STATEHOUSE (April 6, 2021) – State Rep. Shane Lindauer's (R-Jasper) legislation supporting jobs, employers and economic recovery by investing $60 million to expand the Hoosier Hospitality Small Business Restart Grant Program could soon be law.
"Small businesses are a vital part of the Hoosier economy, and the pandemic created many hardships throughout the last year," Lindauer said. "Employers have faced many obstacles and are working diligently to keep their doors open. They have made large investments to keep employees and customers safe, and some are still trying to make ends meet. The Hoosier Hospitality Small Business Restart Grant Program would provide small businesses a chance to recoup some of their losses over the last year."
Lindauer said many businesses across the state have been negatively impacted by the pandemic, especially those in the tourism and hospitality industry, with the National Restaurant Association reporting Indiana restaurant sales dropping 37 percent from August 2019 to 2020. Lindauer's legislation would provide eligible small businesses a grant to cover a portion of business and payroll-related expenses.
If passed into law, eligible recipients would include those whose revenue is $10 million a year or less, fewer than 100 employees as of Dec. 1, 2019, and they must show average monthly gross revenue loss of at least 30%. Grants couldn't be more than $50,000 to any individual business.
Lindauer 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. Originally, the program was started with federal COVID-19 relief dollars.
If necessary, this legislation would allow the IEDC to submit adjusted criteria businesses must meet to qualify for a grant, which the State Budget Committee must approve. For more information about the grant program, visit the IEDC's website at iedc.in.gov and click on the orange "COVID-19 Updates & Resources" banner at the top of the web page.
State Rep. Shane Lindauer (R- Jasper) represents House District 63,
which includes portions of Daviess, Dubois, Pike and Martin counties.
Click here to download a high-resolution photo.