County giving businesses $750K in relief
$10K grants limited to firms with fewer than $1M in sales
WARREN — Trumbull County commissioners on Wednesday are expected to vote to appropriate $750,000 in coronavirus relief funds for small businesses.
The grants will be $10,000 for eligible expenses and do not have to be paid back.
“The COVID-19 pandemic has negatively impacted the lives and livelihoods of so many individuals and families in Trumbull County. The pandemic continues to affect local government and our ability to provide essential services,” a release from the commissioners states. “But just as importantly, this pandemic continues to adversely affect our local economy, in particular, our small businesses. In Trumbull County, we recognize that small business is the backbone to any thriving economy. Right now, so many of those businesses are struggling to stay afloat. With limited resources and lost revenue, they need our support now more than ever.”
The program will be called CARES 4 Trumbull and be run through the Trumbull County Planning Commission and Valley Economic Development Partners, which will be responsible for ensuring the “funds are distributed fairly and expeditiously.”
Valley Economic Development Partners will run the program for a $100 application fee per business, said Nicholas Coggins, assistant director of the planning commission.
Eligibility requirements will be available online under a “CARES 4 Trumbull” tab on the commissioners’ website, and ValleyEDP.com, once the contract with VEDP is signed, Coggins said. Application information will be available online. The program is expected to be limited to businesses with $1 million or less in sales per year and businesses that did not benefit from other coronavirus relief programs earlier in the year, Coggins said.
VEDP was selected to run the program because it is administering a similar program in Mahoning County and so have the capacity, staff and process to get the program up off the ground “quickly and seamlessly,” Coggins said.
“Trumbull County is creating this program in order to further economic development, as well as increase employment opportunities for Trumbull County residents. The Trumbull County commissioners and the Trumbull County Auditor (Adrian Biviano) recognize how important it is to preserve existing operations of small businesses in Trumbull County during this time of need and emergency,” the news release states. “Our primary objective is simple: We aim to minimize the long-term economic hardships so many residents and employees of Trumbull County have had to deal with throughout this devastating pandemic.”
Commissioner Mauro Cantalamessa said the county is receiving $10.5 million in CARES Act funding. Some of the money is expected to be appropriated to local food banks and nonprofits, he said.