INDIANAPOLIS (WEVV) — Indiana Governor Eric Holcomb on Monday announced an extended application period for the Indiana Small Business Restart Grant.
This will allow small businesses in Indiana to apply for recovery funding beginning from now through Jan. 22, 2021.
Small businesses that have 51-75 full-time employees are eligible to apply.
Eligible businesses may seek reimbursement for payroll and verifies insurance premium payments.
Eligible businesses in all of Indiana's 92 counties may seek reimbursement for qualified expenses incurred between March-December 2020, extending the time period from Nov. 1 (for Marion County) and Dec. 1.
Small businesses that meet the eligibility requirements can apply for reimbursement of up 80% of qualified business expenses incurred between March-December 2020.
Reimbursements for expenses may be awarded up to $10,000 for each month during the time period in which the business demonstrates a revenue of at least 30%.
Grants will be issued up to $50,000 per company and will be issued in the order in which applications are received until funding is exhausted.
The application, along with additional details and instructions, are available at backontrack.in.gov.
