New Grant Programs Provide $155 Million to Ohio Businesses

New Grant Programs Provide $155 Million to Ohio Businesses

Ohio Governor Mike DeWine and Lt. Governor Jon Husted on Friday announced the launch of four grant programs to help small and medium-sized businesses recover from the impact of the coronavirus pandemic. The programs will provide $155 million to the four categories of Ohio businesses.

The Food and Beverage Establishment Grant will provide grants up to $30,000 to restaurants, bars, coffee shops, and other similar businesses affected by the COVID-19 pandemic. The amount of individual grants to eligible businesses will be determined by the business’ loss of revenue in 2020. $100 million is designated for this program.

The Entertainment Venue Grant will provide grants up to $30,000 to theaters, music venues, spectator sports venues, museums, and other entertainment venues affected by the COVID-19 pandemic. The amount of individual grants to eligible businesses will be determined by the business’ loss of revenue in 2020. $20 million is designated for this program.

The Lodging Grant will provide grants up to $30,000 to hotels, motels, and bed and breakfast operations affected by the COVID-19 pandemic. The amount of individual grants to eligible businesses will be determined by the business’ loss of revenue in 2020. $25 million is designated for this program.

The New Small Business Grant will provide grants of up to $10,000 to small businesses that were established between Jan. 1, 2020, and Dec. 31, 2020. $10 million is designated for this program to help ensure the survival and stability of these businesses. 

All four programs will be administered by the Ohio Development Services Agency. Guidelines, terms and conditions, and required documentation are available now at http://BusinessHelp.Ohio.Gov. Applications will be accepted beginning June 29, 2021.

_____

Shawna L. L’Italien, a lawyer in the Salem office of Harrington, Hoppe & Mitchell, focuses on on business transactions, estate planning, probate, elder law and real estate law. She can be reached at (330) 337-6586 or at slitalien@hhmlaw.com.