Indiana was recently named No. 5 in the nation in the 2020 Best States for Business report compiled by Chief Executive Magazine.
In order to continue supporting the employers in our state, Gov. Holcomb and the Indiana Economic Development Corporation (IEDC) recently announced several new grants for businesses negatively impacted by the COVID-19 pandemic.
A strong economy is absolutely critical to the future success of our state, and I hope to see these new grants help put Indiana back on track.
Small Business Restart Fund
$30 million in federal funding made available through the CARES Act will provide Small Business Restart Grants to cover certain expenses for businesses that have not received federal assistance.
Eligible Indiana small businesses must have fewer than 50 employees and will be reimbursed for up to 80% of qualified expenses.
To learn more about specific qualifications, grant amounts and the application process, click here.
Manufacturing support and long-term growth
The IEDC recently approved $10 million to launch the Economic Activity Stabilization and Enhancement (EASE) program to support technology and operational advancements in Indiana’s manufacturing industry.
The EASE program encompasses three complementary initiatives and is designed to stimulate manufacturing investments by prioritizing startup investment and resources, technology modernization and development, and training assistance.
To learn more about the EASE program initiatives, click here.
Information provided by State Sen. R. Michael Young firstname.lastname@example.org