LAGRANGE – LaGrange County had received money to help small businesses.
The Indiana Office of Community and Rural Affairs announced that an additional 42 Hoosier communities have received just over $10 million in federal grant funding through the COVID-19 Response Program. The money is derived from Indiana's CARES Act allocation.
LaGrange County was awarded $250,000 to provide $10,000 grants to small businesses to retain jobs held by low to moderate income employees, provide working capital and activities that support remote working. The LaGrange County Economic Development Corporation is the sub-recipient of this grant and will be dispersing the funds to LaGrange County small businesses.
To qualify for the $10,000 grant a company must have total employment of less than 100, and 51 percent of the workforce needs to classify as low to moderate income. They must also be physically located in LaGrange County.
Businesses will complete an application that includes their recent financial information and the LMI worksheet required for this CDBG program. The selection process will place a heavy emphasis on businesses that have lost revenue.
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