State senators seek additional funds for small businesses in pandemic
COLUMBUS–State Senators Michael Rulli (R-Salem) and Nathan Manning (R-North Ridgeville) Tuesday introduced new legislation providing an additional $300 million of combined state and federal funding to businesses and other entities across Ohio for COVID-19 pandemic-related expenses.
The allocation includes $150 million for small businesses that have already been approved for aid but have yet to receive funding due to lack of program funding; $20 million for indoor entertainment businesses who lost revenue due to canceled events and closures; and $10 million for new businesses that opened after Jan. 1, 2020. It also includes $120 million for Ohio’s fairs, veterans’ homes and child care services– $4.7 million for Ohio’s county and independent fairs, $3 million for Ohio’s two veterans’ homes and $112.2 million to reimburse child care providers for pandemic-related expenses.
To date, over $2.5 billion in funding has been approved by the General Assembly to be distributed to Ohio’s communities as they continue to battle and recover from the COVID-19 pandemic.
Testimony on Senate Bill 109 begins March 9 in the Senate Finance Committee, and a companion bill will be introduced in the Ohio House of Representatives.