The Hamilton County Stabilization Fund for Small Businesses has selected 105 small businesses to grant funds to in response to the COVID-19 pandemic. In total, they will receive $743,205 in grant money. That money was approved by the Hamilton County Commissioners at their meeting on Tuesday.
Glynn
“We launched this program to assist small businesses in Hamilton County that were forced to close during the economic shutdown,” County Councilor Fred Glynn said. “This program is a lifeline to those businesses. For many, this program was their last attempt to avoid closing permanently.”
Each business has been granted anywhere from $1,000 to $10,000 based on their demonstrated need. Grants can be used for payroll, utilities, rent, mortgage, insurance and products directly used in production of a product for sale. Preference was given to businesses that had not received abatements or incentives from the federal government, state government, or any local government entity.
“I am a firm believer that government should help when there is a legitimate need and this is a perfect example of that,” said Todd Clevenger, a grant administrator for the Hamilton County Auditor’s Office and member of the selection committee. “By funding the program, the County Council and Board of Commissioners have done a great thing that will positively affect so many people.”
Recipients of the Stabilization Fund’s grant dollars will be notified this week. They must show proof that they are in good standing with the Indiana Secretary of State before funds can be disseminated.