This week, Lt. Gov. Jon Husted announced the Ohio PPE Retooling and Reshoring Grant Program. This $20 million program will provide awards of up to $500,000 to help small and medium-sized manufacturers repurpose existing facilities to make needed personal protective equipment (PPE), as well as to reshore PPE production to Ohio. Up to 20% of funding will be reserved for manufacturers with fewer than 25 employees.
Grant funds can be used to offset costs incurred to acquire equipment necessary to manufacture PPE, retool, or construct facilities to manufacture PPE and make technological upgrades. Expenses dating back to March 21 (the date of Gov. DeWine’s emergency declaration) will be eligible for reimbursement.
This funding is available on a first-come, first-served basis, so quick action is recommended. To learn more, see this press release. Also announced was a new grant program for small businesses that are owned and operated by minorities or women, as well as a loan program for businesses in Ohio’s Appalachian region. 6/2/2020