Black, Latino, LGBTQ, Asian, Veteran, and Women owned businesses in Ohio can find free grant programs as well as low cost loans to help them finance their business (or start up). There are a number of lenders, government programs, and sources of funding listed below, some of which may cover your city or region. There are loans, grants, mentoring programs and more in Cleveland, Columbus, Cincinnati, and other Ohio cities that allocate funds to women and/or minority companies.
The money can cover various business expenses, including payroll, sales, rent, website or technology costs, marketing and more. Each lender (or grantor) will have their own terms and conditions in place as well as application process for a free MWBE or BIPOC grant or loan. But each of the programs listed below (which are updated daily) have agreed to provide some of their funds to minority owned as well as women owned companies.
Not only may a small business in Ohio get the funds they need to grow (or save) their business, but there are also programs that help minority or women entrepreneurs, grants for Black women, as well as money for startup businesses. The assistance can come from a bank, foundation, government agency, non-profit, corporation or other lenders.
Find small business loans or free grants in Ohio for women or minority companies
The funds and programs below are updated daily and by month. As noted, some of the low cost loans or grants are allocated to veterans, LGBTQ, Black businesses, Asians, Latinos and women owned businesses.
Year round free business coaching and loan/grant resources
Find year-round assistance programs (free grants, coaching, mentoring, etc.) for women owned, minority, veteran, immigrant as well as disabled businesses in Ohio below, by city or region. They are offered year round. Also scroll down the page for monthly resources.
Statewide free grants and business help for women, veterans and minorities
African American Community Fund (AACF) provides free grants to Black-owned businesses in Ohio, with a focus on Appalachian Ohio’s 32 counties. The funds are a partnership with The Dayton Foundation and the Foundation for Appalachian Ohio. A major focus is in funding non-profits, organizations with a social or economic cause, and agencies that help the African American community thrive. Learn more here. https://www.aacfdayton.org/
ECDI is a microlender that focuses on offering low cost loans as well as other support. A focus is on giving financing to veteran, immigrant, minorities, refugees, women, and LGBTQ owned businesses. They also give veterans in Ohio support, offer loans for construction projects, rural loans and so much more. Advice, coaching, marketing help and other services are also offered by ECDI in Ohio. Read more. https://www.ecdi.org/
0% interest rate microloans are offered statewide. Qualified small businesses can borrow from 10 to 40K, at 0% APR, for their businesses. The repayment rate is 1 to 3 years, and most of the free government money is for certified women and/or minority owned businesses in Ohio. Find financial help can be used to pay bills, debt, working capital, and other expenses. Apply here. https://development.ohio.gov/business/minority-business/ohio-micro-loan-program
Freedom Equity is a CDFI ( Community Development Financial Institutions Fund) that offer financial assistance and coaching to disadvantaged businesses as well as people with low credit or a low -income. There are low-interest or interest free microloans, free coaching, business development workshops and other services. Read about the non-profit here. https://freedomequity.org/
Ohio Ecological Food and Farm Association, also known as OEFFA, can help Ohio farmers access Capital, as they are a Kiva Trustee. There is financial aid and help from farmers who are in the organic/all natural industry. Microloans of up to $15,000 may be issued from the crowdfunding platform, and there is a zero percent interest rate. Read about the non-profit here. https://www.oeffa.org/
Ohio Women’s Business Coalition is made up of female business owners, leaders, politicians, and community leaders. The organization has a goal of helping female business owners start or grow a business, including helping with venturing funding, capital raises and more. They also accept members to join. Find details here. https://ohiowomenscoalition.org/
Regional Minority Business Assistance Centers are located across the state. They are part of the state of Ohio business development department. They help with certification, accounting or tax filing needs, provide information on loans and free grants and many other services. They also operate VBE centers (for veterans) and women focused centers. A wide range of start up and ongoing business support programs are offered. Read more and apply here for free consultations. https://development.ohio.gov/business/minority-business/minority-business-assistance-centers
