Summit County announces $5 million in additional grant money for small businesses

Summit County generic
Posted at 2:37 PM, Sep 23, 2020
and last updated 2020-09-23 14:37:04-04

AKRON, Ohio — Small businesses in Summit County are now eligible to apply for additional money granted through the CARES Act, according to County Executive Ilene Shapiro’s office.

“It has become clear that the economic effects of the COVID-19 pandemic will likely be with us for some time, leaving many of our small businesses with uncertain futures,” said Shapiro. “This grant program has already made a difference for thousands of Summit County businesses. The additional funding will make a difference for many more and will hopefully relieve some uncertainty.”

Grants will be based on the total number of employees that each business has. The amounts are as follows:

  • Businesses with less than two employees are eligible to receive $2,500
  • Businesses with 2 to 10 employees can receive $5,000
  • Businesses with 11 to 30 can receive $7,500

To be eligible, each business must be a for-profit business with its principal location in the county.

Businesses who were not chosen in the last round of grants will have priority scoring to for this round.

Eligibility requirements for the grant program can be found here.

Businesses can apply for the grants from Wednesday through Oct. 7 at 9 a.m. The Greater Akron Chamber of Commerce will announce which businesses were selected by Oct. 30.

RELATED: $5 million in grants helping small Summit County companies, artists and single employee businesses

Download the News 5 Cleveland app now for more stories from us, plus alerts on major news, the latest weather forecast, traffic information and much more. Download now on your Apple device here, and your Android device here.

You can also catch News 5 Cleveland on Roku, Apple TV, Amazon Fire TV, YouTube TV, DIRECTV NOW, Hulu Live and more. We're also on Amazon Alexa devices. Learn more about our streaming options here.