Henry County Small Business Grant Program

Henry County government received funding from the Indiana Office of Community and Rural Affairs to offer business grants through the EDC.

Applications are due by 4 p.m. on June 18. 
Questions: 765-521-7402
E-mail:
cmurphy@growinhenry.com 
Mail: New Castle Henry County EDC, 100 South Main Street, Suite 203, New Castle, IN 47362.  

Program Guidelines Henry County

Henry County COVID-19 Phase III Small Business Grant Application-2021 Revised 6-15

W-9 Blank

WHO: For-profit businesses located in Henry County
•Gross receipts less than $1 million per year
•Small Businesses (100 employees or less)
•51% of employees retained are low to moderate income on an aggregated basis. LMI is defined as a position that pays up to $37,450 annually.
•Microenterprises (5 employees or less, one must be the owner) Low to moderate income owner or 51% of employees retained are low to moderate income.
•Low to moderate income owner or 51% of employees retained are low to moderate income
•Business must show direct financial need of grant funds to retain jobs
•Preference given to locally owned businesses
•Preference given to Minority- Women- and Veteran-owned businesses


WHAT: Grant program to retain jobs, 51% of which will be for persons who are low to moderate income.
•Grant amount –up to $10,000 per business

HOW: Fill out application (available for download on this page.)
•Completed application, including the attached W9. Grant proceeds are reported to the IRS on a 1099 form.
•Funding comes from the Indiana Office of Community and Rural Affairs who provided $250,000 infunding for the COVID 19 Response Phase 2 program.

Applications are to be submitted to the EDC by 4:00pm on Friday, June 18, 2021. All applications received before that date will be considered filed at the same time. Subsequent applications will be considered on a first come, first served basis as long as funds are available. Scanned and emailed applications as well as digital signatures will be accepted. The business will commit to remain open or reopen and retaining stipulated number of employees as well as 2 years of grant reporting

CRITERIA: Grant approval decisions will be based on the ability of the business to demonstrate that a grant is necessary to retain low to moderate income employees, that the grant will have a positive impact on employment, and that the business was viable before the public health crisis. Businesses will qualify based upon the retention of jobs held by low to moderate income individuals.

Applications are due by 4 p.m. on June 18. 
Questions: 765-521-7402
E-mail:
cmurphy@growinhenry.com 
Mail: New Castle Henry County EDC, 100 South Main Street, Suite 203, New Castle, IN 47362.  

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