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Small Business Stabilization Grants

Post date
November 23, 2020
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The County Executive announced a third round of funding of $4.3 million to be given out as grants of up to $10,000. 

The new round will open up on Monday November 23rd at 10:00 am – The program will run through Thursday December 3rd at 5:00 pm.

To apply click here or call 216-452-9714 to apply.

One-time grants up to $10,000. Grants will not be available for any costs already covered by any federal, state, or local grant or loan program.

Eligibility*

The grant amount will be decided by a Committee based on revenue and company size before the pandemic. Not all eligible applicants will receive a grant. Applicants who cannot receive grants will be referred to lenders offering low-interest loans for business-related expenses.

  • Business must have less than 25 employees.
  • Business must have an address and physical establishment in Cuyahoga County.
  • 25% of business employees must be Cuyahoga County residents.
  • Business must have opened before January 1, 2020.
  • Business must have had less than $1 million in revenue in 2019.
  • Business must have experienced 50% revenue loss since March 17, 2020, not counting any losses already covered by any federal, state, or local grant or loan program.
  • The business name must be legally registered with the Ohio Secretary of State’s Office.
  • The business itself, and the business owner, may not own real property in Cuyahoga County with delinquent real property taxes unless they are on a County approved payment plan.
  • Businesses who are chosen as finalists will be contacted and must submit the following documents before being awarded:
    • Copy of business bank statements generated within the last 30 days.
    • Articles of organization from the Secretary of State website
    • Scanned driver’s license or government issued ID (front and back)
    • Signed W-9
    • Bank Account Information
  • Business must be operating and must have a plan to remain open
  • Businesses who applied in the first or second round, but were not selected for a grant, are welcome to reapply for the second round by completing the new application.
  • Businesses who received any federal, state, or local grant or loan funding, including County grant funding may not count costs already covered by this funding in their application
  • Business owners can only apply for grant funding for one business, regardless of the number of individual businesses that they own.
     

The following preferences will be considered:

  • Preference will be given to business owners with a personal residence in Cuyahoga County.
  • The following business types will be given preference: service industry (restaurants/bars/personal care services/cosmetology), hospitality, neighborhood healthcare/grocers, general contracting, construction, and manufacturing.
  • Businesses in low to moderate income neighborhoods and communities.
  • Ineligible businesses include liquor stores, tobacco stores, cannabis dispensaries, adult entertainment, financial services and banks, e-commerce, and franchises which are not locally owned and operated.


* Not all eligible applicants will receive a grant or a loan