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OH Dept. of Development- New projects Expected to Create 733 New Jobs

Ohio Department of Development Small Business Update
 
 
Highlights in this week's Small Business Update:
  • Tech startups, internship program get Ohio Third Frontier funding
  • Tourism Day will highlight Ohio’s attractions and destinations
  • A new TechCred program application round opens next week
  • Register early for Food Export Buyers Mission coming to Columbus
  • $2.2M in loans approved for minority- and women-owned businesses
 
  
a man standing in a construction site surveys a metal framework of a building
 
 
New Projects to Create $563 Million in Investments
 
Ohio Governor Mike DeWine and Lt. Governor Jon Husted this week announced the approval of assistance for five projects set to create 733 new jobs and retain 1,344 jobs statewide. During its monthly meeting, the Ohio Tax Credit Authority reviewed economic development proposals brought to the board by JobsOhio and its regional partners. Collectively, the projects are expected to result in more than $58 million in new payroll and spur more than $563 million in investments across Ohio.
 
To read about the projects, click here.
 
 
a man stands in an office using a smart phone
 
 
Ohio Third Frontier Approves Tech Funding
 
The Ohio Third Frontier Commission recently approved $2.5 million in funding that will provide capital to technology startup companies in industries ranging from health care to military applications. The Commission also approved $3 million in funding for continued support of the Diversity & Inclusion Technology Internship Program to help companies fill their technology needs, build Ohio’s workforce, and grow the state’s inclusive tech economy.
 
“These new technologies and breakthroughs speak to the future of innovation in Ohio,” Governor Mike DeWine said. “These companies have the potential to improve health outcomes, strengthen our military, improve the energy supply, and enhance cybersecurity.”
 
“In addition to advancing cutting-edge technology, we are investing in young talent to ensure these companies have the skilled workforce necessary to continue growing and innovating here in Ohio,” said Lydia Mihalik, director of the Ohio Department of Development and chair of the Ohio Third Frontier Commission. “We are building Ohio’s inclusive tech economy while helping companies stay competitive by identifying and implementing new technology-driven solutions.”
 
To read more, click here.
 
 
a band wearing brightly colored costumes and novelty hats stands in front of the Ohio Statehouse waving at the camera
 
 
Tourism Day Showcases Ohio Attractions, Events
 
The best of Ohio’s tourism attractions and destinations will be on full display on Wednesday, May 11, as the lawn of the Ohio Statehouse plays host to Ohio Tourism Day. Bring your vacation dreams and visit nearly 100 vendors from across the Buckeye State representing lodging, museums, wineries, festivals, parks, zoos, and more. The event runs from 11 a.m. to 2 p.m.
 
Various state officials will be on hand to celebrate Ohio’s tourism industry and highlight the variety of attractions and events that make Ohio a popular destination for out-of-state visitors as well as those who call Ohio home. The event will also feature live entertainment, giveaways, and food so you can grab lunch or a snack while planning your 2022 Ohio adventure.
 
For more information, visit Ohio.org/TourismDay or let us know you plan to attend on our Facebook event page.
 
  
a construction site with a worker standing nearby wearing a hard hat
 
 
$60 Million in Brownfield Remediation Grants Awarded
 
Governor Mike DeWine and Lt. Governor Jon Husted this week awarded more than $60 million in funding to help local communities clean up dozens of contaminated properties to make way for future economic development.
 
As part of the new Ohio Brownfield Remediation Program, the Ohio Department of Development is providing funding for 78 projects, including approximately $54.8 million for 37 clean-up projects and $5.5 million for 41 assessment projects. These projects will impact communities in 35 counties across the state.
 
“These hazardous, decaying sites – some of which have been vacant for decades - are barriers to economic growth and community revitalization, but now, we're going to help breathe new life into these areas,” Governor DeWine said. “The projects we’re funding today will not only revive these sites for new development, but they’ll also improve quality of life and open the door for exciting new opportunities for the citizens of our state.”
 
This week’s announcement represents the first group of grants awarded as part of Round 1 of the Ohio Brownfield Remediation Program, with nearly $350 million to be invested in total across the state in coming months.
 
“More businesses are looking to expand in Ohio, but they need sites that are ready to go immediately,” Lt. Governor Jon Husted said. “By cleaning up brownfield sites, we are creating locations that are ready to accommodate a business expansion. We are also transforming communities by removing blighted buildings and turning those sites into new opportunities for economic development.”
 
The funds will help to assess and clean up industrial, commercial, and institutional brownfield sites that are abandoned, idled, or underutilized because of a known or potential release of hazardous substances or petroleum. Following site remediation, properties can be redeveloped to revitalize neighborhoods and attract new economic development.
 
“We’re very excited about the future of these sites,” said Lydia Mihalik, director of the Ohio Department of Development. “These grants will have a positive impact in our communities, helping them remove blighted properties and prepare sites for redevelopment.”
 
