OTR small businesses have until Friday to apply for relief grant

OTR small businesses have until Friday to apply for relief grant
The OTR Chamber of Commerce has launched "Back on the Rise", a fund to help small businesses recover following the COVID-19 pandemic. (Source: OTR Chamber of Commerce)

CINCINNATI (FOX19) - Small businesses in Over-the-Rhine can apply for grants from the OTR Chamber’s Small Business Relief Fund.

Eligible businesses may apply for up to $20,000 to use for working capital such as payroll, rent, and other fixed costs.

Applications are being accepted from Wednesday, May 27 through 11:59 p.m. on Friday, May 29.

The relief fund was created to help small businesses in OTR and the Pendleton area recover and reopen after the devastating effects of COVID-19, the chamber said.

The program is also providing technical assistance and small business development services through the Economic and Community Development Institute (ECDI), a certified Community Development Corporation (CDC).

To be eligible, small businesses must meet the following criteria:

  • Be located within the OTR/Pendleton boundary
  • Have physical storefronts
  • Have experienced a significant decline in revenue and other losses due to the COVID-19 pandemic
  • Have defined amount of funds required to restart, complemented with a business resumption/continuity plan, covering expenses associated with reopening under federal and state guidelines
  • Grantees are required to reopen within 90 days of their specific reopening date designated by the State of Ohio’s Responsible Restart Program
  • Additional eligibility requirements and attachments can be found here: https://www.otrchamber.com/smallbusinessfund

The application is available on the OTR Chamber’s website https://www.otrchamber.com/smallbusinessfund.

Copyright 2020 WXIX. All rights reserved.