Hamilton County Stabilization Fund

Press release from the Hamilton County Government:

May 28, 2020

Nearly $750K to Be Disbursed to Those Forced to Close during Pandemic(NOBLESVILLE, MAY 28, 2020)

The Hamilton County Stabilization Fund for Small Businesses has selected 105 small businesses to grant funds to in response to the COVID-19 pandemic. All total, they will receive $743,205 in grant money. That money was approved by the Hamilton County Commissioners at their meeting on Tuesday, May 26th.

"We launched this program to assist small businesses in Hamilton County that were forced to close during the economic shutdown,” says County Councilor Fred Glynn. “This program is a lifeline to those businesses. For many, this program was their last attempt to avoid closing permanently.”

Each business has been granted anywhere from $1,000 to $10,000 based on their demonstrated need. Grants can be used for payroll, utilities, rent, mortgage, insurance, and products directly used in production of a product for sale. Preference was given to businesses that had not received abatements or incentives from the federal government, State of Indiana, or any local government entity.

“I am a firm believer that government should help when there is a legitimate need and this is a perfect example of that,” says Todd Clevenger, a grant administrator for the Hamilton County Auditor’s Office and member of the selection committee. “By funding the program, the County Council and Board of Commissioners have done a great thing that will positively affect so many people.”

Recipients of the Stabilization Fund’s grant dollars will be notified this week. They must show proof that they are in good standing with the Indiana Secretary of State before funds can be disseminated.

This press release was produced by the Hamilton County Government. The views expressed here are the author’s own.