Ellington, Borders: Grants, resources available to support small businesses during pandemic

Posted by: Wade Coggeshall  | Wednesday, July 15, 2020

STATEHOUSE (July 15, 2020) – As Indiana continues to get back on track, State Reps. Jeff Ellington (R-Bloomington) and Bruce Borders (R-Jasonville) said the state is dedicating nearly $44 million in federal funds to help small businesses and manufacturers impacted by COVID-19.

"Our local entrepreneurs are some of the hardest hit when it comes to the economic impact of this pandemic," Ellington said. "This funding can ease their financial losses as we continue to safely reopen."

Through the federal CARES Act, $30 million has been dedicated to the Small Business Restart Fund. Hoosier small businesses with fewer than 50 employees and $5 million in annual revenue that experienced at least a 40% drop in revenue can apply for grants to cover expenses related to the public health crisis. Ellington said these expenses may include rent or mortgage payments, lease payments for real or personal property, utilities and safety investments like personal protective equipment and infrastructure improvements to keep employees and customers safe. According to Ellington, at least $5 million will be reserved for certified minority- and women-owned businesses. The deadline to apply for a grant is Sept. 30. For more information on this program, including additional eligibility requirements, visit backontrack.in.gov.

The Indiana Small Business Development Center will utilize nearly $3.7 million over the next 18 months to offer increased resources for Hoosier entrepreneurs and small businesses. Borders said this funding will help provide no-cost services like counseling and training for local businesses impacted by COVID-19. Visit isbdc.org/indianacovid19smallbusiness for more information.

"There are necessary adjustments in how businesses operate in order to protect the health and safety of customers and employees," Borders said. "Employers needing assistance to implement best practices should consider utilizing this program."

The Indiana Economic Development Corp. approved $10 million to launch the Economic Activity Stabilization and Enhancement program, which Borders said will support technology and operational advancements in the manufacturing industry. Through this program, local manufacturers will be able to apply for support through the Smart & Advanced Manufacturing Focus Fund to invest in new developments. Manufacturing Readiness Grants are also available to companies committed to modernizing their operations or those investing in health care manufacturing technology. Additionally, a Smart Manufacturing Studio is being developed to provide lab space and access to state-of-the-art equipment to businesses so they can train employees, validate technologies and conduct third-party pilot manufacturing. More information can be found by visiting iedc.in.gov and searching "Economic Activity Stabilization and Enhancement."

Borders said these resources are in addition the PPE Directory, which features Indiana companies that manufacture and distribute a variety of personal protective equipment available for purchase. Visit backontrack.in.gov/ppedirectory.htm for details.

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State Rep. Jeff Ellington (R-Bloomington) represents House District 62, which includes
portions of Greene, Monroe, Martin and Daviess counties.
Click here to download a high-resolution photo.

State Rep. Bruce Borders (R-Jasonville) represents House District 45, which includes
all of Sullivan County and portions of Vigo, Greene, Knox and Daviess counties.
Click here to download a high-resolution photo.