Martin County legislators: Grants, resources available to support small businesses during pandemic

Posted by: Wade Coggeshall and Jordan Wallace  | Friday, July 17, 2020

STATEHOUSE (July 17, 2020) – As Indiana continues to get back on track, State Reps. Jeff Ellington (R-Bloomington) and Shane Lindauer (R-Jasper) 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. Lindauer 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.

"Small businesses continue to adjust how they serve customers to meet the needs of Hoosiers during this pandemic," Lindauer said. "These funds can provide employers with financial relief while they remain open."

The Indiana Economic Development Corp. approved $10 million to launch the Economic Activity Stabilization and Enhancement program, which Lindauer 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."

Lindauer said these resources are in addition to 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. 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.