Rural Action of Appalachian Ohio serves the farming, agriculture and rural community in Ohio. They offer 0% interest free loans from Kiva crowdfunding. There is mentoring, financing and more for businesses, including minority owned, that focus on zero waste, sustainable agriculture, sustainable forestry, environmental education, watershed restoration, and ecotourism. Learn more here. https://ruralaction.org/
Women’s Business Centers of Ohio has multiple sites in the state, including Cincinnati., Cleveland, and Columbus. WBC of Ohio offers free services to women owned businesses or females looking to start a business. Black women businesses can get free grants as well as other women, regardless of race. There are free computer labs, training programs, networking, information on loans, mentoring and coaching from volunteer female business owners (including Black and Brown) and more. Find details on the centers and their assistance programs. https://www.wbcohio.org/
The state of Ohio is offering loans to MWBE and minority businesses. The two financial assistance programs vary, but both can offer either (1) low cost loans or (2) interest free funds to qualified borrowers. Options include Women’s Business Enterprise Loan Program, which is focused on MWBE owned companies. the second option is the Ohio Micro-Enterprise Loan Program. They can pay for equipment, real estate costs, and other bills. More details here. https://development.ohio.gov/minorityservices.htm
A state of Ohio based lender offers the Huntington Lift Local Business program. Millions of dollars are being allocated to help veteran, women, and minority owned businesses. The lender is also working with the SBA to facilitate funds to those disadvantaged businesses. The Huntington Bank will be offering lower credit score requirements, zero origination fees and flexible, longer repayment options as part of their loans. Find more details on the lender. https://www.huntington.com/
Cincinnati area free business grants, free loans and coaching programs
ArtsWave provides grant every year, including a Black and Brown Artist Program for businesses or sole-proprietors in the Hamilton County / Cincinnati area. There are funds for art focused businesses or individuals, such as studios, writers and others in the community. Find details on ArtsWave financial assistance programs. https://www.artswave.org/apply-for-funding
Cincinnati Regional Chamber’s of Commerce helps minorities, LGTBQ+, women and owners with bad credit. They operate a Minority Business Accelerator, which helps people of color, the low-income, poor and others get the support they need. There is free loans, consolations, mentoring and other support. Get details here. https://www.cincinnatichamber.com/membership/your-partner/minority-business-accelerator-your-partner
Cincinnati Ohio entrepreneurs can turn to the non-profit MORTAR. They offer a training program that helps entrepreneurs learn the ins and outs of starting a business, creating business plans, raising capital and more. They help low income, underprivilege communities in the city with a focus on minorities. Ongoing support is giving to, including information on free government grants, low cost loans, mentoring and more. Continue reading. https://wearemortar.com/
Cincinnati Minority Business Assistance Center works in partnership with the Northern Kentucky as well as Greater Cincinnati African American Chamber of Commerce to help people launch a business or get capital for an existing MWBE. They provide advice, supporting, mentoring, access to 0% APR interest microloans from Kiva and other support in 17 counties across all of southern Ohio. The Center also offers Entrepreneurial program, Strategic Growth plans, help with financial statements and more. Learn more on the non-profit. https://mbaccincy.com/
Findlay Kitchen is a non-profit incubator for food service businesses, such as restaurants, bars, pubs, coffee shops and the like. A major focus is on help businesses owned by people of color, immigrants and women (BIPOC) in Cincinnati Ohio. The non-profit provides information on raising money (from loans or grants), business start-up help, advice and more. Learn about Findlay Kitchen here. https://findlaykitchen.org/
Greater Cincinnati Microenterprise Initiative, Inc., or GCMI, is a partnership of non-profits (like the United Way), banks, corporations and charities that work together to help small businesses. There are training classes, classes on raising money from loans or grants, mentoring, and free workshops in classes. A multi-faceted groups with a focus on veteran, women, and minority owned businesses. Find details here. http://www.gcmi.org/index.php
Represent Cincy helps Black and minority-owned businesses in the city. the non-profit helps them find locations for a store, manufacturing facility, or physical real estate. Staff also help minorities find and apply for grants, loans for their real estate needs and other financial assistance. The goal is to both attract and retain Black owned businesses to Cincinnati. Learn more here. https://www.representcincy.org/
