INDIANAPOLIS — Gov. Eric Holcomb has announced an extended application period for the Indiana Small Business Restart Grant, enabling small businesses throughout the state to apply for recovery funding through Jan. 22, 2021.
During this period, the state will also implement several changes to eligibility criteria and reimbursement categories to increase the number of small businesses taking advantage of the program and to increase the award amount that eligible businesses may receive.
Key changes to the program include:
• Small businesses with between 51 and 75 full-time associates are now eligible to apply.
• Eligible businesses may now seek reimbursement for payroll and verified insurance premium payments.
• Eligible businesses in all of Indiana’s 92 counties may seek reimbursement for qualified expenses incurred between March and December 2020.
According to a news release, the program’s extension will allow eligible small businesses that have not received the maximum award of $50,000 (maximum of $10,000 for an individual month) to seek reimbursement for qualified business expenses, such as payroll, verified insurance premium payments, rent/mortgage payments, utilities, lease payments for real or personal property, and safety investments.