Portman Applauds $1.8 Million in CARES Act Grant to Help Small Businesses in Cuyahoga County Respond to COVID-19
WASHINGTON, DC – Today, U.S. Senator Rob Portman (R-OH) applauded the U.S. Commerce Department’s Economic Development Administration (EDA) for awarding $1.8 million in CARES Act Recovery Assistance grants to the Urban League of Greater Cleveland, Inc. The grant will help provide critical gap financing to small businesses located in Cuyahoga County, outside of the city of Cleveland, that have been economically impacted by the coronavirus pandemic. According to the EDA, this grant will be matched with $450,000 in local funds, is expected to create 300 jobs, retain 300 jobs, and generate $3 million in private investment.
These grants comes from funds accessible thanks to the bipartisan Coronavirus Aid, Relief, and Economic Security (CARES) Act, which Portman supported and was signed into law by former President Trump.
“This is exciting news for the Urban League of Greater Cleveland. I’m pleased to see this $1.8 million federal grant go towards supporting Cleveland-area businesses,” said Portman. “This grant, provided through the CARES Act, will help small businesses in Cuyahoga County that have been impacted by the coronavirus. I was proud to support the CARES Act last year, and I am glad to see that it continues to help local communities while we emerge from the COVID-19 pandemic.”