Urban League of Greater Southwest Ohio offers a number of business programs and assistance programs. There are micro-grants, small business development centers, youth apprenticeship programs, and much more. The national, and regional non-profit, helps hundreds of entrepreneurs and small businesses, whether Black or Latino or immigrant or someone else. The Urban League also runs the Cincinnati Economic Empowerment Center (EEC). Learn more on all these services here. https://www.cincinnatieec.com/
Cleveland/Akron/Youngstown region and nearby county programs for MWBE and BIPOC businesses
Akron Ohio Rubber City Match is a free grant and/or low cost loan program for small businesses that will help develop the downtown area, and that will reclaim vacant building. A major focus is on redeveloping this region of the city, with priority to MWBE businesses/enterprises. There are two “tracks”/components to this financial assistance program. Learn more here. https://www.rubbercitymatch.com/
Cleveland Foundation and the Cleveland Black Futures Fund cover the counties of Cuyahoga, Lake and Geauga. They give grants to non-profits, educational programs, small businesses and creative people in the region. A focus is on diversity, economic growth and development as well as similar activities. Find details here. https://www.clevelandfoundation.org/
Cuyahoga Small Business Resource Center will be a source of financial assistance and referrals. There will be information on free government grants as well as interest free, forgivable loans. The center also works with non-profits, corporations and others in the county to support small, women, veteran, and minority owned businesses. Learn more here. https://www.cuyahogacounty.us/covid19/small-business-resources#financial
Erie County Minority Business Empowerment Team helps BIPOC and Blacks, women, Latinos and Asians owned small businesses as well as BIPOC. The agency can be a place to learn about grants as well as mentoring from successful business owners. Networking, workshops, and other tools are offered. Learn more. https://www.facebook.com/MBETSandusky.
Franklin County and Columbus Ohio has several free business development and assistance programs. They help is offered by both non-profits as well as charities – local and national. Some of the examples are New Horizons Computer Learning Center of Columbus OH (call (614) 798-1000) and Ohio Small Business Development Center (dial (614) 287-5294).
Inclusion Marketplace focuses on NE Ohio, including Cleveland and Cuyahoga County and nearby counties. The service, known as COMPASS, directs small business owners, including minorities and low-income ones, to free or low cost assistance programs. Loans, credit union services, Angel Tree investors in OH and much more is offered. Learn more here. https://inclusionmarketplace.com/neobusinessgrowthcompass#!
All of NE Ohio is supported by Jumpstart. The non-profit has free programs such as the 12 week “Impact” workshops. There is mentoring, business plan development, resources for start-ups and more. They also partner with corporations in Ohio and even the Cleveland Browns football team, with many programs (including financial) focused on women, minority, and/or veteran businesses. Read about Jumpstart here. https://www.jumpstartinc.org/
Lorain County businesses (both private as well as non-profits) can apply to grants and other support from the Community Foundation. The funds, guidance, and other support is focused on organizations with a social cause, such as addressing income inequality, diversity, educational issues and the like. There is also a focus on veterans, LGTBQ+, women and minorities non-profits and small businesses as well. Find details on the foundation and the free grants here. https://www.peoplewhocare.org/grants-scholarships
Medina County Women’s Endowment Fund, which part of the Akron Community Foundation, will often provide annual grants to non-profits and maybe a small business that focuses on helping women and/or children. The Fund works to provide capital to non-profits and other groups that have a social cause. This can include artistic groups, agencies that help with personal growth and others that in fact focus on helping women in the community with employment needs, community service, health and other topics. Learn more on the Medina County Fund here. https://www.akroncf.org/grantmaking-initiatives/affiliate-funds/medina-county-womens-endowment-fund/
Stark County Minority Business Assistance Center, which is run by the local Association, provides a number of free services, including help in raising capital for MWBE businesses from free grant or low cost loans. They also offer workshops, coaching, help with government certification and many other programs. Find details here. http://www.starkminoritybusiness.org/mbac
Stark County Minority Businesses can get help from a local “association”. They offer directories to increase exposure/publicity, workshops, counseling, and grant programs among other resources. There is also a program known as “Seeds of Growth” which arranges loans and other forms of support. Learn more here about the Summit County non-profit. http://www.starkminoritybusiness.org/
