Explore Which Grant Opportunities Are Right For Your Business

Why Apply For A Grant?

Grants are non-repayable funds disbursed or gifted by one party, often a government entity, foundation or trust, to a recipient, who is often (but not always) a nonprofit entity, educational institution, business or an individual. Typically, grants help fund ideas and projects that expand and grow small businesses, provide a valuable public service, or stimulate the economy. Although most small businesses finance their operations via more traditional methods, applying for (and being awarded) a grant can mean the difference between failure and success.

In 2017, two manufacturers in Holmes County received IMAGE Grant funds for domestic trade shows. Additionally, three forest products companies in southern Ohio utilized the SAOCDF (Tobacco) Grant funds to purchase new equipment for their facilities, adding 14 jobs cumulatively. To join the growing list of Ohio wood products companies reaping the rewards that grant funding can provide, please email us at [email protected] or contact Kelly O’Bryant, Business Development Specialist at The Ohio State University South Centers.

  • Summit Funding Group

The opportunities below represent grants available to businesses and individuals in our region. For a comprehensive list of nationwide grant opportunities.

SBA

SBA to Provide Disaster Assistance Loans for Small Businesses Impacted by Coronavirus (COVID-19)

Release Date: Thursday, March 12, 2020
Release Number: 20-24
Contact:
(202) 205-7036

WASHINGTON – SBA Administrator Jovita Carranza issued the following statement today in response to the President’s address to the nation:

“The President took bold, decisive action to make our 30 million small businesses more resilient to Coronavirus-related economic disruptions. Small businesses are vital economic engines in every community and state, and they have helped make our economy the strongest in the world. Our Agency will work directly with state Governors to provide targeted, low-interest disaster recovery loans to small businesses that have been severely impacted by the situation. Additionally, the SBA continues to assist small businesses with counseling and navigating their own preparedness plans through our network of 68 District Offices and numerous Resource Partners located around the country. The SBA will continue to provide every small business with the most effective and customer-focused response possible during these times of uncertainty.”

SBA’s Economic Injury Disaster Loans offer up to $2 million in assistance for a small business. These loans can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing.

Process for Accessing SBA’s Coronavirus (COVID-19) Disaster Relief Lending

  • The U.S. Small Business Administration is offering designated states and territories low-interest federal disaster loans for working capital to small businesses suffering substantial economic injury as a result of the Coronavirus (COVID-19). Upon a request received from a state’s or territory’s Governor, SBA will issue under its own authority, as provided by the Coronavirus Preparedness and Response Supplemental Appropriations Act that was recently signed by the President, an Economic Injury Disaster Loan declaration.

  • Any such Economic Injury Disaster Loan assistance declaration issued by the SBA makes loans available to small businesses and private, non-profit organizations in designated areas of a state or territory to help alleviate economic injury caused by the Coronavirus (COVID-19).

  • SBA’s Office of Disaster Assistance will coordinate with the state’s or territory’s Governor to submit the request for Economic Injury Disaster Loan assistance.

  • Once a declaration is made for designated areas within a state, the information on the application process for Economic Injury Disaster Loan assistance will be made available to all affected communities.

  • These loans may be used to pay fixed debts, payroll, accounts payable and other bills that can’t be paid because of the disaster’s impact. The interest rate is 3.75% for small businesses without credit available elsewhere; businesses with credit available elsewhere are not eligible. The interest rate for non-profits is 2.75%.

  • SBA offers loans with long-term repayments in order to keep payments affordable, up to a maximum of 30 years. Terms are determined on a case-by-case basis, based upon each borrower’s ability to repay.

  • SBA’s Economic Injury Disaster Loans are just one piece of the expanded focus of the federal government’s coordinated response, and the SBA is strongly committed to providing the most effective and customer-focused response possible.

For additional information, please contact the SBA disaster assistance customer service center.

Call 1-800-659-2955 (TTY: 1-800-877-8339)

or e-mail:

[email protected]

About the U.S. Small Business Administration

The U.S. Small Business Administration helps power the American dream of business ownership. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow or expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov.

SBA

Image Grant

Ohio International Market Access Grant For Exporters (Image) Grant

The IMAGE program funded through the State Trade Expansion Program (STEP) is designed to increase exports and create jobs. STEP is funded through the Small Business Administration’s (SBA) Office of International Trade, which provides guidance on the IMAGE grant that offers financial assistance for small businesses to promote their products and services in international markets. The grant will provide a 50 percent reimbursement up to $10,000 per fiscal year for qualifying activities.

Ohio International Market Access Grant for Exporters (IMAGE) supported by the Small
Business Administration (SBA) through the State Trade Expansion Program (STEP)
Timeline: Application through Reimbursement
Grant Year: 09/30/2019 – 9/29/2020

USDA

Business & Industry Guaranteed Loan Program

Rural Business Development Grant  (RBDG) - This program is a competitive grant designed to support targeted technical assistance, training and other activities leading to the development or expansion of small and emerging private businesses in rural areas which will employ 50 or fewer new employees and has less than $1 million in gross revenue. This program could possibly be used to complete feasibilities studies for specific locations within Southern Ohio.

Contact Cindy Musshel : 614-255-2427 | [email protected]

USDA

USDA Rural Energy for America Program (REAP)

Rural Energy for America Program (REAP) - Deadline : October 31, 2019 and April 1, 2020

Rural Energy for America Program (REAP) – This program is designed to assist small, rural, for-profit businesses or agricultural producers install renewable energy systems or make energy efficiency improvements to their operations. The assistance is in the form of a grant of up to 25% of the eligible project costs and/or a loan guarantee of up to 75% of the eligible project costs. The maximum grant is $500,000 while the maximum loan guarantee is up to $25,000,000.  The grant is highly competitive and not every project will receive the grant funding which has been requested.

Business Program Specialist : Randy Monhemius | 614.255.2424 | [email protected]

Business Program Specialist : Jennifer Brown | 614.255.2423 | [email protected]

USDA

USDA Rual Development -Business & Industry (B&I) Loan Guarantee Program

Business & Industry Guaranteed Loan Program

Business & Industry (B&I) Loan Guarantee Program-  This program is designed to assist rural businesses obtain the financing necessary for the purchase of real estate & real estate improvements; purchase of machinery & equipment; provide for debt refinancing; provide for term working capital and provide for business acquisitions.  The assistance provided is in the form of a loan guarantee to a bank which provides the loan to a business. Through the guarantee the bank has a substantial reduction of risk and can provide better rates and terms as a result of the reduced risk.

Business Program Specialist : Randy Monhemius | 614.255.2424 | [email protected]

Ohio Bureau of Workers' Compensation

Safety Grant

Ohio Bureau of Workers' Compensation Safety Grant

The program is available to any Ohio state-fund or public employer who wishes to purchase equipment to substantially reduce or eliminate injuries and illnesses associated with a particular task or operation. The program is designed to work and partner with Ohio employers to establish safety intervention best practices for accident and injury prevention.

OSU

Fluor B&W Opportunity Fund

Fluor B&W Opportunity Fund

Contact Kelly O’Bryant Business Development Specialist at The Ohio State University South Centers for more information

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