A new program will award local small businesses with grants of up to $5,000 each. The Wyandot County Small Business Relief Program utilizes CARES Act funds allocated to Wyandot County to make the program possible, and will cover business interruption expenses incurred by the COVID-19 pandemic.
The Small Business Relief Program is targeted to small businesses (50 employees or less) who have been significantly impacted by the COVID-19 crisis. To be eligible for the program, applicants are required to show at least a 25% annual decrease in gross revenue/receipts when comparing the period of March 1 – May 31, 2019 vs. the same period in 2020.
Other eligibility requirements include an applicant must be for-profit, in operation since January 2019, and have less than $1 million in annual gross revenue/receipts. Businesses who received other federal assistance, including the Paycheck Protection Program or Emergency Disaster Injury Loan, are eligible to apply for grant funds if they do not cover the same expenses for which federal assistance was previously awarded or used.
Local small businesses may apply for up to $5,000 in grant funds to be used for the reimbursement of eligible expenses they have already incurred. Applications will be accepted beginning Monday, August 10th through Tuesday, September 15th, but the application form is already available online so businesses can get started early.
Wyandot County Small Business Relief Program grants will be awarded on a first come, first served basis until allocated resources are exhausted.
The program application and complete guidelines are available on the Wyandot County Office of Economic Development website here: http://www.wyandotcountyeconomicdevelopment.com/wyandot-county-small-business-relief-program
The program will be overseen with leadership from Wyandot County and the City of Upper Sandusky, but is open to any business located within the county. Greg Moon, Executive Director of the Wyandot County Office of Economic Development, will administer the program. For questions regarding the program, please email email@example.com.