Buckeye Lake Businesses can apply for Assistance

Local News

The State seeks to help those that have lost revenue while the water is kept low and a deteriorated dam is replaced.

Applications are being taken for grants and loans for those affected at Buckeye Lake. 

Representative Tim Schaffer, of Lancaster, said the Ohio Development Services Agency will consider the applications on a first come, first serve basis. 

To quality businesses must be able to show that revenue dropped by at least 40 percent in 2015 from 2014. They can apply for grants to compensate for up to half of their losses, up to a maximum  of $10,000 and for no-interest loans up to $20,000 for up to seven years with no collateral required. 

Businesses can apply for a loan and a grant, but can’t receive both.

 

 

 

 

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