Youngstown Launches $220,000 COVID Reduction Fund for Companies – Enterprise Journal Each day


YOUNGSTOWN, Ohio – The city of Youngstown has set up a $ 220,000 fund to help small businesses affected by the pandemic.

Businesses with three to 25 employees can apply for a reimbursement of up to $ 10,000 for operating expenses incurred since March 15, 2020. Eligible costs include payroll, rent, insurance and costs related to the introduction of new operating practices.

The application deadline is March 1st. Valley Economic Development Partners will manage the program on behalf of the city. For more information on how to apply, please contact the organization at 330 759 3668.

The fund was developed by the city’s community planning and economic development department. Support services are provided by the Minority Business Assistance Center at Youngstown Business Incubator and the Ohio Small Business Development Center at Youngstown State University.

The grant program is funded by a $ 200,000 block grant the city received through the Cares Act and $ 20,000 from the KeyBank Business Boost and Build program.

Copyright 2021 The Business Journal, Youngstown, Ohio.