Small businesses are quick to lend a hand to neighbors in need and go out of their way to support local communities. They are vital to Indiana’s economy, and are being hit hard by the pandemic, especially those in hospitality and tourism industries. To assist Hoosier entrepreneurs, House lawmakers passed a bill to help struggling businesses bounce back.
House Bill 1004 would extend and strengthen an existing grant program to accelerate economic recovery and protect Indiana jobs. This Hoosier Hospitality Small Business Restart Grant Program could provide up to $50,000 in grant funding to eligible businesses. To qualify, businesses must be in good standing and able to show a significant loss of revenue. If awarded a grant, funds could be used toward a portion of business and payroll expenses.
House Bill 1004 received bipartisan support from the Indiana House of Representatives and has been referred to the Senate Appropriations Committee for further consideration. For more information about legislation from this session, visit iga.in.gov.