The Governor announced three new programs that could benefit SBDC Clients.

 1). Minority Micro-enterprise Grant Program:

  • Up to $10,000 for small minority and women owned businesses with 10 or fewer employees.
  • To be eligible, businesses must have been certified as a Minority Business Enterprise or woman-owned EDGE-certified business as of Feb. 29, 2020; have 10 or fewer employees and up to $500,000 in annual revenue; and have not received funding under the federal CARES Act.
  • Businesses may apply at: https://development.ohio.gov/bs/bs_mmegp.htm

2) Ohio PPE Retooling and Reshoring Grant Program:

 3) Appalachian Growth Capital Loan Program

  • $10 million in loan funds for Appalachia-based companies.
  • Businesses with less than $40 million in revenue are eligible
  • Loans of up to $500,000 will be offered at 2% interest
  • More information and applications are available at: appcap.org
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