"Today we are calling upon the General Assembly, out of the $4.5 billion CARES Act allocation the state of Ohio has received, ... to set aside $100 million for a statewide small business grant program to reimburse and help support these small businesses with their coronavirus-related expenses," he said. Ohio Business Quick Start Guide. Find government-backed loans and other financing programs to start or grow a business in Ohio. Have you spent hours looking for money for your women-owned business? Alternative Fuel Transportation … The application period has closed. The Ohio Development Services Agency has a variety of bonds, grants, loans and tax credits that can assist Ohio companies as they grow and create jobs in Ohio. Some 78% of Ohio small businesses are now seeing significant revenue losses because of the pandemic, he said. While most have resumed operation, they are functioning at decreased revenue. Businesses have shown that there remains a need for assistance. Some look very spammy. FedEx’s Small Business Grant: In 2018, this grant received 7,800 applications, with 10 winners total. © 2020 www.cantonrep.com. Others can be confusing and complicated government sites. Small businesses across Ohio have been impacted the most by the coronavirus, Sprague said. And the clock is ticking: The money, which would come from federal aid already given to the state, must be allocated and spent by Dec. 31. If the program is created, it could serve as a template or blueprint for local governments to create similar grant programs, Spraque said. AKRON Ohio's treasurer wants the state to set aside $100 million in federal pandemic relief funds to provide grants to struggling small businesses hurt by the coronavirus. Sole proprietorships should be eligible, he said. More specific details and rules need to be worked out by the General Assembly, including how the grant program will be administered and when people can begin applying for the money, Sprague said. AKRON – Ohio's treasurer wants the state to set aside $100 million in federal pandemic relief funds to provide grants to struggling small businesses hurt … This program was launched to help small, minority- and women-owned businesses have been hard hit by the COVID-19 pandemic by providing $10,000 grants to qualifying businesses. The Ohio Service Corps of Retired Executives (SCORE) is grant supported by the U.S. Small Business Administration. General Assembly leadership is interested in the concept, he said. The deadline is Dec. 31," Sprague said. "Money has to be allocated and spent. Ohio Small Business Grants With more than $25,414.00 million dollars in grants and additional local government funding sources of $19,115.00 million dollars, the majority of the federal budget in government grants is put into the business sector every year as small businesses and large corporations are the foundation of the economic growth in Ohio. The program needs to go through the General Assembly first, get approval by the DeWine administration and then be administered. Funding is intended to offset financial loss due to business closures or reduced revenues impacted by the pandemic. Open a Business. Grants of up to $10,000 to Ohio small businesses in eligible locations for relief and recovery aid to during Coronavirus (COVID-19). The program is funded with $750,000 of the State of Ohio’s CARES Act allocation and will be providing each selected business with up to a $10,000 grant to address their pandemic related needs. SCORE has a number of offices throughout Ohio in all major cities such as Akron, Cleveland, Newark and Youngstown. Small Business Resource Guide for Ohio; Access Financing. Learn what it takes to start a business in Ohio. The Ohio Business Roundtable, Ohio Restaurant Association, Ohio Chamber of Commerce and others support its creation, he said. COLUMBUS, Ohio (WDTN) – Ohio Treasurer Robert Sprague called for at least $100 million in the state’s remaining federal CARES Act allocation to be used to create small business grants. We think this is a real ability to get money into small business.". The Ohio Service Corps of Retired Executives (SCORE) is grant supported by the U.S. Small Business Administration. The statewide program would provide grants of up to $50,000 for businesses that have one to 499 employees, he said. "As we've seen throughout the country, and here in Akron and throughout the state of Ohio, small businesses have been tremendously adversely impacted, whether you are talking about retail, restaurants, salons, the list goes on and on," he said. SCORE has a number of offices throughout Ohio in all major cities such as Akron, Cleveland, Newark and Youngstown. Starting a Business in Ohio. Ohio Treasurer Robert Sprague came to Akron on Thursday to talk about the proposal. More information on the various programs is listed below. OHIO MINORITY MICRO-ENTERPRISE GRANT PROGRAM. Nationally, one in six restaurants are in danger of going out of business, he said. Your California Privacy Rights / Privacy Policy. The Ohio Treasurer's office would be the fiscal agent for the program, he said. Ohio Business Financing: Bonds, Grants, Loans & Tax Credits Getting a business grant for women in Ohio doesn’t have to be hard. Small Business Grants for Women in Ohio. "It needs to happen quickly. SCORE is a non-profit developed to help women and other minorities create small businesses. Eligible businesses can apply for grants of $10,000 per business on a … And while the small businesses need support from state government, the state also needs the small businesses to help lead the way out of the pandemic, Sprague said. Funding is intended to offset financial loss due to business closures or reduced revenues impacted by the pandemic. AKRON Ohio's treasurer wants the state to set aside $100 million in federal pandemic relief funds to provide grants to struggling small businesses hurt by … bizgrants@development.ohio.gov Thank you for your interest in the Ohio Minority Micro-Enterprise Grant Program. "We've also talked with the small businesses," Sprague said. The grant program could be in operation in several weeks if the General Assembly and DeWine administration are open to it, Sprague said. One of the best sources of small business grants is from corporations looking to give back to the community. All rights reserved. This $5 million program will provide grants to help businesses owned and operated by minorities and women in response to the COVID-19 pandemic. SCORE is a non-profit developed to help women and other minorities create small businesses. Grants to Ohio Small Businesses for Relief and Recovery Aid During COVID-19 Deadline 10/30/20 Grants of up to $10,000 to Ohio small businesses in eligible locations for relief and recovery aid to during Coronavirus (COVID-19). It can be a daunting task if you hit the wrong sites. These often have less competition than other grants because they aren’t listed on popular grant sites like Grants.gov.
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