Our organization is assisting Gibson County in applying for grant funding for long-term economic recovery assistance to small businesses located within the corporate limits of Gibson County. The grant amount requested is $250,000. There is no local match requirement.
The purpose of the grant is to provide funds to small businesses to help retain low to moderate income (LMI) employees who have been affected by COVID-19. The community, not individual businesses, will be evaluated to determine if they meet specific LMI thresholds for eligibility.
ESTIMATED TIMELINE
First Public Hearing…………………………..July 14, 2020
Grant Application Due………………………July 31, 2020
Awards Announced…………………………..Aug. 27, 2020
Release of Funds……………………………….Sept 18, 2020
BUDGET
OCRA Grant Funds for businesses……………..$243,750
Grant Administration………………………………….$6,250
TOTAL……………………………………………………$250,000
For questions or to submit comment(s) on this project, please email Steve Marchand, [email protected], at the Economic Development Coalition of Southwest Indiana.
