STATEHOUSE (Feb. 3, 2021) – The Indiana House of Representatives voted in support of legislation establishing the Hoosier Hospitality Small Business Restart Grant Program, which would support Indiana's jobs and economy, according to State Rep. Tom Saunders (R-Lewisville).
"Many hardworking, small-business owners are doing everything they can to get by, but they need a bit of help," Saunders said. "This program could be what saves local employers that are struggling to keep their heads above water right now. Fortunately, Indiana is in the fiscal position to launch this program and spur our economic recovery."
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 this legislation Saunders supported, struggling businesses experiencing significant losses due to the pandemic, like those in the tourism and hospitality industries, would be eligible to receive funding.
Saunders 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 receiving state funding, the program could also receive contributions from federal grants, donations and other sources.
House Bill 1004 heads to the Senate for further consideration. For more information, visit iga.in.gov.
State Rep. Tom Saunders (R-Lewisville) represents House District 54,
which includes Henry County and portions of Rush and Wayne counties.
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