DAYTON, Ohio (WDTN) — Montgomery County has expanded the eligibility criteria for small businesses looking for COVID-19 relief, increasing the maximum number of employees and maximum annual revenue requirements to allow more local businesses to qualify for grants of up to $10,000.
The county has set aside $40 million to help small businesses recover from COVID-19 losses, one of several financial assistance programs created by the Office of CARES Act.
To qualify for the grant program, businesses must:
- Be locally owned and located in Montgomery County;
- Have fewer than 50 employees
- Have gross annual receipts of less than $5 million
- Have a physical storefront and/or be an allowable home office as reported in most recent filed tax return
- Be current on all state, federal, and local taxes
- Be in compliance with State of Ohio small business requirements
- Retain one full-time employee for at least three months after grant award
In its press release the county said that businesses that have already received federal assistance — such as from the Payment Protection Program, SBA Economic Injury Disaster Loans, or other CARES Act funding — may not qualify for assistance.
Businesses can apply online at www.mcohiocares.org.
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