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Watch live: Gov. Mike DeWine to discuss additional funding for Ohio businesses

The announcement comes after the state of Ohio approved $420 million in CARES Act funding.

Governor Mike DeWine will hold a press briefing on Wednesday to address additional funding for Ohio businesses amid the coronavirus (COVID-19) pandemic.

RELATED: More coronavirus coverage from WKYC

The press briefing, which will also feature Lt. Governor Jon Husted, will occur at 2 p.m. ET.

Last Friday, DeWine announced a proposal to distribute $429.5 million in CARES (Coronavirus Aid, Relief, and Economic Security)  Act funding. On Monday, the state of Ohio controlling board approved the distribution of $419.5 million as a part of that plan.

“I’m very pleased the State Controlling Board has approved our CARES Act package of more than $419.5 million," Gov. DeWine said in a statement. "We worked closely with the General Assembly, and I am grateful for their continued partnership in supporting Ohioans impacted by the COVID-19 pandemic."

Funding passed on Monday included the following measures:

  • $125 million for small business grants, which will allow small businesses to apply for up to $10,000 in relief. Businesses can apply beginning Nov. 2 at www.businesshelp.ohio.gov
  • $55 million for rent, mortgage and utility assistance to be administered by the DSA through various Community Action Agencies
  • $100 million for higher education to assist with added expenses due to COVID-19
  • $62 million for rural/critical access hospitals
  • $25 million for non-profit unemployment 
  • $20 million to support the performing and cultural arts

DeWine's press briefing comes one week after Ohio repeatedly set new records for daily highs of new confirmed and probable coronavirus cases. On Tuesday, Ohio reported 2,509 new coronavirus cases, 198 new hospitalizations, 20 ICU admissions and 22 new deaths.

Later this week, Ohio could see its first counties reach Level 4 "purple" on the state's public health advisory system. You can watch DeWine's full press briefing from Tuesday in the video player below.

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