Grant money illustration (Photo: Andrii Yalanskyi, Getty Images/iStockphoto)
LAFAYETTE, Ind. — A new grant is available to help businesses outside of the Lafayette and West Lafayette city limits that have been impacted by the coronavirus pandemic.
Tippecanoe County Commissioner Tom Murtaugh said Monday that the Office of Community Rural Affairs provided $250,000 in grant money.
“The purpose of this grant funding is to give grants up to $10,000 to businesses that have been affected by COVID,” Murtaugh said.
He noted this is similar to grants Lafayette and West Lafayette received, expect this if for business specifically outside of the cities’ limits.
“It’s open to any business,” Murtaugh said. “The only criteria that they have to meet is that 51 percent of their employees have to be low- to moderate income. It can be used for any purpose. Payroll, utilities, rent, debt service.”
Businesses applying for the grant will have to list employees’ positions and wages so that those who review the applications can determine if they meet the criteria, Murtaugh said.
“People can apply for up to $10,000, but they may not get the full $10,000,” Murtaugh said. “It’s going to depend on how many applicants we get.”
Business owners may apply online at tippecanoe.in.gov before the end of the month, Murtaugh said. The committee will review the applications early in November and award grants in the middle of November, he said.
Asked about other COVID-19-related grants, Murtaugh said the CARES Act, which intended to provide relief to help people, businesses and governments. The CARES Act passed at the end of March.
The cities and Tippecanoe County all got CARES money, which initially was only for coronavirus expenses, not budgeted salaries.
Murtaugh said Tippecanoe County received $6.2 million in CARES funds and purchased personal protection equipment, including temperature monitors. They still have about $6 million, he said.
“The U.S. Treasury made a determination it can be used for any public safety or public health salary,” Murtaugh said, “so basically we can draw down that full amount because we can go back to March and bill on that.”
In Lafayette: In other news about COVID-19 grants, Lafayette announced last week that the Indiana Economic Development Corp. expanded its deadline and eligibility requirements for its Small Business Restart grants.
Previously, businesses that received funds from the Paycheck Protection Program, the Economic Injury Disaster Loans or the Community Development Block Grants were not eligible for the Small Business Restart grants.
They are now, according to a news release from Lafayette.
Businesses have until Dec. 1 to apply for the Small Business Restart grant at https://app.smartsheet.com/b/form/cd1911e739ea47d5bcd27692c360b389
Reach Ron Wilkins at 765-420-5231 or at [email protected] Follow on Twitter: @RonWilkins2.
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