Article originally published June 7, 2021
Last updated June 28, 2021
Update: The restaurant state grants for Ohio are open for application tomorrow (Tuesday, June 29, 2021). In order to be eligible, you must have:
- operated at least one restaurant in Ohio,
- experienced at least a 10% decline in sales in 2020, and have
- been in operation as of December 31, 2019.
Full eligibility requirements can be found here. These grant funds can be used to pay for personal protective equipment, utility payments, mortgage or rent payments, payroll, and business supplies or equipment. To access the application, applicants will need to sign in using an existing OH|ID. In terms of grants to be awarded, $10,000 grants are awarded to those businesses experiencing 10-30% decline in sales, $20,000 grants for 30-50% decline in sales, and $30,000 for greater than 50% decline in sales. Frequently asked questions are accessible here. Grants are awarded on a first-come, first-served basis, so please be ready to go on Tuesday.
Senate Bill 108 was passed by the Ohio General Assembly on May 17, 2021. Ohio bars and restaurants impacted by COVID-19 will be eligible for grants in the amounts of $10,000, $20,000, and $30,000, which comes from a $100,000,000 dedicated purpose fund group. Such grants shall be awarded based on factors such as demonstrated loss of revenue and the number of employees employed.
The Ohio Development Services Agency will be administering the program. Liquor permit holders who previously received grants in Ohio are eligible to receive this grant as well. The application process has not yet opened and timing has not been communicated.
Stay tuned as we learn more about this grant supporting Ohio restaurants and bars. Updates will be made to this article as more information is released.
Article written by:
Dustin Minton, CPA, MBA
Director, Assurance & Business Advisory Services