Grants still available to new small businesses
Businesses that opened in 2020 can apply for $10,000 grants through a program offered by the Ohio Department of Development.
The New Small Business Grant is available to businesses that were established between Jan. 1, 2020, and Dec. 31, 2020. Details about the grant are available in the For Businesses section at InvestingInOhiosFuture.Ohio.Gov, including the grant’s terms and conditions, a fact sheet, and frequently asked questions. New Small Business Grant Relief
The Department of Development is offering grants to businesses in three sectors that were significantly affected by the COVID-19 pandemic. The programs are:
- Food and Beverage Establishment Grant: This program provides grants of $10,000, $20,000, or $30,000 to restaurants, bars, coffee shops, and other food and drink businesses. The amount of individual grants to eligible businesses will be determined by the business’ loss of revenue in 2020. Food and Beverage Establishment Grant Fact Sheet
- Lodging Grant: This program provides 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. Lodging Grant Fact Sheet
- Entertainment Venue Grant: This program provides grants of $10,000, $20,000, or $30,000 to 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. Entertainment Venue Grant Fact Sheet
Each program requires applicants to have an OH|ID. Register at OH|ID (ohid.ohio.gov) by creating an account with a username/password. For help with the process, click here.
