Small businesses encouraged to apply for grant funding

As Indiana continues to address the COVID-19 pandemic and its impact on our state and local economies, the Indiana Economic Development Corporation recently announced the state would expand eligibility for the Indiana Small Business Restart Grant Program.

Created to help struggling Indiana small businesses, the grant program began with an initial $34.5 million and received an additional $60 million in CARES Act dollars appropriated by the Indiana General Assembly during the 2021 legislative session.

Eligible expenses for reimbursement include:

• Payroll;
• Sole proprietor net profit reduction;
• Insurance premiums;
• Rent or mortgage payments;
• Lease payments for real or personal property;
• Utilities;
• Safety investments; and
• Food delivery software service payments.

Senate Republicans remain committed to supporting Hoosier small businesses and strongly encourage those eligible to apply.

To learn more about the Indiana Small Business Restart Grant Program and view eligibility requirements, click here.

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