Microbusiness FAQ

Q: We have had trouble completing all the information requested in the Microenterprise Census. Do we need to enter all the information in the Census for our application to be complete?

A: Please enter as much information as possible in the Microenterprise Census. Part of what the Ohio CDC Association will work with organizations to do over time is build the capacity to track all the information they need to run effective programs. However, we do expect that organizations will make a good faith effort to complete the Census and not just enter minimal information.

Q: Do we use the fund drawdown forms for reimbursement for activities that we have already completed, or do we submit drawdown forms for future activities?

A: Generally speaking, grantees will draw down funds for activities that have already been completed and documented, so organizations will either be reimbursed for their expenses or wait until they receive funds from the grant to issue payments.

Q: How are we able to use microbusiness grant funds as matching funds for IDA's (individual development accounts)?

A: Microbusiness program grant funds come entirely from the State of Ohio, so they may be used as non-federal match for administrative costs and for match funds given to participants at the participant's completion of the program, i.e., with successful savings goal reached. OCDCA federal IDA grant funds will be matched dollar for dollar with available funds from this program.

Q: Is there a cap on the size of loans we can make with funds from the microbusiness program?

A: No, there is no cap on the size of loans that organizations can make with microbusiness program grant funds. However, if loan size is too large, it will limit the amount of people who can be served by the program, because the maximum total amount of funds available to microbusinesse development organizations for loans through this program is only $20,000. Funds from this program should leverage funds from other sources.

Q: How do we determine if our board members meet the qualifications for LMI representation?

A: The low-to-moderate income threshold is eighty percent (80%) of area median income for a given organization, with "area" referring to the county or counties served by a given MDO. Board members can either be people with such a household income, or people who work for organizations who primarily serve this community. Examples would include community action agencies, most social service organizations, public hospitals, or any other public entity or non-profit organization that serves a population that greater than 50% LMI.

Q: Where can we find the area median income for our community?

A: To determine area median income and the cut-off for LMI, visit the HUD Income Limits website and click the appropriate year.

Q: If we do not receive grant funding, will our organization be able to debrief with Ohio CDC Association about how to improve our application the following year?

A: At the organization's request, the Ohio CDC Association will provide feedback about applications that did not meet the funding threshold.