Small business grant applications are open

OSCPA staff report

Grant applications opened Monday, Nov. 2 at 10 a.m. for two recently announced Ohio COVID-19 relief programs. Companies may now apply for both the Small Business Relief Grant and the Bar and Restaurant Assistance Fund online.

Small Business Relief Grant
This grant of up to $10,000 per business is designed to help Ohio businesses that have been harmed by the effects of COVID-19. The $125 million grant fund will provide relief to Ohio businesses that have been negatively impacted by COVID-19. The business must be a for-profit entity with no more than 25 Ohio employees as of Jan. 1, 2020. The business must also have a physical location in Ohio and earn at least 90% of annual revenue based on activities performed in and taxable to Ohio. The business must have been in continuous operation since Jan. 1, 2020, except for interruptions required by COVID-19 public health orders and can continue operations as a going concern. For more information or to apply, visit BusinessHelp.Ohio.Gov. or read this fact sheet [PDF].

Bar and Restaurant Assistance Fund
This $38.7 million fund is designed to help Ohio’s on-premise liquor permit holders impacted by COVID-19 and limited in the full use of their liquor permit. Funding is from the CARES Act. The Ohio Department of Commerce Division of Liquor Control has more than 15,000 permit holders that qualify. This applies to roughly 30 permit types, including bars, restaurants, breweries, distilleries, wineries, casinos and private clubs. Permit holders need to have had an active on-premise permit as of close-of-business Oct. 23, 2020. The business does not have to be currently open but must have an active liquor license. After applying, a licensee will receive $2,500 per unique business location. For more information or to apply, visit BusinessHelp.Ohio.Gov or read this fact sheet [PDF].

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