Economic Resources for Businesses in City of Cleveland
Programs and resources to assist City of Cleveland area businesses in response to COVID-19.
We have created this page on our website to help businesses throughout the City of Cleveland respond to the challenges of COVID-19. For immediate business technical assistance and guidance during these economic times, please contact the Department of Economic Development Monday - Friday, 8am-5pm at 216-664-2406.
The City of Cleveland is prepared to help businesses through the economic impact of the COVID-19 pandemic. The continued vibrancy of Cleveland’s commercial corridors is vital to our community. In order to help maintain our business community, the City in accordance with Mayor Frank G. Jackson's ReSTART CLE plan, the Department of Economic Development is implementing the following financial assistance programs. With the lifting of the Mayor’s Emergency Declaration on May 31 and the Governor’s Health Orders on June 2 for most businesses, the Department of Economic Development will no longer be accepting applications for the Emergency Working Capital Loan program and the Safe Operations Grant program after June 11, 2021.
ReStartCLE Emergency Working Capital Loan Program: City of Cleveland businesses may borrow up to $25,000 for operating costs (rent, utilities, and payroll) incurred from March 1, 2020 through 12/31/2021. No application fees and no interest or payments due until January 1, 2022 and 1% interest thereafter. Repayments will be equal to $15/month for every $1,000 borrowed until the loan is repaid. In order to be eligible businesses need to be operating in the City of Cleveland as of March 1, 2020 and have an active lease as of March, 1, 2020. Subject to credit review. Additional criteria and conditions may apply. Please note that the deadline for complete applications is JUNE 11th. Applications will not be accepted after this date. Apply here.
ReStartCLE Emergency Working Capital Program -Safe Operations Grant: City of Cleveland businesses are eligible for grants up to $10,000 for costs incurred to operate safely during the pandemic. Example of eligible costs include PPE (personal protection equipment), partitions, single-use menus, and similar working capital or equipment required to operate safety during the pandemic. In order to be eligible businesses need to be operating in the City of Cleveland as of March 1, 2020 and have an active lease as of March 1, 2020. Subject to credit review. Additional criteria and conditions may apply. Please note that the deadline for complete applications is JUNE 11th. Applications will not be accepted after this date. Apply here.
Debt Relief for Existing City Loans: On March 23, 2020, the City Council passed Ord. No. 341-2020, authorizing the Director of Economic Development to defer payments on loans owed to the City. Loans funded from the City’s resources had payments deferred until October 1, 2020. This deferment has been extended through July 1, 2021.