State Representative Tim Schaffer (R-Lancaster) today announced that applications for the grant and loan programs funded by his amendment in the 2015 state budget for businesses hurt by the Buckeye Lake dam repairs will be launched on Tuesday, April 12, 2016 at 10 AM.


Schaffer highly encourages local businesses to apply for the grants and loans quickly by going to the Ohio Development Services Agency website for application details. The links are below:


Grants: https://development.ohio.gov/bs/bs_ledgp.htm
Loans: https://development.ohio.gov/bs/bs_ledrlp.htm


Businesses can apply for both a loan and grant, but ultimately cannot receive both. If approved for both, businesses will be able to choose their preferred mechanism. Businesses must be able to show a 40% revenue reduction in 2015 over 2014.  Additional details will soon be available online.


Businesses can apply for grants to compensate for up to 50 percent of their loss to a maximum of $10,000. The loans may be as large as $20,000 and will be 0% interest, term for up to 7 years and will not require collateral.


Applications will be reviewed on a “first-come first-served” basis, so it is very important that businesses that suffered significant damage in the construction process apply quickly.


This state funding first was created in 2015 by an amendment to the state biennial budget authored by Rep. Schaffer.

 
 
 
  
Featured Posts

Patriot Day: A Day Of Remembrance And Service

 
Columbus - 

As time goes on, it is important for us to continue to reflect upon and remember the lives lost on this day 17 years ago. As a nation, we now commemorate September 11th as “Patriot Day” and it is meant to commemorate the almost 3,000 fallen heroes and patriots whose lives were maliciously ended on September 11, 2001. This was an attack on our way of life, liberty, and our preservation of freedom. 



 
 

Labor Day Commemorates American Working Values

 
Columbus - 

State Representative Tim Schaffer (R-Lancaster) is celebrating Labor Day this weekend, which was officially made a federal holiday by Congress in 1884.



 
 

Nearly $8.7 Billion In Workers' Compensation Rebates For Fairfield County Employers

 
Columbus - 

For the fourth time since 2013, the Ohio Bureau of Workers’ Compensation is awarding a 9-figure rebate to Ohio’s private and public employers, thanks to wise investments, smart business decisions and falling claims numbers.



 
 

Rep. Schaffer Applauds Payday Lending Reform Legislation

 
Columbus - 

State Representative Tim Schaffer (R-Lancaster) applauded the Ohio House’s concurrence on Senate changes to House Bill 123, legislation sponsored by Reps. Kyle Koehler (R-Springfield) and Michael Ashford (D-Toledo). The bipartisan bill will reform the state’s payday lending industry and is aimed at lowering interest rates on loans and helping borrowers avoid endless debt cycles.