The city of Ironton in Ohio is currently offering grant money to small businesses through its economic development fund. The primary objective of this program is to provide financial assistance to businesses for capital improvements and promote business growth. The city gives priority to applicants who plan to use the funds to match current spending on improvements or create new job opportunities.
Mayor Sam Cramblit stated that the funds allocated to the economic development fund come solely from hotel tax revenues generated by stays at the city’s two hotels. If a business is awarded a portion of this grant money and uses it according to the specified guidelines, they will not be required to repay the funds to the city. This initiative is aimed at supporting small businesses and enhancing economic development in Ironton.
Kouns Korner, a local business, has expressed interest in applying for this grant money. Daly Malone, an employee at Kouns Korner, expressed enthusiasm for the opportunity to potentially use the grant for various improvements such as expanding kitchen space, adding parking, and increasing seating capacity due to the business’s rapid growth.
Interested businesses can access the grant application online on the city’s website or download and submit it in person at the mayor’s office. The application deadline is set for noon on Friday, June 14th. This initiative aims to support small businesses and enhance economic development in Ironton by providing them with financial assistance for capital improvements and promoting business growth.