A bill to aid small business recovery recently passed out of the Senate with unanimous support, said State Sen. Ryan Mishler (R-Bremen).
House Bill 1004, sponsored by Mishler, would create a grant program to provide funds to incentivize the regrowth of Hoosier businesses. The Hoosier Hospitality Small Business Grant Program would focus on the hospitality industry, building on the state’s existing efforts to help local businesses stay afloat. An additional $60 million dollars in funding would come from the CARES Act and would be administered by the Indiana Economic Development Corporation.
“It is critical to continue supporting our small businesses and tourism industry in light of the dramatic decrease in revenue over the past year,” Mishler said. “HB 1004 would provide small businesses with some of the funding they need to navigate and survive these uncertain times.”
