View our informational session recording here. PowerPoint slides available here. Still have questions? Attend our office hours on October 21st from 2pm-3pm. Join here. No presentation will be given.
Program Background
There are almost 28 million small businesses in the U.S. and over 22 million are microbusinesses defined as enterprises with fewer than five employees, including the owner. These businesses are sources of local and personal pride in their communities. The U.S. Small Business Administration found that since 1995, 2 out of every 3 new jobs created have come from small businesses. They are indeed the backbone of the economy, but many entrepreneurs lack access to traditional banking resources.
Program Information
The Ohio Microbusiness Development Program provides funding for OCDCA nonprofit members that offer microbusiness development programs to further develop a local delivery system for training and technical assistance to entrepreneurs. Funded by the Ohio Department of Development, the program encourages microbusiness development, provides low- and moderate-income households with access to capital for business development and self-employment, and creates and retains long-term jobs in the private sector. The assistance enabled by this funding can be in the form of training, technical assistance, or direct assistance to the business in the form of an Individual Development Account (IDA).
