5 Small Business Grants in Ohio

Small Business Grants in Ohio

Ohio, the Buckeye State, is one of the most commercially favorable states in the US. Ohio has over 950,000 small businesses, making up approximately 99.6% of all businesses in the state.

Nearly 24,790 businesses in Ohio are in the Professional Technical and Scientific Services sector, around 14,080 belong to the Administrative and Public Support sector, and more than 28,760 are non-categorized.

There are several state- and federal-funded grants for small businesses in Ohio to promote commercial growth. This article will look at some of Ohio’s most popular and prominent small business grants.

Best Small Business Grants in Ohio

Small business grants are financial assistance from local businesses, usually those with less than 100 employees. They are financial aid, and the recipient does not need to repay the amount. They are usually meant to support the growth and development of local businesses.

The grant can be used for different purposes, such as starting a new business or funding research and development for new products or technologies.

Here are the top small business grants in Ohio:

Top Small Business Grants in Ohio

1 – Food Supply Chain Guaranteed Loan Program

It is part of USDA’s Build Back Better initiative to create a strong food supply chain system. This program offers up to $40 million in loans to qualified lenders in the food supply chain business.

The primary objective of the Food Supply Chain Guaranteed Loan Program is to strengthen the food system. It supports new investments in Food manufacturing, processing, transportation, wholesaling, etc.

To learn more about the Food Supply Chain Guaranteed Loan Program, you can check the official website.

2 – Ohio SBDC (Small Business Development Center) Export Assistance Grants

The Ohio SBDC provides Export Assistance Grants to small businesses. It is aimed at helping small businesses extend their reach in the market through international exporting. The grant amount can be used for various purposes.

For instance, eligible small business owners can use the SBDC grant money to cover different export expenses, such as getting international certifications, participating in trade seminars, and doing market research.

The Export Assistance Grant from Ohio SBDC helps small businesses manage the financial obstacles associated with exporting and enhance their presence in the global trade market.

To find more details about the Ohio SBDC Export Assistance Grant, you can check out the official website.

3 – Ohio Third Frontier Program

Ohio Third Frontier programs are initiatives to support technology-based economic development. Under this initiative, different types of grants are offered.

For instance, the TVSF (Technology Validation and Start-Up Fund) provides financial assistance to state research organizations and start-up companies. It mainly aims to validate and commercialize new technologies so that they can be marketed to consumers.

The ESP (Entrepreneurial Services Provider) program provides financial grants to support entrepreneurial service providers that work with technology-centered start-ups and small businesses. The grant money can be used for business development, accessing capital and mentoring.

4 – Fearless Strivers Grant

The Fearless Strivers Grant is a private financial grant aimed at small business digitalization and development. The Fearless Fund’s Strivers Grant Contest provides grants to women of color entrepreneurs.

It also offers one-on-one mentorships to boost business development. This grant mainly supports women-owned and minority-owned small businesses in Ohio.

You can find more details about the Fearless Strivers Grant in Ohio by clicking on this official website at https://www.fearless.fund/strivers-grant-contest.

5 – Restaurant Disaster Relief Fund

The Restaurant Disaster Relief Fund by Hello Alice and DoorDash offers financial support to restaurants. It offers around $10,000 in grant amount to help restaurateurs recover from natural disasters by offering financial support.

This initiative was formed through a partnership between Hello Alice and DoorDash to support restaurants affected by natural events, such as floods, fires, and hurricanes.

To learn more about the Restaurant Disaster Relief Fund in Ohio, you can check out the official link here https://helloalice.com/grants/doordash/.

Conclusion

Here are the five best small business grants in Ohio. These financial grants support establishing, developing, and growing small business enterprises. There are different eligibility criteria to qualify for these grants. So check the official links and learn the specific application and eligibility process for the grant.

Grants for Medical