State To Distribute More CARES Act Money

(Columbus) - The State Controlling Board has voted to approve distribution of $425 million from the federal CARES Act to help businesses anf families affected by COVID-19.

The package includes aid for small businesses, rent and mortgage assistance, higher education, rural hospitals, non-profits, and the arts.

Here's how the money will be distributed:

• $125 million for small business grants, which will allow small businesses to apply for up to $10,000 in relief. Businesses can apply beginning Nov. 2;

• $55 million for rent, mortgage and utility assistance to be administered by the DSA through various Community Action Agencies;

• $100 million for higher education to assist with added expenses due to COVID-19;

• $62 million for rural/critical access hospitals;

• $38 million in liquor permit rebates;

• $25 million for non-profit unemployment; and

• $20 million to support the performing and cultural arts.

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