Ohio Small Business Relief Grant

Becky Byrd

Oct 28, 2020

The Small Business Relief Grant (SBRG) is designed to provide relief to Ohio businesses that have been negatively affected by COVID-19. Governor Mike DeWine designated up to $125 million of funding from the federal CARES Act to provide $10,000 grants to help small businesses through the current crisis.

Ohio Small Business Relief Grant

Timing:

Applications for the relief grant will begin accepted beginning on November 2, 2020, at 10:00 a.m.

Who is eligible:

The business must be a for-profit entity with no more than 25 total or full-time equivalent Ohio employees as of Jan. 1, 2020.

How can the funds be used?

The relief grant must be used to reimburse COVID-related expenses incurred between March 22, 2020, and the date the application was submitted. SBRG funds can be used to reimburse the following expenses:

  • Personal protective equipment to protect employees, customers, or clients from COVID-19.
  • Measures taken to protect employees, customers, or clients from COVID-19.
  •  Mortgage or rent payments for business premises (personal residences explicitly excluded).
  • Utility payments (excludes utilities for personal residences and cellular phones not used primarily for business purposes).
  • Salaries, wages, or compensation paid to contractors or employees, including an employer’s share of health insurance costs.
  • Business supplies or equipment

For a printable sheet click here:  Small Business Relief Grant

For more information visit https://businesshelp.ohio.gov/small-business-relief-grant.html

“Business as normal” may never return. We are here to help you prepare for a “new normal” and what that may look like for you and your business. Now more than ever, it’s important to take a look at what’s working and what’s not. Let Kirsch help you, call us at 513-858-6040 or schedule a  consultation to see how we can help you.

About The Author

As an expert in QBO, tax planning, and Federal, State and Local Tax, Becky provides business owners with…

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