Small businesses and entrepreneurs in Summit County and Akron Ohio can turn to the Bounce Innovation Hub for information on financial help, free counseling, grant applications and other support. A GROW program is for women and minority tech companies; co-working spaces; free expert counseling; information on low cost loans or grants for capital and more is offered. The name of the grants also go by the term RISE. Read more. https://bouncehub.org/
The Urban League of Cleveland is supporting local minority owned businesses. The programs are run by the Small Business Development Center (SBDC) as well as UBIZ Center. There are loans as well as financial help. Or get free professional consulting services, learn about additional small business capital, contract opportunities for sales, and other support services. There is also an Entrepreneurship Center on site. Get details here. https://ulcleveland.org/entrepreneurship-center/
Women’s Fund of the Richland County Foundation helps non-profits and businesses that are focused on helping other women and “girls”. They will often have grant programs, provide free mentoring or counseling, hold workshops and more. The funds help women owned organizations that address social causes, income equality, and other causes that are key to female development. Learn about the Mansfield Ohio based agency here. https://www.richlandcountyfoundation.org/community-impact/womens-fund
Valley Economic Development Partners is based in Youngstown OH. They help early state businesses and startups. They help with business certifications, access to loans, grants or capital, mentoring and other support. A wide range of assistance is offered. Learn about the non-profit here. https://www.valleyedp.com/
Youngstown Business Incubator, or YBI, is a regional business development program with a focus on businesses owned by people of color, women, veterans and immigrants among others. There are annual workshops, start-up classes, information on free grants or corporate loans and more. A major focus is to help technology, internet, and high tech-manufacturers or start ups. The goal is to help businesses start and grow in the Youngstown Ohio area. Learn more. https://ybi.org/
Columbus and Central Ohio
Central Ohio African American Chamber of Commerce is a resource for the black community in Columbus and throughout central Ohio. They assist with applications to capital or grants, including the chamber is involved in issuing Kiva loans at 0% interest rates. Staff also help small businesses enter new markets, find resources they need to start or grow, and so much more. Continue reading. https://www.coaacc.org/index.html
Columbus Women’s Small Business Accelerator, or WSBA, offers a number of assistance programs for women-owned businesses, including Latino, Black, Asian, and others. There is information and applications to free corporate or government grants, Angel investors, Power Circles Networking events, mentoring services and more. There are also entrepreneurship classes such as The inspired Entrepreneur as well as information on low cost, or interest free loans. Find details. https://www.wsbaohio.org/
Dayton Ohio businesses (or start-ups) can get help from an incubator program. Assistance is offered by The Greater West Dayton Incubator (GWDI), which focuses on Black, Latino, low income, and BIPOC businesses. They offer microloans as well as other support. Get legal help is starting a business, help with business plan creation, sales and marketing help, website development and so much more. Find details on the incubator program here. https://udayton.edu/business/experiential_learning/centers/crottycenter/strategic-initiatives/the-greater-west-dayton-incubator.php
Direct Community Investment Program is a small business loan program in Clark and Champaign Counties OH. The money is for female, minority, immigrant, or veteran business owners in the region. Financial assistance, in the form of interest free loans or grants, is offered by Bon Secours Mercy Health as well as the Ohio Small Business Development Center (SBDC). Other support is offered too, and apply here. http://springfieldsbdc.com/
Miami Valley Urban League has the Micro Grant Funds, free business or job training, credit counseling and other support. A major focus is on to help minority get the support they need, whether starting or growing a business or something else. There is also an entrepreneurship center, start up help, mentoring and other information on accessing capital. Get details here. https://www.ulgso.org/entrepreneurship-center
Springfield Ohio Community Navigator Program helps disadvantaged, minorities, and businesses in lower income parts of the city. The program helps them find and apply for financial assistance as well as help with marketing, business development, and other needs. The goal is to help economic and/or socially disadvantaged small businesses grow and expand. Read more here. http://springfieldsbdc.com/community-navigator-pilot-program/
September and October 2023
