March 23rd, 2020—The City of Lakewood is announcing the Small Business Rent Relief fund to
support the vibrancy of Lakewood’s commercial corridors during the COVID-19 pandemic. In
addition to the federal and state programs available to support small businesses, this program
aligns with the City’s Community Vision in its goal to “strengthen economic development
efforts to increase commercial occupancy."
Grants up to $3,000 from the Small Business Rent Relief fund can be used to reimburse rent
payment for struggling business during the COVID-19 pandemic. After the first month of the
fund, the program will be evaluated based on the restrictions at the time and business needs.
“The City along with our partners, LakewoodAlive and the Lakewood Chamber of Commerce, is
committed to serving as a trusted resource and partner for our local business community during
these challenging times,” said Mayor George. “The Small Business Rent Relief Fund is one of
the steps we are taking to help ease the burden of the COVID-19 pandemic on Lakewood small
businesses. Our locally owned businesses are the backbone of our community and we will
continue to do all we can to support them.”
Only businesses operating out of a commercial or retail storefront located in Lakewood, Ohio
with fewer than 50 employees are eligible to apply. Businesses must also be experiencing
negative impacts from COVID-19. Unfortunately, home-based businesses do not qualify.
To apply, please visit http://www.onelakewood.com/covid19businessresources.
The program is financially supported by the City's Economic Development Fund and federal
Community Development Block Grant (CDBG) funds.
For more information on the Small Business Rent Relief Fund program and other Business
Emergency resources, visit http://www.onelakewood.com/covid19businessresources/ or contact
the Planning Department via email at [url]planning@lakewoodoh.net.[/url]
City of Lakewood--Small Business Rent Relief Fund
Download pdf here: http://media.lakewoodobserver.com/media/docs_1585001631.pdf
.