These past two months have been a very exciting time for OCDCA and its members.
In October, through the use of an impartial review committee, we awarded grants to thirteen members for their microbusiness programs through the Ohio Microbusiness Development Program. We had many great applications and were, unfortunately, unable to fund everyone.
The purpose of the Ohio Microbusiness Development Program is to provide funding for CDCs to further develop a local delivery system that 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.
Funding for this can be in the form of either training or technical assistance, or direct assistance to the business in the form of a loan, with loan funds repaid into a local microbusiness revolving loan fund. Funding for this program comes from Ohio Development Services Agency.
Vinton County Economic Development Board
Congrats to all of the selected organizations! For more information about the Ohio Microbusiness Development Program, please contact David Foust at firstname.lastname@example.org.
Last week, we also announced four recipients of a fundraising technical assistance opportunity through the consulting firm Cramer and Associates. Our many applicants completed a brief application. Recipients of this opportunity contribute $500 towards the $5,000 total cost per organization. We started this collaboration last year with two organizations and are very pleased to expand it to four more this year.
We look forward to hearing about the results of these TA engagements and seeing the honed capacity that is developed!