Learn More about CDFI's and Small Business Resources in Ohio see here
While the federal government does not provide grants for starting or growing small businesses, one of the mechanisms in place to promote small business growth and economic development is the Community Development Financial Institution Fund managed by the US Department of the Treasury.
Community Development Financial Institutions fall into four categories:
AHC Community Development, LLC
Appalachian Development Federal Credit Union
ASB Community Development Corp
Cincinnati Development Fund
Cincinnati New Markets Fund, LLC
Columbus Compact Corporation
Columbus Growth Fund, Inc., The
Enterprise Development Corporation
Finance Fund Capital Corporation
National City New Market Fund, Inc.
Neighborhood Capital Corporation
Northeast Ohio Development Fund, LLC
Ohio Capital Finance Corporation
Shorebank Enterprise Group
University Circle New Markets, Inc.
Uptown Consortium, Inc.
Village Capital Corporation
The government has launched innumerable programs that are all geared towards the achievement of this goal. Some of these programs involve the provision of technical assistance, training sessions, and strategies that would potentially help business owners in marketing their products and in expanding their businesses.
The The Minority Business Development Agency has recently constituted the Minority Business Enterprise Centers (MBEC) Program wherein it aims to support minority-owned businesses by providing them with electronic and one-on-one business development services for a reasonably nominal fee.