Ohio treasurer proposing $100 million in small business pandemic relief grants – News – The Columbus Dispatch
AKRON – Ohio’s treasurer wants the state to set aside $100 million in federal pandemic relief funds to provide grants to struggling small businesses hurt by the coronavirus.
The program needs to go through the General Assembly first, get approval by the DeWine administration and then be administered.
And the clock is ticking: The money, which would come from federal aid already given to the state, must be allocated and spent by Dec. 31.
Ohio Treasurer Robert Sprague came to Akron on Thursday to talk about the proposal. The Ohio Business Roundtable, Ohio Restaurant Association, Ohio Chamber of Commerce and others support its creation, he said.
Small businesses across Ohio have been impacted the most by the pandemic, Sprague said.
“As we’ve seen throughout the country, and here in Akron and throughout the state of Ohio, small businesses have been tremendously adversely impacted, whether you are talking about retail, restaurants,