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Cuyahoga County accepting third round of small business grant applications

Posted at 8:10 PM, Nov 20, 2020
and last updated 2020-11-20 20:10:15-05

CUYAHOGA COUNTY, Ohio — Cuyahoga County is working with partners across the area to continue distributing millions of dollars in grant through a Small Business Stabilization Fund to support small local businesses impacted by the COVID-19 pandemic.

The county has teamed up with Cleveland Neighborhood Progress to launch a third round of applications set to distribute $4 million in grants of up to $10,000 each, funded in part through the CARES Act.

County Executive Armond Budish received approval from Cuyahoga County Council President Dan Brady to release the $4 million in funding as part of the Emergency Purchase Request process.

Small businesses in Cuyahoga County will be able to apply for the grants, with amounts to be determined by a grant committee based on eligibility requirements, company revenue and company size.

Businesses with up to 25 employees are eligible for the grants and those that are not eligible will be referred to lenders who are offering loans to help with expenses.

“The coronavirus is continuing to harm the health of our residents and the economic well-being of our local businesses,” Budish said in a press release. “We hope that these funds will help with business-related expenses and ultimately help keep the lights on. I appreciate our partnership with Cleveland Neighborhood Progress and their continued dedication to dispersing these funds to those in need.”

Applications for the third round of grants will open Monday, Nov. 23 at 10 a.m. and close on Dec. 3 at 5 p.m. with funds distributed shortly after, the county said.

Businesses applying for a grant will need the following documents:

  1. Copy of most recent business bank statements generated within the last 30 days
  2. Articles of organization from the Secretary of State website
  3. Driver’s license (front and back with photo) and/or government issued ID
  4. Signed W-9
  5. Bank account information

To apply click here. The link on the site will go live on Monday.