COVID-19 Small Business Support
On Friday, Ohio Governor Mike DeWine and Lt. Governor Jon Husted announced that the administration, in partnership with the General Assembly, is developing a package of more than $419.5 million CARES Act funding to help Ohioans. This package includes funding for small businesses, restaurants and bars, hospitals, higher education, arts, nonprofits, and low-income Ohioans impacted financially by the pandemic.
The package includes $125 million in CARES Act funding to provide grants to small businesses with no more than 25 employees. The grant funding will help businesses pay for a variety of expenses, including mortgage or rent payments; utility payments; salaries, wages, or compensation for employees and contractors; business supplies or equipment; and other costs. The application for the Small Business Relief Program will be available November 2, 2020 at http://www.businesshelp.ohio.gov.
The administration will also designate funds to the following: $37.5 million of CARES Act funding for the Bar and Restaurant Assistance Fund; $50 million to 47 Community Action Agencies to provide rent, mortgage, and water and/or sewer assistance; $100 million for higher education; $62 million for rural and critical access hospitals; $25 million for nonprofits; $20 million to support Ohio’s arts organizations.
Cincinnati USA Regional Chamber