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
To get approval for your small business loan application, you must be able to meet the lending criteria set down. Some organisations are more risk averse than others, and will therefore have more st...
The Small Business Administration has established the Historically Underutilized Business Zones (HUBZone) Empowerment Contracting Program wherein they aim to provide federal contracting assistance to eligible small business corporations which are located in underutilized business zones so as to improve their employment opportunities, investments, and their area's economic development.