The Small Business STIMulus Grant Program is accepting applications to assist small, neighborhood-based businesses throughout Cuyahoga County in growing and scaling their business after surviving the COVID-19 pandemic, with an eye on support for minority-owned businesses.
Donor Name: Cuyahoga County
State: Ohio
County: Cuyahoga County (OH)
Type of Grant: Grant
Deadline: 09/09/2022
Size of the Grant: $50,000
Details:
Funding Information
The Small Business STIMulus Grant Program is a one-time payment granted to eligible applicants in an amount up to $50,000 for businesses with fewer than 50 full-time equivalent employees. Roughly $2 million will be available for grant allocation. Award amounts are available in increments of $10,000, $25,000, and $50,000.
Eligibility Criteria
An applicant must:
- Be a Cuyahoga County small business owner (applicant must be 51% majority owner).
- Have been in operation prior to June 1, 2020.
- Be in operation at the time of application (businesses that have ceased operations are ineligible).
- Have fewer than 50 full-time equivalent employees.
- Have verified gross revenue greater than $35,000 in 2020 and 2021. Verified gross revenue from 2021 will be used to determine grant award eligibility amount.
- Not be one of the following business types: a business engaged in illegal activities, loan packaging, gambling, real estate investment, lending, illicit adult entertainment or where the owner is on parole.
- Not be in conflict of interest with Cuyahoga County, the County Council, the local municipality, or the operating program agency.
Eligible Use of Proceeds
Eligible uses of grant proceeds include working capital expenses such as:
- Purchase of inventory/supplies
- Lease or purchase of equipment
- Operation
- Hiring Staff
- Location Expansion
- Marketing
- Other expressly permitted uses.
For more information, visit Cuyahoga County.
