07 Apr Summit County COVID-19 Small Business Emergency Relief Grant Program
The Summit County COVID-19 Small Business Emergency Relief Grant Program (the “Program”) will provide small business grants of up to $5K for Summit County small businesses that have been economically disadvantaged by the COVID-19 pandemic.
Funds in excess of $1.2 million have been committed to the grant program with a combination of general fund dollars and Community Development Block Grant funds. Summit County is leading this investment with more than $750,000 committed. The City of Akron has committed $100,000 and Jump Start in collaboration and partnership with the KeyBank Boost and Build Program (https://boostandbuild.org/) has also committed $100K. In addition, a number of communities including Barberton, Bath Township, Copley Township, Coventry, Cuyahoga Falls, Fairlawn, Green, Mogadore, Norton, and Tallmadge have also committed funds to the grant program.
The below guidelines establish the businesses eligible for funding, the type of business expenses that can be paid with grant funds and the application and award process.
Overview of the Grant Program
Eligible businesses will be able to receive grant funds from the program in order to assist those businesses with the financial impact of COVID-19.
Generally, the amount of the grant per business will be a maximum of $5,000. In order to connect Summit County businesses with the broader set of resources available from the federal government, eligibility for the grants will be tied to a business completing an application for the US Small Business Administration’s (“SBA”) Economic Injury Disaster Loan for economic injury specifically related to the COVID-19 pandemic or an SBA 7(a) Loan under the Payroll Protection Program (collectively referred to herein as “SBA Loan”), as well as other criteria ensuring that it was a viable Summit County small business employing Summit County residents at the time of the onset of the pandemic.
Applications will be submitted online to the Greater Akron
Chamber, which will manage the application review and grant process.
Given limited funds for distribution and our expectation of significant demand
for those funds, a first round of applications will be taken beginning at 12pm
on Tuesday, April 7, 2020 or as soon thereafter as the program can establish
the appropriate electronic application and supporting submission
application period will be open until 9am Monday, April 13, 2020 or until at
least 500 applications are submitted, whichever occurs sooner. MORE INFO HERE
Apply Here This project funded in part with Community Development Block Grants from the County of Summit, City of Barberton, and City of Cuyahoga Falls.