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New Grant Programs Approved to Help Small Businesses

Governor Mike DeWine signed two bills from the Ohio General Assembly that include four new grant programs to help small businesses affected by the COVID-19 pandemic.

New Grant Programs Approved to Help Small Businesses

Governor Mike DeWine signed two bills from the Ohio General Assembly that include four new grant programs to help small businesses affected by the COVID-19 pandemic.

The programs are:

  • Food and Beverage Establishment Grant: This program will provide grants of $10,000, $20,000, or $30,000 to restaurants, bars, coffee shops, and other food and drinking businesses. The amount of individual grants to eligible businesses will be determined by the business' loss of revenue in 2020.
  • Entertainment Venues Grant: This program will provide grants of $10,000. $20,000, or $30,000 theaters, music venues, spectator sports venues, museums, and other entertainment venues. The amount of individual grants to eligible businesses will be determined by the business' loss of revenue in 2020.
  • Lodging Grant: This program will provide grants of $10,000, $20,000, or $30,000 to hotels, motels, and bed and breakfast operations. The amount of individual grants to eligible businesses will be determined by the business' decline in occupancy rate in 2020.
  • New Small Business Grant: This program will provide grants of $10,000 to small businesses that were established after Jan. 1, 2020, through Dec. 31, 2020.

Details about the programs, including when applications will open, will be announced soon. Before the Development Services Agency launches the programs, more details will be posted under Investing in Ohio’s Future at BusinessHelp.Ohio.Gov.

Each program will require applicants to have an OH|ID, and businesses that plan to apply can get an OH|ID now, if they don't already have one. Register in OH|ID (https://ohid.ohio.gov) by creating an account with a username/password. Click on Create OH|ID Account to set up an account in OH|ID. For help with the process, click here.