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. Bob Heaton (R-Terre Haute).
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 Heaton supported, struggling businesses experiencing significant losses due to the pandemic, like those in the tourism and hospitality industries, would be eligible to receive funding.
"While many small businesses have adapted to the effects of the pandemic, some sectors of our economy need additional support," said Heaton, a member of the House Ways and Means Committee. "Our local communities rely on the jobs and services provided by small businesses, and this grant program would go a long way in helping them recover faster and stronger."
Heaton 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. Bob Heaton (R-Terre Haute) represents House District 46,
which includes portions of Clay, Monroe, Owen and Vigo counties.
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