Small Business Recovery Grant Program to help offset economic losses caused by the continuing pandemic.
Donor Name: Miami County Department of Development
State: Ohio
County: Miami County (OH)
Type of Grant: Grant
Deadline (mm/dd/yyyy): 05/31/2022
Size of the Grant: $25,000
Details:Â
This program will provide grants to reimburse eligible business owners for COVID-19- related expenses, which are defined in the following document along with eligible reimbursement costs and additional program guidelines.
Funding Information
Eligible bricks-and mortar businesses may apply for a one-time grant of up to $25,000 to reimburse for pandemic-related expenses. Eligible at-home businesses may apply for a one-time grant of up to $10,000 for pandemic-related expenses. Award determinations will be based on availability of funds as well as the applicant’s submitted receipts, mortgage or rent records, and other documentation indicating COVID-19 public health emergency-related business expenses. Applicants should be aware that this grant may be considered income for tax-reporting purposes.
Eligibility Criteria
- Must have been negatively impacted by the COVID-19 pandemic.
- Must have 50 full-time-equivalent employees or less at time of application.
- Must have less than $5 million in gross annual revenue per most recent federal tax return.
- Must be registered to do business in Ohio and been in operation since at least January 1, 2020.
- Must be operating within the jurisdictional boundaries of Miami County, Ohio.
- Ineligible organizations are those that are in pending bankruptcy proceedings or that will file for such bankruptcy protections within six months of the date of application for assistance.
- Must be in good standing with local, state, and federal jurisdictions with respect to taxes, fees, utility payments, and other financial obligations.
Additional Qualifiers (must also meet all of the above criteria):
- Businesses serving underserved communities.
- Businesses involved in pandemic-impact mitigation efforts
- Business demonstrating increase in expenses likely caused by COVID (recruitment costs, employee retention costs, etc.).
- Start-ups and microbusinesses.
For more information, visit Small Business COVID-19 Recovery Grant Program.