Top Small Business Grants in Ohio
Share this article:
Grants for Small Businesses in Ohio
International Market Access Grant for Exporters (IMAGE)
Program description: The IMAGE program can help you export your goods or services from the Buckeye State to foreign markets. Incentive: Eligible businesses can receive up to $10,000 in reimbursements for eligible business expenses, including translations of company marketing materials and international trade show participation costs. General requirements: Here are some of the general requirements for this grant: Be an Ohio small business owner Manufacture, assemble, and distribute a product or provide an exportable service Have a strategic plan for exporting Have a product or service consisting of at least 51% U.S. content Have at least 12 months of operational experience Be in good standing with all Ohio state regulatory agencies Not be debarred from doing business with the federal government Attest that you will not enter knowingly into any transactions with a person in the Excluded Parties List System How to apply: You can apply for IMAGE and export training grants on Ohio’s Department of Development application portal.
Safety Intervention Grant (SIG) Program
Program description: The SIG Program provides matching grants to eligible employers who buy workplace equipment to substantially reduce or eliminate injuries and illnesses associated with a particular task or operation. Incentive: Receive up to $40K in matching funds comprising $3 for every $1 you contribute toward making your workplace safer. General requirements: Here are some of the general requirements for this grant: Be a private, state-fund employer or a public employer taxing district covered by Ohio’s State Insurance Fund Maintain active coverage Complete sufficient payroll or true-up reporting as required Be current on all monies owed to the Ohio Bureau of Workers’ Compensation (BWC) Demonstrate a need for safety intervention Provide one-year baseline data How to apply: You can apply for SIG funding through the BWC online grant management portal.
Trench Safety Grant (TSG) Program
Program description: The TSG program provides matching grants to eligible employers who buy qualified items that substantially reduce or eliminate injuries associated with trenching operations. Incentive: Receive up to $12K in matching funds comprising $4 for every $1 you contribute toward making your trenching operations safer. General requirements: Here are some of the general requirements for this grant: Employ workers who perform excavations or who work in trenches Have active Ohio workers’ compensation coverage and maintain continuous active coverage while participating in the program Be current on all monies owed to BWC Have at least 12 months of operational experience Have reported payroll for at least one full policy year Demonstrate a need for trench safety intervention How to apply: Access the TSG funding application online and submit your completed application to BWC via email.
Drug-Free Safety Program (DFSP) Grants
Program description: DFSP grants can offset some of the costs of fostering a drug-free workplace in compliance with Ohio’s Drug-Free Safety Program. Incentive: Be reimbursed for some of the costs involved in developing a written DFSP policy in conjunction with legal review, educating employees on the misuse of alcohol and other drugs, and offering relevant supervisor training. General requirements: Here are some of the general requirements for this grant: Have active Ohio workers’ compensation coverage and maintain continuous active coverage while participating in the program Be current on all monies owed to BWC Have reported payroll for at least one full policy year Participate in BWC’s DFSP How to apply: Access the DFSP grant application online and mail your completed application to the BWC.
Toledo Facade Improvement Grant Program
Program description: The City of Toledo typically offers Facade Improvement Grant funding to eligible property owners who enhance the facade of a building used for commercial, industrial, or mixed-use purposes. Incentive: Be reimbursed between $10,000 to $40,000 for implementing a comprehensive facade improvement project that enhances an eligible building in the City of Toledo. General requirements: Here are some of the general requirements for this grant if you’re a small business owner: Own eligible property in the City of Toledo used for commercial, industrial, or mixed-use purposes Be in good standing with local, state, and federal government agencies Propose a comprehensive facade improvement project to an eligible building Comply with Toledo’s zoning and building codes The following businesses are not eligible for this grant: Liquor stores Tobacco stores Pawn shops Payday loan businesses Weapons dealers Adult entertainment firms Franchise or chain businesses How to apply: Anyone interested in Toledo’s Facade Improvement Grant Program can apply when the program reopens. In the interim, you can submit your interest for updates pending the reopening of the program.
Who Provides Small Business Grants in Ohio?
Arizona small business grants California small business grants Colorado small business grants Florida small business grants Georgia small business grants Illinois small business grants Indiana small business grants Maryland small business grants Michigan small business grants NC small business grants New York small business grants NJ small business grants Pennsylvania small business grants Texas small business grants Wisconsin small business grants
Do You Have to Pay Back a Small Business Grant?
Who Is Eligible for Small Business Grants in Ohio?
What Industries Does Ohio Support With Grants?
Advanced manufacturing Aerospace Construction Dairy product manufacturing Landscaping services Nursing and residential care facilities Packaging and labeling services Retail trade (store and nonstore retailers)
Ohio Resources for SMB Owners Looking for Funding
Ohio Small Business Development Center (SBDC)
Cash flow analysis Export assistance Market feasibility and research One-on-one business counseling at no cost Workshops and training programs
SBA District Offices in Ohio
SBA Cleveland District Office. This SBA district serves 28 urban and rural counties in northern Ohio. It’s based in Cleveland. SBA Columbus District Office. This SBA district serves 60 counties in southern Ohio. Depending on where you’re based, you can contact the main office in Columbus, satellite office in Cincinnati, or the virtual office in Dayton.
Alternative Funding Sources for Small Businesses in Ohio
Ohio State Small Business Credit Initiative (SSBCI)
Ohio Venture Fund — $75 million. This program will help eligible growth-stage technology companies access venture capital. Community Development Financial Institutions (CDFI) Loan Participation Program — $45.7 million. This program uses SSBCI funds alongside private funds to support loans to Ohio entrepreneurs who need financing for working capital, research and development, real estate transactions, or other eligible purposes. Ohio Early Stage Focus Fund — $36.7 million. This program will help eligible early-stage technology companies access venture capital, including minority woman-owned small businesses in the Buckeye State. Collateral Enhancement Program — $24.9 million. This program provides cash collateral to help Ohio small businesses qualify for small business loans.
Ohio Microloan Lenders
Ohio SMB Loans from Private Lenders
Commercial real estate loans Equipment financing Small business loans for startups Working capital lines of credit
Find Small Business Financing With Lantern
Frequently Asked Questions
About the Author
Share this article: