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The Ohio Micro-business Development Program is a grant from the Ohio Department of Development (administered by the Ohio CDC Association) that funds nonprofit organizations providing training, technical assistance, and Individual Development Accounts (IDAs) to microbusiness entrepreneurs across Ohio. Eligible applicants are OCDCA nonprofit members that deliver microbusiness development programs to low- and moderate-income households.
Awards average approximately $34,000, with a maximum of $45,000 per organization. The program is funded through the Ohio Housing Trust Fund and supported by the U.S. Bank Foundation for IDA components. It aims to increase access to capital, create and retain private-sector jobs, and support entrepreneurs who lack access to traditional banking.
Services provided through this funding include business training, technical assistance, and matched savings accounts for business development.
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Ohio Microbusiness Development Program - Ohio CDC Association Training and Technical Assistance Ohio Microbusiness Development Program Savings and Match Programs Fill Out the Membership Survey Membership Information and Benefits Why Community Development Matters What is Community Development? What are Community Development Corporations?
Board of Trustees Interest Form Training and Technical Assistance Ohio Microbusiness Development Program Savings and Match Programs Fill Out the Membership Survey Membership Information and Benefits Why Community Development Matters What is Community Development? What are Community Development Corporations?
Board of Trustees Interest Form Ohio Microbusiness Development Program There are almost 28 million small businesses in the U.S. and over 22 million are microbusinesses defined as enterprises with fewer than five employees, including the owner. These businesses are sources of local and personal pride in their communities.
The U.S. Small Business Administration found that since 1995, 2 out of every 3 new jobs created have come from small businesses. They are indeed the backbone of the economy, but many entrepreneurs lack access to traditional banking resources.
The Ohio Microbusiness Development Program provides funding for OCDCA nonprofit members that offer microbusiness development programs to further develop a local delivery system for training and technical assistance to entrepreneurs.
Funded by the Ohio Department of Development, the program encourages microbusiness development, provides low- and moderate-income households with access to capital for business development and self-employment, and creates and retains long-term jobs in the private sector.
The assistance enabled by this funding can be in the form of training, technical assistance, or direct assistance to the business in the form of an Individual Development Account (IDA).
Households assisted: 2,513 Enrolled in training: 2,303 Completed training: 1,985 Businesses assisted: 1,726 Jobs created/retained: 526 LMI individuals served: 524 Funding for the Ohio Microbusiness Development Program comes from the Ohio Housing Trust Fund (OHTF) through the Ohio Department of Development (ODOD). Funding for the Individual Development Accounts comes from the U.S. Bank Foundation .
List of Current Partner Sites Service Area: Appalachia Ohio (32 counties) Adams Brown Community Action Partnership Service Area: Adams and Brown counties African Community Economic Development of New England (ACEDONE) Service Area: Franklin County Service Area: Greater Cleveland Columbus Empowerment Service Area: Franklin, Delaware, Licking, Fairfield, Pickaway, Madison, and Union counties Community Action Committee of Pike County Service Area: Pike County Service Area: Montgomery, Prebble, Greene, and Clark counties Economic and Community Development Institute (ECDI) Greater Cincinnati Microenterprise Initiative (GCMI) Service Area: Cincinnati and Hamilton County Intentional Development Group Service Area: Youngstown and Warren Metros Metro West Community Development Organization Service Area: Clark-Fulton, Brooklyn Centre, and Stockyards neighborhoods of Cleveland Northeast Ohio Hispanic Center for Economic Development Service Area: Greater Cleveland Service Area: South, North Linden, and Milo-Grogan neighborhoods of Columbus Southern Perry Incubation Center (SPICE) Service Area: Perry County Supports to Encourage Low-Income Families (SELF) Service Area: Butler County Service Area: Akron and Summit County West Ohio Community Action Partnership Service Area: Allen, Auglaize, and Mercer counties Sponsored by US Bank and First Financial 100 East Broad St, Suite 2350 | Columbus, OH 43215 Phone: (614)-461-6392 | [email protected] | sitemap
According to the current listing, eligibility includes: Nonprofit 501(c)(3) organizations that provide business training, financial education, technical assistance, and support for startups and expansion to micro-businesses (five or fewer employees, including the owner) in l…. Confirm the full requirements in the official notice before applying.
The current listing shows up to $45,000 per organization (average awards closer to $34,000). Verify award ceilings, matching requirements, and allowable costs in the official notice.
Ohio Micro-business Development Program is funded by Ohio Department of Development (administered by the Ohio CDC Association). Verify program details on the funder's official page before applying.
This opportunity targets applicants in Ohio. If your organization operates elsewhere, check the official notice for location requirements.
Applications go through the funder's official portal — the Apply Now link on this page goes there directly.
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