STATEHOUSE (Jan. 28, 2021) – The House Ways and Means Committee advanced legislation establishing the Hoosier Hospitality Small Business Restart Grant Program to support Indiana's jobs and economy, according to State Rep. Beau Baird (R-Greencastle).
According to the Indiana Office of Tourism Development, the tourism industry employs more than 150,000 individuals and contributes roughly $9.3 billion to Indiana's economy. A recent National Federation of Independent Business survey revealed small-business owners are worried about their business viability in 2021. Under legislation Baird supported, struggling businesses experiencing significant losses due to the pandemic, like those in the tourism and hospitality industries, would be eligible to receive funding.
"Small businesses are a cornerstone of our communities," said Baird, a member of the House Ways and Means Committee. "Many have made numerous adjustments in the last year to reach new and existing customers. While the state has worked to provide assistance to those struggling, the Hoosier Hospitality Small Business Restart Grant expands those efforts so more employers have needed stability."
Baird said this grant program would be an extension of the already existing Small Business Restart Program and would continue to be administered by the Indiana Economic Development Corp. Small businesses that qualify could receive a grant to put toward a portion of business and payroll expenses. In addition to state funding, the program could also receive contributions from federal grants, donations and other sources.
House Bill 1004 heads to the full House of Representatives for further consideration. For more information, visit iga.in.gov.
State Rep. Beau Baird (R-Greencastle) represents House District 44, which includes
all of Putnam County and portions of Clay, Morgan, Owen and Parke counties.
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