Youngstown Launches $220,000 COVID Relief Fund for Businesses

YOUNGSTOWN, Ohio – The city of Youngstown has launched a $220,000 fund to support small businesses impacted by the pandemic.

Businesses employing between three and 25 people can apply for reimbursement up to $10,000 for operating expenses incurred since March 15, 2020. Eligible expenses include payroll, rent, insurance and costs associated with implementing new operating practices.

The deadline to apply is March 1. Valley Economic Development Partners will administer the program on behalf of the city. For more information on applying, contact the organization at 330 759 3668.

The fund was developed by the city’s Department of Community Planning & Economic Development. Support services are available from the Minority Business Assistance Center at Youngstown Business Incubator and the Ohio Small Business Development Center at Youngstown State University.

The grant program is funded by a $200,000 block grant the city received through the Cares Act, as well as $20,000 from the KeyBank Business Boost and Build program.

Copyright 2024 The Business Journal, Youngstown, Ohio.