Valley Partners, a CDFI in the Liberty Township OH area, has a multiple year grant program that will help businesses pay for accounting and legal needs. A major focus of the CDFI is on disadvantages businesses, including minority owned or those with bad credit. Up to $10,000 is given per grant, and learn more on Valley Partners here. https://www.valleyedp.com/
August 2023
Lima Ohio has 2 loan programs. They are the Small Business Revolving Loan (microloans up to $5,000 per business) and the Small Business Facade Revolving Loan. There are funds for small businesses under 5 employees, with a focus on minority owned companies. The façade loan is for physical appearance of a business, and learn more on both here. https://www.cityhall.lima.oh.us/
April, May 2023 and June 2023
Dayton Resiliency Fund is a year long grant program run by the Urban League. Free grants ranging from 1 to 10K are issued. The financial assistance is for minority- and women-owned businesses in Dayton Ohio, and apply here. https://www.cincinnatieec.com/eec/the-resiliency-fund-dayton/
Toledo Business Growth Fund as well as the Economic and Community Development Institute is providing very low interest rate loans (maybe some businesses 0% loans) to manufacturing companies. Millions of dollars will be provided to help small businesses, including those owned by veterans and MWBE, to grow, create jobs and expand. Learn more on the Toledo OH Growth Fund. https://www.ecdi.org/toledo-fund
The Lima Ohio Historically Disadvantaged Microenterprise Loan is providing up to $5,000 forgivable loans to existing small businesses in the city. The business needs to have revenue and be operating for at least 6 months. Loans are for women or minority-owned, veteran-owned and those owned by a disabled person. Get details here. https://www.limaohio.com/top-stories/2023/04/19/lima-launches-small-business-loan-program/
February and March 2023
Minority, veterans, LGTBQ+ and women-owned Ohio small businesses can apply for financial help from two different programs. They include (1) Ohio Micro Loans as well as the Women’s Business Enterprise Loan Program. Up to $10 million dollars in total is available. Applications are processed by Ohio Department of Development, Minority Division. Find details here. https://development.ohio.gov/business/state-incentives
November 2022
Licking County Black owned businesses can apply for free $2500 grants from the Kinetic Business – Black Business Support Fund. There is financial help combined with one year of free internet service. The funds are for small, “for-profit” businesses with under 25 employees. The funds are also part of Windstream. Apply here. https://business.windstream.com/bbsf
City of Kettering’s Microenterprise Loan Program is for very small businesses/sole-proprietors in the city. The very low interest rate (or 0% loans) are offered from the the Economic Development Department and the Community Development Division of the Planning and Development Department. The focus is on small, growing businesses within the city limit, with women and other disadvantaged groups given priority as well. Apply here. https://www.ketteringoh.org/microenterprise/
September and October 2022
Dayton City is providing grants from the First Floor Fund (FFF). Forgivable loans, meaning they turn into grant money, will help businesses in the city that have storefronts. There may be funds for minority or veteran owned restaurants, retail stores, gyms or fitness centers, beauty salons and mothers. The loans/grants need to be used to pay for construction costs, store fronts, or projects around revitalizing the city. Read more here. https://citywidedev.com/resources/first-floor-fund/
Walter C. Potts Entrepreneur Center has $500 grants for minority as well as small businesses in Allen County/Lima. The goal of the program is to help small companies get access to capital. Applicants need to be at least 51% owned by a women or minority. There is also a goal to help grow innovate businesses, such as tech companies and manufacturers among others. Apply for the $500 grants here. https://limachamber.com/economic-development/waltercpotts/
August 2022
Cleveland/Cuyahoga County Small Business Stimulus Grant Program is available. Businesses with under 50 employees can apply for $50,000 grants, with a major focus on disadvantaged businesses (women, minority, veteran, LGTBQ, etc.) At most $50,000 will be provided, with the range of 10K to 50K per qualified business. The funds are part of the American Rescue Act/Plan. The government grants can pay for marketing, general business expenses, payroll, inventory and more. Apply here for the Cuyahoga County financial aid. https://cuyahogacounty.us/development/cuyahoga-county-small-business-stimulus-grant-program
July 2022
Black owned businesses in Cincinnati can apply for free grants from the Lincoln and Gilbert program. Up to $15,000 is provided. The goal of the program is to increase the number of black owned businesses in the Cincinnati area. The funds are offered in partnership with the African American Chamber of Commerce, Urban League, Lightship Capital and other companies as well as non-profits. Find details on the free grants, tiers and agencies here. https://www.lincolnandgilbert.com/tier-info
