More than 12,000 small businesses received grants from LISCs COVID-19 programs during the COVID-19 pandemic. Is Ohio small business grant taxable? No more than one document can be attached, and ONLY the following documentation will be accepted to prove business costs incurred: Payroll records for any period in the last 60 days prior to the application; Utility bills charged to the business named in the application for any period in the last 60 days prior to the application; Rent or mortgage payments for business premises (only payments for non-residential properties will be accepted) charged to the business named in the application for any period in the last 60 days prior to the application; Supplies or equipment purchased by, leased, financed or charged to the business named in the application in the last 60 days prior to the application; A copy of the applicant business most recently filed federal or State of Ohio income tax return. Individual grants will be determined according to the loss of revenue experienced by eligible businesses in 2020. (, The applicant business has a physical location in Ohio and earns at least 90% of annual revenue based on activities performed in and taxable to Ohio, The applicant business has been in continuous operation since January 1, 2020, except for interruptions required by Covid-19 public health orders, and has the ability to continue operations as a going concern, taking into account a potential program grant, The applicant business has experienced revenue loss or incurred unplanned costs substantially caused by Covid-19 and a grant is necessary to help it recover from the impact of Covid-19, The applicant business is in good standing with the Ohio Secretary of State, the Ohio Department of Taxation and any other governmental entity charged with regulating the business, If applicable, the applicant business has fully utilized any other government support received (including grants and loans) for business expenses incurred due to Covid-19, or that can be utilized for business expenses incurred due to Covid-19, The applicant business is a non-profit entity, The applicant business is publicly traded, The applicant business is operated by a governmental agency or entity, The applicant business is a club, as defined in section 4301.01 of the Revised Code, The applicant business is primarily engaged in political or lobbying activities or political issue advocacy, The applicant business operates as a sexually oriented business as that term is defined in Section 2907.40 of the Ohio Revised Code, The applicant business engages in conduct regulated by the state casino control commission or operates Video Lottery Terminals as that term is defined in Section 3770.21 of the Revised Code, A majority legal interest in the applicant business is owned by individuals who are under the age of eighteen, The applicant business is a hospital, ambulatory surgical center, private school or long-term care center, The applicant business is primarily engaged in the sale, cultivation or distribution of cannabis products, The applicant business is primarily engaged in the sale or distribution of liquor, not including restaurants or bars, The applicant business primarily sells tobacco products, cigarettes, electronic smoking devices or vapor products as those terms are defined in Section 2927.02 of the Revised Code, The applicant business is a utility provider, The applicant business is a financial institution that makes loans or issues credit to the public, including, but not limited to, banks, credit unions, payday lenders or any other similar business, The applicant business has not and will not, during the period beginning October 26, 2020 and ending on December 31, 2020, receive another grant under the SBRG, 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 employers share of health insurance costs, Costs incurred for federal, state or local tax obligations, Costs incurred for which the business has or will receive reimbursement from another source, including any other government loan or grant program and insurance proceeds (i.e., PPP loan, Employee Retention Tax Credit, EIDL loans), Applicant Business Address (must be an Ohio location and not a personal residence), Applicant Business Federal Employment Identification Number (FEIN), Applicant Business Ownership Demographic Information, Applicant Business Type (corporation, LLC, partnership, joint venture, sole proprietor), Number of years the applicant business has been in operation, Amount of funding received by the applicant business from other federal, state or local pandemic-related financial relief programs, Applicant Business Representative Email (will be used for all communication with the applicant), Number of W2 Employees of the applicant business as of 1/1/2020. Furthermore, while the program offers grant funding, it also provides free design assistance for exterior rehabilitation projects. Tax Alert: Ohio Small Business Relief Grant and Other Covid-19 Funding Opportunities. Please be sure to double check your information before submitting the application. By providing the right type of financial assistance to small businesses, the economy can get a much-needed boost. This program has been funded with $10 million by Governor Mike DeWine and the Ohio Legislature to help these businesses survive and thrive. Coronavirus State and Local Fiscal Recovery Funds give each jurisdiction flexibility to address local needs. Within seven days of being notified of award eligibility, the applicant business must log back in to the application atbusinesshelp.ohio.govto