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Grants available to help county small businesses
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Carroll County Economic Development is launching a small business grant program to assist Carroll County small businesses impacted by COVID-19.
Known as Carroll County CARES – COVID-19 Small Business Grant, the program is offering a total of $150,000 to help small businesses. Small businesses which qualify are eligible to receive up to $10,000.
“The pandemic has been hard on our local small business owners and negatively affected our local economy,” said Christopher Modranski, Economic Development director. “We have been blessed with the CARES Act funding to help out some of our businesses and our economy.”
County Commissioners received nearly $900,000 in funding from the CARES Act and Ohio House Bill 481 for necessary expenditures incurred due to COVID-19. Eligible expenditures include medical expenses, payroll expenses for employees who are “substantially dedicated” to responding to COVID-19, actions to facilitate compliance with public health measures, expenses reasonably necessary to the function of government, and a provision of economic support to the community.
“I encourage our small business owners to apply immediately when the application is released so they can get the help they need to recover from this pandemic,” said Modranski. “Our businesses sacrificed by closing or modifying their operation to protect the health of our citizens and now it’s our turn to help them.”
To qualify for the grant program, businesses must:
• Be locally owned and operated in Carroll County
• Demonstrate a negative impact and revenue loss of 10% or more as a result of COVID-19
• Have more than 2 but fewer than 25 full-time equivalent employees
• Be current on all state, federal and local taxes
• Annual gross receipts of less than $2,000,000
Small business grant applications are available starting Aug. 26, at noon and must be submitted by Sept. 2. The application is available on-line at https://carrollcountyohio.us/agencies-and-departments/economic-development/.
There is the potential for more funding once this first round is completed.
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