It's officially official. The Noble County Economic Development Corporation (EDC) cleared a legal hurdle today and is now poised to fully and officially launch the Noble County COVID-19 Relief Micro-Grant program.
While EDC staff have already been working to help some local small businesses prepare information required for application, the EDC is now poised to begin accepting and reviewing applications from all local, eligible small businesses who have experienced losses in revenue due to COVID-19. Representatives today, from the Region 3-A Development and Regional Planning Commission and the EDC, came before the Noble County Commissioners to wrap up steps needed to accept the funds for distribution locally.
Back on April 22, Indiana Lt. Gov Suzanne Crouch announced a first round of COVID-19 assistance to 13 rural communities to support small businesses impacted by the pandemic. Noble County was awarded a $95,250 grant from the Indiana Office of Community and Rural Affairs in the first round. The money is "re-purposed" Community Development Block Grants (CDBG).
The Noble County Micro-Grant aims to provide relief to approximately 50-75 small businesses in Noble County, depending on demand and need. The average grant is expected to be about $1,250, though applicants may request more or less.
Noble County-based small, for-profit businesses with 0-25 employees, including sole proprietors and independent contractors, are encouraged to apply for funding to help pay for occupancy expenses (mortgage, rent, etc.), utilities (electric, gas, water, internet, phone, etc.), property taxes, property or liability insurance premiums, payroll-related expenses* and other business operating expenses incurred during COVID-19 and unmet due to loss of revenue.
Learn more about Micro-Grant eligibility and / or apply here! *Businesses who receive Payroll Protection Program (PPP) funds may apply, however funding will not be approved for payroll-related expenses.