Hamilton City Council will discuss and possibly approve a $300,000 dollar grant to fund a stimulus package for local businesses
Butler County Connect, Staff Report
A proposed small business stimulus package will be discussed on March 25, 2020, at the Hamilton City council meeting. Council will discuss and possibly approve a $300,000 dollar grant to fund a stimulus package for Hamilton-based businesses. This emergency measure is to provide much-needed cash flow to local businesses. The application process will be open through Tuesday, March 24th at 1 pm.
Councilmember and former Vice Mayor Michael V. Ryan provided this statement to Butler County Connect:
“This stimulus will help support our local business community. I understand the hardships that they are going through and we want to help support them in any way we can. This stimulus is another method that will help get them the financial aid they need during this difficult time.”
Pending City Council approval on March 25, 2020, the City of Hamilton will be funding an emergency grant in the amount of $300,000 to the Hamilton Economic Development Corporation (HEDC), in response to the current economic situation brought about by the coronavirus pandemic. The HEDC is a non-profit economic development corporation that has been serving the City of Hamilton community for over forty (40) years.
The Greater Hamilton Chamber of Commerce will be accessing those grant funds in order to administer a local stimulus program. This program will support our small local businesses with large advanced purchases of gift cards to be sold to the public. Aimed at small restaurant, retail, and service establishments, small businesses interested in the program can apply using the application linked below.
Brick and Mortar Businesses – Must be open to the public and hold regular business hours (either currently or prior to Covid-19 pandemic). This program is aimed at for-profit service-industry businesses affected by the Covid-19 pandemic that rely financially on walk-in customer activity, such as restaurants, salons/barbershops, retail shops, and breweries/bars.
Funds are to be primarily used for payroll purposes to keep people employed and/or sole proprietors.
The applicant must be the owner of the brick-and-mortar business.
Businesses must be currently active, lawful, and have all necessary and required licenses and registrations.
Business must be in good standing with the City of Hamilton.
Businesses must have less than 50 employees on the payroll.
The business cannot be a direct sales company.
The business must be located within the city limits of Hamilton, OH.
Restaurants, retail, and service industries will be given preference. Also, preference will be given to locally-owned businesses.
The Application Process
The application will be open through Tuesday, March 24th at 1 pm. A selection committee will review all applications and may request additional information. The selection committee shall determine, in its sole discretion, whether an application meets the eligibility criteria to participate in the grant program.
These gift cards will then be available for purchase for the general public. Stay tuned for more details about how the public can purchase one of these gift cards.
Questions? Contact Tiffany Grubb via email or cell # (513) 479-6736, or Dan Bates via email or cell # (267) 249-9649.