Ohio CARES Act - New Funding Available

Oct 27, 2020

In the October 23, 2020 COVID-19 press briefing, Governor Mike DeWine announced $429.5M in CARES Act funding will be distributed as a relief package addressing several key areas, that have been significantly impacted by the pandemic.

Small Business Relief

  • $125M to establish Small Business Relief Grant program providing grants to eligible small businesses
      • The Small Business Relief Program will provide $10K to eligible businesses, with no more than 25 employees
      • can be used for a variety of business-related expenses including salary, worker health care premiums, supplies, equipment, mortgage/rent payments and more
      • $44M set aside so all 88 counties get at least 50 businesses in each county
      • Businesses that completes the application, meet criteria and submit will be eligible, on a first come/first serve basis.
      • Apply online beginning November 2, 2020 - www.businesshelp.ohio.gov
  • $37.5M to the Bar and Restaurant Assistance Fund
      • Focused on the locally-owned community biz
      • In addition, may apply for both relief funds the Small Business Relief funding and the Restaurants and Bars Fund
      • Eligible businesses will receive $2500, distributed to eligible businesses with on-premises consumption permits including bars, restaurants, distilleries, etc.
      • Must have an active permit as of Oct. 23, 2020
      • To be eligible, restaurants or bars Do Not have to be currently open, but do have to have an active license
      • More information available - www.businesshelp.ohio.gov

The CARES Act funding will also help with critical services and everyday help for Ohio residents who are negatively impacted by the coronavirus crisis.

  • $62M funding relief to rural and critical access hospitals
  • $50M relief program for Ohio residents to access rental, mortgage, water, and or sewer utility assistance
  • $100M for higher education sites to be used for critical services, including targeting student mental health needs and COVID testing
  • $25M for non-profits
  • $20M to support arts in Ohio