Chesterton Tribune

 

 

Soliday: Grants and resources available to support small businesses hurt by C19

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State Rep. Ed Soliday, R-Valparaiso, is announcing that the State of Indiana is dedicating nearly $44 million in federal funding to help small businesses and manufacturers impacted by the COVID-19 pandemic.

“As the state reaches the final stages of our Back on Track plan, small businesses are taking steps to safely and fully open up to the public,” Soliday said in a statement released on Monday. “These federal funds provide the relief needed to help our local businesses continue serving our community.”

Through the federal CARES Act, $30 million has been dedicated to the Small Business Restart Fund, the statement said. Hoosier small businesses with fewer than 50 employees and $5 million in annual revenue which experienced at least a 40-percent drop in revenue can apply for grants to cover expenses related to the public health crisis. “These expenses may include rent or mortgage payments, lease payments for real or personal property, utilities, and safety investments like personal protective equipment and infrastructure improvements to keep employees and customers safe.”

At least 5 percent of the moneys, Soliday added, will be reserved for certified minority- and women-owned businesses.

The deadline to apply for a grant is Sept. 30.

For more information on this program, including additional eligibility requirements, visit backontrack.in.gov Indiana Small Business Development Center

Meanwhile, the Indiana Small Business Development Center will utilize nearly $3.7 million over the next 18 months to offer increased resources for Hoosier entrepreneurs and small businesses, Soliday said. This funding will help to provide no-cost services like counseling and training for local businesses impacted by the pandemic.

For more information, visit isbdc.org/indianacovid19smallbusiness

“Hoosiers continue following ongoing safety guidelines and practicing on social-distancing, but some workplaces have difficulty implementing these best practices on their own to protect employees and customers,” Soliday said. “This program can provide tailored guidance so that those returning to in-person work can remain healthy.”

Indiana Economic Development Corporation

The Indiana Economic Development Corporation has also approved $10 million to launch the Economic Stabilization and Enhancement program, which Soliday said will support technology and operational advancements in the manufacturing sector. Under this program, local manufacturers will be able to apply for support through the Smart & Advanced Manufacturing Focus Fund to invest new developments.

Manufacturing Readiness Grants are also available to companies committed to modernizing their operations or those investing in healthcare manufacturing technology.

In addition, a Smart Manufacturing Studio is being developed to provide lab space and access to state-of-the-art equipment to businesses in order to train employees, validate technologies, and conduct third-party pilot manufacturing.

For more information, visit iedc.in.gov <http://iedc.in.gov> and search “Economic Activity Stabilization and Enhancement.”

All of these resources, Soliday noted, are in addition to the PPE Directory, which features Indiana companies which manufacture and distribute a variety of personal protective equipment available for purchase.

Visit backontrack.in.gov/ppedirectory.htm for more details.

 

Posted 7/14/2020

 

 
 
 
 

 

 

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