Lake County Microenterprise and Working Capital Programs

Jun 11, 2020Uncategorized

Ohio Economic Development Association
Economic Recovery Best Practice Case Study



Practice Name Lake County Microenterprise and Working Capital Programs
Category Grants and RLF for Small Business
Sector Small Business
Organization Lake County
Contact Betsy Figgie,, 216-570-9085 or Rhea Benton, Lake County Planning and Community Development;; 440-350-2740.
Web Site  
Description Microenterprise Emergency Relief Grant Program: Up to $5,000 in grant funding to businesses of 5 employees or less
Emergency Working Capital Loan Program: Loans up to $20,000 to businesses with 25 employees or less
Partners Lake County
Lake County Development Council
Lake County Commissioners
Outcomes “meant to foster further economic development, preserve and create employment opportunities for Lake County residents, and support the operations of small businesses during a time of need and emergency.”
Other Criteria 50% of employees must live in Lake County; Businesses who used PPP are NOT eligible; Must be located in Lake County; a variety of LMI and other criteria related to HUD requirements apply.
Process See contacts above.
Links / Resources



$700,000 in CARES funding from HUD