Hamilton’s Fred Glynn and the Stabilization Fund for Small Businesses
Hamilton councilman Fred Glynn has, throughout his time in public service, proven himself to be a true-blue conservative who is reliable and dependable, carrying with him an unwavering faith in his principles. It is quite a rare sight nowadays to have someone like him in office. In fact, all people need to do is look at how Fred Gylnn is funded. He mostly gets small donations and has refused financial support from vendors who have done business with the county or its municipalities.
And though Glynn has refused to allow funding for entities that do not perform government functions, and has blocked any county contracts from being awarded to political insiders with special interests, he has supported a number of the county’s projects he deems to be essential government work.
One of these projects is the stabilization fund for small businesses.
A few weeks back, in the middle of May, officials in Hamilton County announced the establishment of a stabilization fund for small business owners who were forced to close their businesses during the ongoing global health crisis.
Hamilton County will be allocating $750,000 in grant funding and will be giving up to $10,000 per business owner depending on how much they need or their “demonstrated need.”
Fred Glynn explains the plain and simple truth that this stabilization fund, which is an investment in the community in a time of crisis, is only made possible because the county government itself has been managed in a “fiscally responsible manner.”
Below are the four conditions that have to be met by business owners in order to obtain the Hamilton County Stabilization Fund.
- Be in good standing with regard to state and local taxes, licenses, and code compliance.
- Be locally owned and not by an out-of-state corporation.
- Be in good standing with the Indiana Secretary of State.
- Have been established and operational in Hamilton County for at least the previous six months. Businesses that have expanded to a storefront from another business are eligible (e.g., an established caterer who opened a restaurant or an online retailer who opened a boutique).
It is also added that the stabilization fund may be used for“payroll (exclusive of owner compensation), utilities, rent, mortgage payments, insurance, or similar expenses, and products directly used in production of a product for sale.“