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Statewide – Governor Eric J. Holcomb announced a significant expansion of the Indiana Small Business Restart Grant that will add $60 million to the program, tripling the total allocation, and allow small businesses to seek reimbursement for eligible expenses incurred between March 1, 2020, and May 1, 2021.
Small businesses that meet the eligibility requirements can apply for reimbursement of qualified business expenses incurred at their Indiana operations between March 1, 2020, and May 1, 2021. These qualified expenses include payroll – which may be reimbursed up to 100% – and non-payroll expenses, such as insurance premiums, rent or mortgage payments, utilities, lease payments, food delivery software service payments, and safety investments, which may be reimbursed up to 80%.
Indiana adds $60 million to virus aid fund
State s Restart Grants reimburse expenses for small businesses
SHERRY SLATER | The Journal Gazette
Indiana officials have added $60 million to a fund created last year to help small businesses rebound from coronavirus pandemic shutdowns, the state announced Wednesday.
The Indiana Small Business Restart Grant s allocation was tripled with the addition of federal CARES Act dollars, Gov. Eric Holcomb announced.
“I m grateful to the Indiana General Assembly for their supportive collaboration that made it possible to extend this program for Hoosier entrepreneurs,” he said in a statement.
Since the program launched in May 2020, the state has issued $34.5 million in grants to 1,644 small businesses in 85 counties. Of the recipients, 190 – or almost 12% – are certified minority-owned and women-owned businesses, officials said.