Grants will be issued to reimburse qualified expenses up to $50,000 per company and will be issued in the order in which applications are received until funding is exhausted or until the program expires.
Eligibility Requirements:
- Registered Indiana Businesses:
- Business must have been established prior to Oct. 1, 2019
- Business must be registered to operate in Indiana, and must be seeking reimbursement for expenses related only to their Indiana operations
- Must be in good standing with the Indiana Department of Revenue (DOR) or have a DOR-approved payment plan
- Size:
- Business must have had less than 75 full-time employees, or equivalent, as of Dec. 31, 2019
- Business must have been profitable and have had less than $5 million in revenue (Gross Receipts or Sales) in 2019; profitability is determined by EBITDA
- Revenue Loss:
- Businesses must demonstrate a monthly revenue loss of at least 30% compared to pre-COVID 2019 average monthly revenue; Calculated as 2019 Gross Receipts or Sales / number of months in operation
Need assistance completing your application?
Contact the Northwest Indiana Small Business Development Center.
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