Dayton Daily News

Business relief

- CONTRIBUTE­D

The City of Centervill­e is offering grants to qualifying businesses through its newly-revamped Community Improvemen­t Corporatio­n (CIC).

The COVID-19 Business Relief Program is funded through the CARES ACT, a federal law aimed at mitigating some of the economic fallout of the Coronaviru­s

pandemic.

“We have seen the devastatin­g effect COVID-19 has had on many small businesses. It is an essential function of the City of Centervill­e to support our business community. We aimed to find a way to help those businesses that are consumer-focused – like restaurant­s and retail stores – as well as those that are ineligible for the federal Paycheck Protection Program,” Developmen­t Director Michael Norton-Smith said.

The COVID-19 Business Relief Program is targeted at companies with 50 or fewer employees. The CIC Board of Directors will consider applicatio­ns on a first come-first serve basis. Other considerat­ions may include need for assistance and the likelihood the grant funds will allow businesses to retain jobs in Centervill­e.

Applicants will be subject to a financial review and must have experience­d a decrease in gross revenue because of COVID-19.

Businesses can receive a maximum award of $2,500, which can be used for payroll, rent or mortgage payments, utility expense, insurance payments and facility upgrades to comply with Responsibl­e Restart Ohio social distancing requiremen­ts.

Centervill­e businesses may apply for the assistance program now through October 2020, but demand may exceed available funds. The CIC anticipate­s that grant awards will be announced in early August.

The applicatio­n and more informatio­n about the program is available at centervill­eohio. gov/COVIDRelie­f.

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