NOTICE: On May 29, Governor Eric Holcomb announced theThe Small Business Restart Fund will provide grants of up to $10,000 for qualifying businesses that have lost at least 40 percent of their revenue and aren’t eligible for the Paycheck Protection Program. Those who receive a Noble County Micro-Grant will be ineligible for funding from the Restart Fund. Find details about the Restart Fund.
The Noble County Economic Development Corporation (EDC) is offering small business grants, funded by Community Development Block Grant dollars as part of Indiana's COVID-19 Response Program. Indiana recognizes that our community is an economic frontier and that small businesses are absolutely crucial to survive this crisis. The EDC is privileged to distribute more than $95,000 to local small businesses to help keep their doors open, maintain jobs and sustain through and beyond the COVID-19 pandemic. For one-on-one assistance or a paper application, please email firstname.lastname@example.org.
Frequently Asked Questions:
How much funding will be available per business?
The average grant award is projected to be $1,250 however applicants may request amounts higher or lower, based on need.
Who is eligible to apply?
Those eligible to apply for this Micro-Grant opportunity are businesses that:
|Have fewer than 26 workers
|Operate in Noble County, Indiana
|Are a registered entity with the Indiana Secretary of State
Are NOT a non-profit organization, church, bank or financial institution, investment management firm, property management or investment firm, real estate agency or brokerage firm, or government agency
Are willing to ask all who work for the entity to participate in a brief, anonymous survey to collect family make-up and income data required by the funder
You may check your eligibility to apply here.
What will be needed for application?
In addition to business contact information and general questions about your business, we will need to know for what purpose you will use the funds, and will require that each worker at the business participate in a brief, anonymous survey.
Funds will be available for the following needs:
- Occupancy expenses (mortgage, rent, etc.)
- Utilities (electric, gas, water, internet, phone, etc.)
- Property taxes
- Property / Liability insurance premiums
- Payroll-related expenses*
- Other business operating expenses
*If you have applied and been approved for the Paycheck Protection Program (PPP), funds from this micro-grant may not be used for payroll-related expenses.
You will need to provide details of your business plans for sustainability. We will want to know how this micro-grant will help you keep your doors open after the COVID-19 pandemic and/or retain job(s).
We will ask for details about what you are doing now and what you will do going forward to ensure your business grows and prospers.
We will ask for documentation that your business has been negatively impacted by the COVID-19 pandemic and to illustrate typical expenses for which funding is sought.
Who will determine grant awards?
A panel of local development partners will review all grant applications received and determine how Noble County's portion of funds are distributed. All grant recipients must meet criteria as established by the Community Development Block Grant program.
How long will it take to learn about grant awards?
After an application is submitted, a program coordinator will review your submission to ensure enough back-up documentation has been provided to substantiate your request for relief funding. If there are any concerns, you will be notified and have an opportunity to provide additional information. Application packets that appear complete will be forwarded to the review committee on a weekly basis, on Wednesday of each week. Checks will be written and distributed by the following Monday for those applications approved for funding, with the first checks to be written not prior to June 15. This process will be repeated on a weekly basis until funds expire or as long as applications are still being received.