Ohio Announces 4 New Small Business Grants for Hardest-Hit Businesses
Published on by Cheryl Ganim in COVID-19
Ohio Governor Mike DeWine announced four new grants designed to support Ohio small businesses, bars, and restaurants. The grants range from $10,000 – $30,000 for qualifying small businesses that have been in operation since at least December 1, 2019. The business must have experienced at least a 10% reduction in average monthly sales/revenue in 2020 compared to 2019 average monthly sales/revenue at one or more Ohio locations as a result of COVID-19, or a 10% reduction in occupancy in 2020.
Applications open June 29, 2021.
Food and Beverage Establishment Grant
The Food and Beverage Establishment Grant provides grants up to $30,000 to restaurants, bars, coffee shops, and other food and drinking businesses affected by the COVID-19 pandemic. The business must have at least one physical location in Ohio that has been in industries including food service contractors; caterers; mobile food services; drinking places, such as bars, taverns, nightclubs, etc.; full-service restaurants; limited-service restaurants; coffee shops; cafeterias; buffets; snack and nonalcoholic beverage bars; and businesses that do not otherwise qualify for the Entertainment Venue Grant because they earn more than 50% of their revenue from the sale of food and/or beverages.
Entertainment Venue Grant
The Entertainment Venue Grant provides grants up to $30,000 to theaters, music venues, spectator sports venues, museums, and other entertainment establishments. Eligible entities include theaters and dinner theaters; movie theaters; indoor and/ or outdoor music venues; comedy clubs; concert halls; spectator sports venues; museums; arts centers/galleries; historical sites; zoos and botanical gardens; amusement and theme parks; family fun centers; trampoline and adventure parks; arcades; golf courses; sports centers; skiing facilities; marinas; recreational sports centers; and bowling centers.
Lodging Grant
The Lodging Grant provides grants up to $30,000 to lodging businesses, with 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’s decline in occupancy rate in 2020. The business must have a hotel/motel license from the Ohio Department of Commerce. Businesses can be a hotel, motel, or bed and breakfast. The business must have experienced at least a 10% reduction in occupancy in 2020 as a result of COVID-19.
New Small Business Grant
The New Small Business Grant provides grants of up to $10,000 to small businesses that were established between Jan. 1, 2020, and Dec. 31, 2020. The business must be a for-profit entity that has at least two and no more than 25 Ohio employees paid via W2 wages as of Jan. 1, 2021. The business must have a physical location in Ohio and have experienced revenue loss or unplanned costs because of the COVID-19 pandemic.
The program is administered by the Ohio Development Services Agency.
Talk to a Pro
Whether your organization qualifies for one of these new Ohio grants or not, it’s important you know what the Employee Retention Tax Credit (ERTC) could mean for your business or non-profit organization. Take our 3-minute ERTC Quick Test, or just contact us – we’re here to help.
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