relief Fund II, thanks to an award provided by the Mahoning County Commissioners through their American Rescue Plan monies in the amount of $1 million dollars. Grants up to $10,000 will be available to eligible small businesses within Mahoning County and awarded on a first come-first serve basis.
Applications will be accepted for first-time grant recipients starting today, November 1st, and will be open to all businesses on November 8.
Eligibility Requirements
- Must show a revenue reduction of at least 25% on Tax Returns filed with the IRS from 2019 to 2020.
- Must be a for-profit or not-for-profit entity with a location in Mahoning County.
- Must have been operational since January of 2019.
- Must have less than $1.5 million gross revenue/receipts on an annual basis as evidenced on tax returns.
- Must have 50 or fewer employees or 1099 workers as of December 31, 2020.
- Must be able to attest that it is current with all federal, state, county and local taxes and fees.
- Must be able to attest that it is in good standing with all applicable government regulations.
- Must be able to attest that it is not currently in bankruptcy.
- Must be able to attest MCSBRF II dollars will not be utilized for any expenses that the business has already received other federal assistance for in regards to lost revenue or expenses arising from the pandemic, including Paycheck Protection Program, Emergency Disaster Loan, etc.
- Businesses (and their associated holdings and accounts) may not be subject to any lien (other than current loans secured by real property), garnishment, attachment, forfeiture or other like collection effort that could jeopardize the intended purpose of the grant.
- Only ONE grant recipient per eligible SSN/EIN is allowed. (multiple locations only considered if different EIN).
Completed applications (including supporting documentation) should be sent to [email protected]. For any questions on the application, please contact Mario Nero at 330-759-3668 ext 122 or [email protected].
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