Grant assistance can be applied to new, for-profit entities moving to, and or expanding in, Cleveland who create at least five new full time W-2 jobs in the City. The program can also be utilized by existing businesses with substantial job creation. Restaurants, charter schools, retail businesses, daycares and entities with 1099 jobs are ineligible for the program.
Eligible applicants may receive grants of up to 0.5% of new payroll to the City of Cleveland for up to three years and may also qualify for an additional $5,000 Moving Assistance Grant.
Use of Proceeds
Eligible expenses for the Moving Assistance Grant includes moving costs and IT installation expenses.
Not required for this grant.
No collateral is required; however the business must remain operating for the term of the grant.
The Applicant will submit certified payrolls with total employment and payroll information no later than April 30th of each year for the term of the grant contract. The Applicant must execute a City Workforce Development Agreement. The Workforce Development Agreement is a free service provided by Ohio Means Jobs that works to match unemployed skilled workers with available positions.