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
In line with this mission, the NIH has recently constituted the Small Business Innovation Research Phase IIB Bridge Awards to Accelerate the Development of Cancer Therapeutics, Imaging Technologies, Interventional Devices, Diagnostics, and Prognostics Toward Commercialization Program.
Did you know that it is possible for you to receive free or low cost consulting for your small business? If it sounds too good to be true, rest assured it is actually possible. Not only does it make sense economically, but you would be receiving advice from professionals who have extensive business experience.