May and June 2022
Cuyahoga County and NDC are providing low cost, maybe interest free loans, to small businesses impacted by the COVID pandemic. The government is contributing hundreds of thousands of dollars to the program as well. In aggregate, up to $100,000 is being provided to small women, veteran, and/or minority owned businesses in the county. Apply here. https://ndconline.org/cilf-loan/
Cleveland Foundation has ongoing grants for minority owned businesses. The focus is on social, cultural businesses or non-profits, as well as those that battle income or racial inequality. There is also a focus on minority and black owned businesses that help with community development, health and youth services. Businesses in Cuyahoga, Lake and Geauga. Find details on the Cleveland Foundation grants. https://www.clevelandfoundation.org/grants/apply-for-a-grant/
United Way of Greater Cincinnati is providing free grants ($5K to $25K) to minority and Black owned businesses that have a social cause. Recipients can be for private businesses or non-profits that are working to address systemic racism in Cincinnati and/or Hamilton County. It can be around helping with poverty, underfunded small Black owned businesses, housing, employment or other barriers. More details are here. https://www.uwgc.org/your-impact/programs-initiatives/black-led-social-change/black-empowerment-works/black-empowerment-works-application
April 2022
$5,000 government grants are available from the Shelby County Ohio Small Business Relief Program. This is a financial assistance programs for businesses, including MWBE, veteran, and immigrant owned companies, that were impacted by the COVID pandemic. The program is one of last resort and it can’t be combined with other federal government, local, or state programs. The money can pay for salaries, mortgages, rent, and other operating costs. Apply here. https://co.shelby.oh.us/shelby-county-small-business-relief-program/
May and June 2022
Black owned businesses in Cincinnati can apply for free grants from the Lincoln & Gilbert fund. Qualified small and medium businesses can be given either $2500, $5,000 or $15,000. A major focus is on grants for Black women owned businesses in the Cincinnati Ohio area as well as other disadvantaged, even male owned. The amount of money will depend on the applicants revenue as well as other factors, but the free grants can also help Black owned businesses with poor credit scores. Apply here. https://www.lincolnandgilbert.com/
March and April 2022
The City of Columbus is offering free grants ranging from $5,000 to $20,000. The money will help businesses in low-income parts of the city, the disabled, underserved (such as veteran and MWBE). The business needs to be small or micro-sized and have been impacted by COVID. Find details on the Small Business Recovery Fund here. https://sbdccolumbus.com/columbus-franklin-county-recovery-grant/
The Sisters Accord Foundation is offer 5 businesses free grants of up to $10,000. The financial assistance is part of an accelerator program. The non-profit is based in Mason Ohio but covers the state and wider region. The program is known as the Sister Accord Accelerator and it also includes mentoring, coaching, and ongoing support. Find details on the foundation and accelerator program here. https://thesisteraccordfoundation.org/tsa-accelerator/
February and March 2022
Dayton Human Relations Council’s Minority Business Assistance Center (MBAC) is providing microgrants for “underserved” small businesses, which are more often women or minority, veteran owned, and people with bad or poor credit. MBAC is also partnering with First Financial Bancorp on the program as well as other companies. They also help with MWBE certifications, business plan development, referrals to grant programs and other support. Read more. https://development.ohio.gov/business/minority-business/minority-business-assistance-centers
October and November 2021
Columbus and Franklin County MWBE businesses with under 25 employees can apply for the Franklin County Community Equity Fund. Free government grants of either $5000 or $10,000 will be provided. They also help fund startups. The Urban League is partnering with the county on applications. A major focus is on helping Black and Brown businesses that were impacted by COVID. Apply here. https://www.cul.org/initiatives/franklin-county-community-equity-fund/
The Women’s Business Enterprise as well as the Ohio Micro-Enterprise Loan Program provides low cost loans. There are funds for small businesses, start ups, and others with some money allocated to MWBE companies. Micro-businesses can in fact apply for loans at 0% interest rate. The state of Ohio is providing the grant funding for this financial aid program. Learn more. https://development.ohio.gov/minorityservices.htm
September and October 2021
