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Hamilton County Small Business Grants

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HAMILTON COUNTY, Ohio – More than 1,400 small businesses benefited from the Hamilton County Small Business Relief Grant program, with more than two-thirds of them self-reporting as minority or women-owned businesses.

Hamilton County Small Business Grants

Hamilton County Small Business Grants

What you need to know Hamilton County’s grant program was aimed at helping very small businesses overcome financial challenges caused by COVID-19 Businesses were eligible for grants of up to $10,000 if they could provide financial hardship It took more than 1,400 participating businesses, about 2/3 of which are owned by women or minorities Hamilton County Commissioners called the program a “lifeline” to the “backbone of our community”

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The Hamilton County Board of Commissioners provided nearly $14 million in federal relief funds over three separate rounds to help small businesses struggling due to financial impacts caused by COVID-19. The county made $1.7 million available for the first round, but then cut the jackpots to $5 million and $7 million for rounds two and three, respectively.

Officials capped payouts at $10,000 per round. Some businesses qualified for two of the three rounds, so they could be paid up to $20,000 during the program.

The county provided an analysis of the numbers in the three rounds. They said no transaction was counted twice.

“Small businesses are the heart and soul of our country. Together with our partner organizations, we built a supportive and inclusive ecosystem for all small businesses, including women-owned and minority-owned businesses,” said Board President Stephanie Summerow, commissioned by Dumas. “With all challenging situation, there is an opportunity to level the playing field, and that’s what we did”

Small Business Relief Program

In the past, County officials have described the grant program as an attempt to provide a lifeline to businesses that lost customers due to the pandemic but still had bills to pay. Hamilton County also had similar programs for nonprofits and the arts.

“Small Business turns on a dime and when we were denied another relief, it was very difficult to maintain our business,” said Angela Denmark, DCR Denmark Court Reporting Group, LLC.

Denmark said businesses would try to “pivot,” and adapt to adapt to a new business landscape. But “pivots alone were not enough to keep us successful. This grant was the main reason why DCR could stay open for business and be able to take care of some important business costs,” he said.

Hamilton County Small Business Grants

When designing the first program, the commissioners wanted to target businesses that faced barriers to accessing the federal government’s COVID relief funding, such as the Paycheck Protection Program and Economic Injury Disaster Loans. Hamilton County and HCDC Inc – the county’s economic development office – envisioned this program to fill resource gaps. Specifically, they included sole proprietors, meaning small businesses with no employees, on the eligibility criteria.

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According to the Brookings Report, 95% of Black-owned businesses are sole proprietorships or partnerships with no employees.

“We know that many black businesses have been hit hard by the pandemic but have not had the same access to COVID relief funds,” said Commission Vice President Alicia Reece. He said the county and its partners “went to work immediately” to “bring relief directly to the businesses that needed it most.”

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Officials changed the eligibility conditions after each round to make the facilities more accessible and to make more businesses eligible for relief. That includes changing the cap on gross revenue and the percentage of the business.

For the third round, the business had to be in Hamilton County and less than $2.5 million in gross revenue/receipts annually. They also had to provide a revenue loss of 15% when comparing the total revenue of 2019 with the total revenue of 2020. They also could not be more than 50 who have an employee.

Stop Shop’ Helps Small Businesses With Covid 19 Recovery

Several community groups helped shape and promote the programme. Some of the participants included the Urban Alliance of Greater Southwest Ohio, Greater Cincinnati and the Northern Kentucky American Chamber of Commerce, Greater Cincinnati Microenterprise Initiative. HDCC Inc. thanks to the Urban League for helping speed up the review of applications.

CARES Act funding was used in all three rounds of the relief program. Commissioners provided additional funding with America’s Rescue Plan dollars to complement the final round of grants.

The Small Business Relief Grant program is one of several efforts being run by Hamilton County during the pandemic. Many of these programs focus on the needs of individuals and families affected by the pandemic. Some have closed, but others are still active.

Hamilton County Small Business Grants

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GET OUR APP Our Spectrum News app is the most convenient way to get the stories that matter to you. Download it here.

ST. BERNARD, Ohio – There are many resources for small businesses still recovering from the effects of COVID-19. But which companies are eligible, and how does one go about applying?

What you need to know 513 Small Business Assist is a one stop shop of pandemic support services for eligible small businesses The main aim is to help small businesses to help pandemic relief funds Partner organizations will help with things like legal services, accounting and marketing. The aim of the program is to support 2,000 businesses by the end of the year

Finding these answers can be daunting for the smallest of small businesses. Many do not have access to key support or office staff.

Seed Grant Program

To address these issues, Hamilton County developed 513 Small Business Assist. Launched on Wednesday, the program aims to help small businesses – those with 50 or fewer employees – manage all aspects of pandemic recovery.

The program is a by-product of what the county learned when distributing the first two rounds of CARES Act funds to small businesses.

“We learned … that the reason a lot of small businesses didn’t get any federal funding was because they didn’t have the backroom support to go after those dollars. And so they missed out,” he said. Hamilton County Commissioner Denise Driehaus.

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Hamilton County Small Business Grants

“We asked ourselves, ‘What can we do to ensure that some of these small businesses have access to the dollars associated with COVID-19?’ Driehaus said.

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The President of the Commission, Stephanie Summerow Dumas, said that it is the county’s “responsibility” to do everything it can to support them.

One of those businesses is Wiedemann’s Fine Beer, a brewery and restaurant in the heart of the St. Louis business district. Bernard. It is steps from where a program was held earlier on Wednesday.

Wiedemann’s owner Jon Newberry said he employs about 25 to 30 people “depending on the week.” But that number was much less when he had to close his restaurant early during the pandemic.

“I probably wouldn’t be the owner of Wiedemann Brewery today if it wasn’t for some of these programs. It has been crucial,” he said.

Federal Covid 19 Grant Funding To Ohio

Newberry said he is grateful for all the resources available. He said it is sometimes difficult to “keep track” of the programs and know which ones can, and should, apply.

“I was sitting here at the bar talking to an accountant yesterday, and he asked me about some program and if we applied for it,” said Newberry. “And I said, ‘I think I’ve already applied for that one.’ And he said, ‘No, this is a new one that came out the other day.’

513 Small Business Support is administered by the National Development Council. The agency works with each business to determine their specific needs.

Hamilton County Small Business Grants

From there, CDC will set up a business owner with various project partners. These partners include the Greater Cincinnati Microenterprise Initiative, Next Street, the Urban Alliance of Greater Southwestern Ohio and the various regional chambers of commerce.

Relief Bus Is Headed Your Way

Corey Leon, NDC field director, called 513 Small Business Assist a “one-stop shop” for all small businesses.

“We provide guidance in the areas of accounting, legal and marketing,” said Leon, “Our goal is to help companies with those things that could prevent them from going backwards completely.”

Businesses will also be eligible for a third round of relief funding from Hamilton County. Those details have yet to be confirmed.

The aim is to help around 2,000 small businesses by the end of the year, according to Hamilton County. GET OUR APP Our Spectrum News app is the most convenient way to get the stories that matter to you. Download it here.

Gear Up For Small Business Saturday

CINCINNATI – To support the “backbone of our social service safety net,” Hamilton County will distribute an additional $6.3 million in grant dollars to local nonprofits impacted by the COVID-19 pandemic.

What you need to know Hamilton County is offering a second round of grant money to local non-profits Grant awards range from $25,000 to $250,000 The funding comes from recovery funds Hamilton County Federal commissioners said the money is essential to keep social services available. for residents in need

Hamilton County Commissioners announced details of the expanded grant program Tuesday morning at

Hamilton County Small Business Grants

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