Small business grants serve as a crucial means of financial support for entrepreneurs, especially during the early stages of their business journey. If you are an Ohio-based entrepreneur looking for funding options, here are five top small business grants you should know about:
1. The Ohio Development Services Agency Grant:
The Ohio Development Services Agency (ODSA) offers a grant program that provides businesses with up to $150,000 in funding to innovate, create jobs, and increase revenue. ODSA offers several grant options designed to cater to various business types and sizes.
2. Ohio Third Frontier Program:
The Ohio Third Frontier Program provides funding and support services to Ohio-based entrepreneurs and helps transform good ideas into industry-leading companies. The program offers grants, loans, and other financial resources for start-ups and small businesses in Ohio.
3. Economic & Community Development Institute (ECDI) Loan Fund:
ECDI offers funding in the form of microloans for small business owners in Ohio. ECDI’s loan fund is designed to provide necessary funding for start-ups, small businesses, and microenterprises. The loans offered by ECDI are flexible and require little collateral.
4. Minority Business Enterprise (MBE) Certification:
The MBE Certification program is designed to help minority-owned businesses in Ohio gain access to capital, contracts, and networking opportunities. The certification process also offers training and technical assistance.
5. Rural Business Enterprise Grant (RBEG) Program:
The Rural Business Enterprise Grant (RBEG) Program is offered by the U.S. Department of Agriculture and is designed to provide funding and technical assistance to rural businesses in Ohio. The program offers up to $500,000 in funding for various business purposes.
In conclusion, small business owners can take advantage of various grant options in Ohio to support their growth and development. These grants can be a significant financial lifesaver for entrepreneurs who need that extra push to achieve their goals. By researching and applying for the available funding options, entrepreneurs in Ohio can create a thriving business and contribute to the economy.