Women-owned businesses as well as minority owned micro-enterprises have access to several million dollars from a loan fund that is run by the Ohio Women’s Coalition. Each qualified business may be able to borrow tens of thousands of dollars. The goal is to help small businesses as well as sole-proprietors, venture capital companies, and well as start ups. Learn more. https://ohiowomenscoalition.org/
Columbus Ohio businesses, in particular Black and people of color, can apply for $5,000 microloans that have very low interest rates (or even 0%). The funds are even for business owners with no or poor credit histories. A major focus is on helping small businesses expand and hire people. The Urban League of Columbus is overseeing the program and taking applications for the loans. One program is known as the Minority Small Business Resiliency Initiative. Continue reading. https://www.cul.org/
Duke Energy and the City of Cincinnati are providing $5000 grants to small businesses that have been impacted by COVID. The Duke Energy Relief Funding program will give priority to women, veteran, and minority owned businesses. The funds can cover payroll expenses, mortgages or rent, legal aid, digital marketing, insurance and more. Apply here. https://www.cincinnatichamber.com/DukeFund
August 2021
Dayton Ohio Black owned businesses can participate in the Gem City Black Business Month. It is a month long event with workshops and seminars all across the city. Network, learn about grant and loan programs, build partnerships with other minority business owners, find revenue opportunities and so much more. Learn about this free event. https://www.ohiofrn.org/events/gem-city-black-business-month
May and June 2021
Cincinnati area minority, women and LGBTQ owned small businesses can apply for free grants from the Cincinnati Chamber Foundation as well as the Johnson Foundation. Anywhere from 5,000 to $10,000 will be paid out to qualified businesses. The applicant needs a business plan, references, need to be a small business, have sales and more. Most of the financial help is for service businesses (that are “customer facing”) and that have been hot hard by recent economic challenges. Apply here. https://www.cincinnatichamber.com/foundation-grant
March 2021
Columbus Ohio companies can apply to First Financial Bancorp. The bank is offering several grants of $2500 to Black, Indigenous, Latino and people of color (BIPOC) small businesses. The Columbus Urban League is partnering with the lender. All the grants are part of the Small Business Resiliency Initiative. The money is for Columbus metro area, including all counties around it. Learn more. https://share.hsforms.com/1KZE8VLQ6TEWNSTv-FrZebA4nxxw?fbclid=IwAR2EqDZcUnC6NlMppteljwSZzVqDj7rsWlwA43VAvWKuFhGhR0d4dZh-xLY
Sandusky Ohio minority owned and founded companies can apply for a free $2000 grant. The funds are provided from the Minority Business Empowerment Team. Dozens of businesses will be awarded the money, and the funds can be used to pay aby type of bill. Grants are run in partnership with local non-profits in Erie County Ohio including the Economy Development Corporation. Apply here. https://www.eriecountyedc.org/rise
December 2020
Minority owned businesses in the city of Cincinnati can apply to the J. Phillip Holloman Endowment Fund. It is run by the City Chamber of Commerce. Minority owned businesses (including Black, Latino, Native American, Asian, etc.) can get funds to help them grow their business. It is an accelerator program. Equity investments, loans, or grants may be issued and free advice as well as business help arranged. First Financial Bank is a partner. Learn more/Apply here. https://www.cincinnatichamber.com/
October and November 2020
Toledo and Lucas County is offering funds to help both (1) non-profits and (2) private, for profit businesses. Most of the funds will be allocated to minority as well as veteran or women owned businesses. The funds can be used to pay utilities, rent, housing, and other small business expenses. Black, Latino, women, LGBTQ, and other disadvantaged business are given priority. Funding is limited, but read more here. https://www.toledochamber.com/grant.html
$8 million dollars is being offered in Franklin County and the City of Columbus. CARES Act funding is flowing to the county, and money can help small businesses as well as start ups. Priority is for vulnerable small businesses that were hot by Coronavirus. Black owned businesses, Latino, women, Asian, and other minority companies are often given priority. This is a free grant program. Call (614) 257-6300 for applications.
August 2020
Columbus and Franklin County residents can get grants from the A Business Growth and Equity Alliance. About $1.6 million dollars will be allocated by the Urban League of Columbus Ohio to minority (Black, Asian, LAtion, etc.) as well as women owned businesses. In addition, free technical assistance is offered to help them grow their business, increase sales, and get the support they need. The Urban League is disbursing the free grants. Dial (614) 257-6300 or https://www.cul.org/
By Jon McNamara
