INDIANAPOLIS–Many small businesses in Indiana are getting closer to receiving additional financial relief from the pandemic.
A bill providing more than $60 million in potential grant money unanimously passed one final reading in the Indiana Senate Monday.
The Hoosier Small Business Grant Program would provide more than $60 million dollars to eligible businesses that have been hit hard by the pandemic.
The Indiana Economic Development Corporation will manage the grants. The Senate version of the bill allows the corporation to make changes, as long as it is reviewed by the budget committee. That could mean further eligibility changes are possible.
The Indiana House has to both review and agree to the changes before it is sent to Governor Eric Holcomb’s desk.
