Ohio Governor Mike DeWine Outlines $1 B Program to Combat COVID Economy
February 25, 2021
Governor Mike DeWine, as part of his state operating budget kickoff, announced a broad and impressive $1 B Investing in Ohio program designed to impact the economic downturn created by the COVID 19 virus. Ohio like many other states around the country have experienced reduced revenues, and economic activity due to the pandemic and the governor is focused on provided resources and support to help spur economic activity while supporting small businesses in the state.
The proposed $1 billion program would provide $460 million to support businesses to help cover costs to keep their doors open, including businesses in the entertainment, hospitality, and new business sectors. The $460 million would go towards:
- Provide funding for grants of up to $30,000 to assist bars and restaurants that have been severely impacted by the pandemic.
- $10,000 grants to the qualified Small Business Relief Grant applicants who have yet to receive assistance through the state’s share of the Coronavirus Relief Fund.