Economic Development Department Announces Programs to Assist Small Businesses

Emergency Working Capital Program – Specially Impacted Businesses

The Emergency Working Capital program is designed to assist businesses whose operations are specifically impacted by COVID and have had to take exceptional measures to maintain operations throughout the pandemic. Businesses may receive a $10,000 loan for working capital and operations costs and a $10,000 grant to offset costs of PPE and other safety measures. Applicants must complete the Emergency Capital Working Fund Loan Application and the 1-page supplemental questionnaire.

Winter Restaurant Operations Support Grant

The Winter Restaurant Operations Support Grant program is aimed at providing restaurants with resources to offer safe outdoor dining experiences through the winter.  The program will allocates $500,000 (up to $5,000 per business) in grant assistance to local restaurants to help support winter operations through purchases and rental of equipment (heaters, fire pits, etc.) and fixtures (awnings, tents, “igloos”, etc.).  Businesses must demonstrate access to a location and an operations plan. Grant applications will be accepted up to Nov. 30, 2020 with awards expected to be announced prior to Dec. 11, 2020. To access the application, click here.

Applications for both programs should be submitted electronically to economicdevelopment@clevelandohio.gov