The Rich County
Economic Development Grant is a funding opportunity provided by the County to
assist local businesses to grow and become more profitable by supporting but
not limited to: infrastructure, asset acquisition, and training. Marketing,
wages, or general operating costs are not eligible for funding. Matching
contributions are required. The county will also place a premium on those
application that can show favorable return for the grant investment through
retention of full-time employees, market research, facility improvements, or
equipment. Requests will be limited to $20,000 and one application per
individual per business. Requests for funding in excess of $10,000 will
be required to formally present their application to the Rich County Economic Development
Board. Proof of profitability through profit and loss or other
means. However, this information will not be forwarded to the board for
review to maintain confidentiality. Applications are due by January 1,
2024. Funding is on a reimbursement basis and all receipts from grant
recipients must be received by the grant administrator by June 30, 2024.
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