Biz Grants to Help 18 Local Startups
The Economic and Community Development Institute and INCREASE Community Development Corp. are among eight Ohio nonprofit organizations receiving funding that will aid the small business development and create and retain jobs in the private sector.
The funding −$480,000 in Microenterprise Business Development Program grants from the Ohio Housing Trust Fund− will help awardees provide training and technical assistance to 784 people and provide 48 loans for startup businesses.
“Businesses of every size are important to the state’s economy,” says Ohio Department of Development Director Lisa Patt-McDaniel. “We want to ensure that our smallest businesses and their employees have the training and the resources they need to be successful.”
Microenterprise Business Development Program grants are administered by ODOD’s Office of Housing and Community Partnerships.
ECDI and INCREASE, which are located in Franklin County, each will receive a $60,000 grant.
With the funding, ECDI will assist 35 low- and moderate-income people and 10 businesses, while INCREASE will assist 50 low- and moderate-income people and eight businesses.
In Other News…
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Single-office private law practices are becoming increasingly popular, according to an article recently published in Columbus Business First. [Read More]
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Columbus Startup Weekend kicks of Jan. 14. Ticket discounts worth $25 are available for a limited time. [Read More]