COVID-19 Business Stabilization Program

 

The COVID-19 Business Stabilization Program established by the City of Youngstown allows eligible for-profit businesses to receive grants of up to $10,000 for reimbursement of eligible expenses incurred since March 01, 2020.

The funding round will run until March 1, 2021, and applications will not be accepted after that date.

To be eligible, businesses must:

  • Have been in operation for at least one year prior to March 15, 2020.
  • Employ between 3-25 individuals
  • Be located in a Low- to Moderate-Income Census Tract
  • Be open and operating at time of application or operating within 30 days of receiving grant funds.
  • Not be in receivership or bankruptcy and any prior bankruptcies filed must have been closed for a minimum of 2 years.
  • Be current on City of Youngstown municipal income taxes as of March 15, 2020.

Businesses may not request reimbursement for expenses that the business has already received assistance for. Eligible expenses include:

  • Rent/Mortgage
  • Utilities (i.e. oil, gas, electric, water/sewer, internet, phone)
  • Supplies (Needed for day-to-day operations up to 90 days)
  • Building Improvements or Equipment purchases needed to “prevent, prepare for, and respond to the coronavirus.”
  • Operational costs to respond to and/or adapt for COVID-19 challenges
  • Insurance
  • Advertising
  • Payroll

Go get all the details, as well as the application, click on this link https://valleyedp.com/wp-content/uploads/2021/02/City-of-Youngstown-COVID-19-Grant-CORRECTED-2.2.21.pdf

 

Contact

  • Address:DJL Accounting & Consulting Group, Inc.
    Cider Mill Professional Center, Building C-102
    1570 S Canfield Niles Road
    Youngstown, Ohio 44515 
  • Phone:330 779 0781

 

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