complete an Acknowledgement of Eligibility and Acceptance of Funds. However, the business must have fully utilized any other government support received, including both grants and loans, for business expenses incurred because of COVID-19 or that can be utilized for business expenses incurred because of COVID-19. Find more information on DE Relief Grants and expense reporting required by businesses below. Governor Mike DeWine has designated up to $125 million of funding received by the State of Ohio from the federal CARES Act to provide $10,000 grants to small businesses to help them through the current crisis. Due to the organizations nationwide reach, small businesses from all over the country have been included on the list. Costs incurred for which the business has or will receive reimbursement from another source, including any other government loan or grant program and insurance proceeds. A: You can click on the Review Submitted Application on this page (below) and enter your FEIN., Q: What if my address was incorrect on my submitted application? Small businesses that opened between January 1, 2020, and December 31, 2020, are eligible to apply for a new small business grant of up to $10,000. County Council on Monday authorized the county executive to . Applicants will be required to attach documentation verifying that the applicant business had at least 1 and no more than 25 Ohio employees paid via W2 wages as of 1/1/2020, determined either by a headcount or full-time equivalent employee calculation The attachment must clearly identify the applicant business name and must match the name submitted in the application. The county offers $5,000 to $10,000 in grants to entrepreneurs who run their businesses from home. The attachment must clearly identify the applicant business name and must match the name submitted in the application. As applications are approved on a first-come, first-served basis, grants will be awarded first from each countys allocation. The Small Business Relief Grant (SBRG) is designed to provide necessary relief to Ohio businesses that have been negatively impacted by the effects of Covid-19. Grants not for specific purposes are described as undifferentiated receipts and are normally taxable as income. OH|ID is a secure way for Ohioans and businesses to interact with multiple State agencies and access a variety of programs and services, with a single user account. The Bar and Restaurant Assistance Fund is designed to assist Ohios on-premise liquor permit holders. The program runs annually. The state of Ohio has allocated $100 million for this program. You then edit any portion of your application or withdraw it and start over. A business as defined in these Terms and Conditions that meets all of the following criteria may receive funding from the SBRG: A business as defined in these Terms and Conditions that falls within one or more of the following categories is ineligible to receive funding from the SBRG: SBRG funds can be used to reimburse eligible businesses for the following COVID-related expenses incurred between March 22, 2020 and the date the application was submitted relating to their Ohio business location(s) as long as the costs do not violate State or Federal law and are not otherwise specified as ineligible costs: SBRG funds may not be used for the following expenses: Businesses who receive funds from the SBRG shall keep records of all specific expenses for which the funds were used for a period of five (5) years from the final expenditure of received funds. Check out the rest of Gov Relations blog section today! Utility payments (excludes utilities for personal residences and cellular phones not used primarily for business purposes). Independent contractors and sole proprietors are entitled to $5,000 grants. GrantWatchs free membership offers limited functionality. At their own expense, the business shall prepare photocopies of all of requested records to the State or any of the aforementioned parties upon written request of the State within a reasonable time of the request. GoFundMe Small Business Relief Fund: This is a business relief program for businesses that survived the Covid-19 pandemic. Businesses will be required to provide the following information to submit an application: Upon submission of a complete application, the applicant will receive an email from Development confirming that the application has been received. Small businesses in every part of the country have access to several programs and funding opportunities through the organization. Although the federal government does not publicly provide grants for starting and expanding a business, some small business grants are given to business owners and minorities in Ohio to help them start and grow their ventures. Q: If my application is approved for a grant, what do I need to do next? A: A business can apply even if it has received other governmental assistance. Eligible Businesses According to the Ohio Development Services Agency, eligible businesses must: Be a for-profit entity with no more than 25 total or full-time equivalent Ohio employees as of Jan. 1, 2020. Costs incurred for non-business purposes. Applications will be accepted on Hamilton County's COVID Relief website 513Relief.org starting Thursday, September 16th at 12 p.m. through the deadline of Monday, October 4th, at 5:00 p.m. Qualifying small businesses must: be a private, for-profit entity that has a physical location in Ohio; have at least 1 and no more than 25 employees as of January 1, 2020; . 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