Trumbull County Allocates $2M for Small Business Relief Fund
WARREN, Ohio — The board of Trumbull County Commissioners has allocated $2,000,000 from the Coronavirus Local Fiscal Recovery Fund for the county’s Cares 4 Trumbull Small Business Relief Fund to aid small businesses.
The recovery fund was established under the federal American Rescue Plan Act. Cares 4 Trumbull aids small businesses located within Trumbull County by providing grants of up to $10,000 per eligible applicant for qualified expenses, according to a release.
County commissioners contracted with Valley Economic Development Partners to administer the program. Applications are now being accepted at ValleyEDP.com, as well as the commissioners’ website and the Planning Commission website.
Click HERE to view the application.
Guidelines include:
- Have less than $1.5 million gross revenue/receipts on an annual basis as evidenced on tax returns.
- Have 50 or fewer employees or 1099 workers as of December 31, 2020.
- Must be able to attest that it is current with all federal, state, county and local taxes and fees.
- Must be able to attest that it is in good standing with all applicable government regulations.
- Must be able to attest that it is not currently in bankruptcy.
- Must be able to attest Cares 4 Trumbull II dollars will not be utilized for any expenses that the business has already received other federal assistance for in regard to lost revenue or expenses arising from the pandemic, including Paycheck Protection Program, Emergency Disaster Loan, etc.
- Businesses (and their associated holdings and accounts) may not be subject to any lien (other than current loans secured by real property), garnishment, attachment, forfeiture or other like collection effort that could jeopardize the intended purpose of the grant.
Applications should be returned to the representative at Valley Economic Development Partners.
Published by The Business Journal, Youngstown, Ohio.
