OCRA announce 80 COVID-19 Response Grant Phase 3 recipients
LaGrange County Awarded $250,000
LaGrange County was awarded $250,000 from the OCRA’s COVID-19 Phase 3 to provide $10,000 grants to small businesses in LaGrange County. The Grant will provide funding for retaining Low-to-Moderate income employees, provide working capital and fund activities that support remote working. The LaGrange County Economic Development Corporation is the subrecipient of this grant and will be dispersing the grants to LaGrange County Small Businesses.
To qualify for the $10,000 grant the business has a total business employment of less than 100 employees, 51% of the workforce retained need to classify as low-to-moderate income and the business needs to be physically located in LaGrange County. The LCEDC has an established committee of local business leaders to review the applications. The committee will utilize financial information provided in the application by businesses to determine the impact of the pandemic on each business. Priority will be given to those businesses that have been impacted the most. Applicants will need to show that grant funds will be used to retain low-to-moderate-income jobs.
This is the second round of funding for LaGrange County. The LCEDC dispersed 29 grants in February 2021 to LaGrange County Small businesses in the first round of funding received from the Indiana Office of Community and Rural Affairs. Past recipients are eligible and encouraged to apply for this Phase 3 funding. This program was developed at the urging of local businesses and local elected officials. Grants will be given to businesses that show a commitment to retaining jobs for at least two years. Businesses will be required to provide job numbers to the LCEDC every six months for two years to ensure they are retaining the jobs they committed to retaining.
The application is also available at www.lagrangecountyedc.com or Contact Bill Bradley or Sherri Johnston at the LaGrange County Economic Development Corporation to request an application at (260) 499-4994 or email email@example.com for more information.
Funding for the COVID-19 Response Phase 3 funding is derived from Indiana’s CARES Act allocation. The Coronavirus Aid, Relief, and Economic Security (CARES) Act was passed by Congress and signed into law on March 27, 2020.
Senator Todd Young’s business guide to the CARES Act –
Senator Mike Braun’s Corona Virus Assistance –
Congressman Jim Banks COVID-19 updates – https://banks.house.gov/covid-19/
Congresswoman Jacki Walorski Updates on Coronavirus – https://walorski.house.gov/coronavirus/
Bakertilly – SBA Issues regulations on Paycheck Protection Program
Governor Holcomb’s Press Releases – https://www.in.gov/gov/newsroom/news-releases/
Centers for Disease Control and Prevention (CDC) – https://www.cdc.gov/coronavirus/2019-nCoV/index.html
World Health Organization – https://www.who.int/health-topics/coronavirus
Indiana Small Business Development Center Resources – https://isbdc.org/covid-resources/
Indiana Department of Workforce Development www.Unemploymnet.IN.gov 800-891-6499
US. Small Business Disaster Loans – www.SBA.gov/Disaster 800-659-2955