Funding for the program is first-come, first-served with a $1 million set-aside for each county. The Ohio Department of Development is accepting Round 2 applications until May 31 from counties that have not yet exhausted their $1 million set-aside. A full breakdown of counties with remaining funds is available on the Ohio Department of Development's website. All remaining funds not exhausted in the first two rounds will be made available statewide in Round 3, which will begin on July 1, 2022.
 
For more information on the Brownfield Remediation Program, visit Development.Ohio.Gov/Brownfield.
The program is part of Governor DeWine's Ohio BUILDS Initiative, which focuses on supporting targeted solutions that impact quality of life, such as water infrastructure improvements, broadband expansion, brownfield redevelopment, the demolition of blighted buildings, and more.
 
For summaries of the 78 grant awards, click here.
 
 
a woman works on her laptop in her home office
 
 
Minority- and Women-Owned Businesses Get Support
 
Governor Mike DeWine and Lt. Governor Jon Husted announced more than $2.28 million in new loans have been approved in the first quarter of 2022 through the Ohio Department of Development (Development) to help 35 minority- and women-owned businesses grow and expand in Ohio.
 
The new Women's Business Enterprise Loan Program and Ohio Micro-Enterprise Loan Program were priority initiatives of the DeWine-Husted Administration and included in the 2022-2023 operating budget, which was passed in June by the Ohio General Assembly.
 
“Minority- and women-owned businesses often face more obstacles in accessing capital through traditional sources, which is why we believe it’s essential to help these businesses grow with the help of this additional support,” Governor DeWine said.
 
“In our mission to make Ohio the most innovative, entrepreneurial state in the Midwest, it’s important that our economy supports a broad landscape of opportunity in a variety of industry sectors,” Lt. Governor Jon Husted said. “Small businesses are a huge economic and job-creation driver for Ohio, and these loans will help more businesses contribute to Ohio’s success.”
 
The loans are administered by Development’s Minority Business Development Division. In the first quarter, $1,159,175 in Women’s Business Enterprise Loans were approved for seven companies, and $1,122,000 Ohio Micro-Loans were approved for 28 companies. More than $3.8 million remains available in both loan programs.
 
“We want to make sure that everyone shares in Ohio’s economic success,” Development Director Lydia Mihalik said. “The DeWine-Husted Administration made these programs a priority to help minority- and women-owned businesses grow and boost the Ohio economy.”
 
The programs:
  • Women’s Business Enterprise Loan Program: These loans will be offered at or below market rate and currently are up to 3%. The minimum loan amount is $45,000 up to a maximum of $500,000. Loans will be repaid within 10 years for equipment and machinery and 15 years for owner-occupied real estate. Businesses must be 51% ownership and control by women or be certified by the state of Ohio as a Women-owned Business Enterprise (WBE).
  • Ohio Micro-Loan Program: These loans will have a 0% interest rate. The minimum loan is $10,000 up to a maximum of $45,000. Loans will be repaid within five years for permanent working capital and seven years for equipment. Businesses must be certified by the state of Ohio as a Minority Business Enterprise (MBE) or a Women-owned Business Enterprise (WBE).
 
These programs join four other capital programs offered by Development through its Minority Division: the Ohio Minority Business Bonding Program, the Ohio Minority Business Direct Loan Program, the Collateral Enhancement Program, and the Ohio Capital Access Program.
 
Since the beginning of 2022, one Minority Business Direct Loan has been approved by Development and the Ohio Controlling Board, and one business has received a renewal under the Minority Business Bonding Program.
 
Information about the loans, including program guidelines and fact sheets, can be found online at Minority.Ohio.Gov. To start the application process, click here.
 
Businesses also can reach out to a Minority Business Assistance Center near them for help with the application process and assistance with business planning, access to capital, and state business certifications. For more information about the MBAC network, visit MBAC.Development.Ohio.Gov.
 
 
food being processed on a conveyor belt
 
 
Register Now for Food Export Buyers Mission in Columbus
 
Processed food and beverage companies can position their products in front of prequalified, experienced international buyers who seek the latest food trends and products from the United States at a Buyers Mission coming to Columbus in July.
 
The event is hosted by the Ohio Department of Development and Food Export-Midwest.
 
Companies can save money by meeting with foreign buyers here in Ohio. Registration provides the opportunity for up to 10 one-on-one meetings with buyers, the option to meet with all In-Market Representatives and the Food Export Helpline™ Counselor for two company representatives, and a networking lunch session.
 
Companies are encouraged to register early as meeting slots are scheduled on a first-come, first-served basis.
 
The event is scheduled for July 27, 2022, in Columbus. The early registration deadline is May 13, and the early registration price is $325. To register, click here.
 
 
In demand jobs week is May 2-6
 
 
Fifth Annual In-Demand Jobs Week Is May 2-6
 
The fifth annual Ohio In-Demand Jobs Week will take place during the first full week of May, from May 2-6.
 
“In-Demand Jobs Week is a great chance for businesses to open their doors and showcase the many top jobs, industries, and skills across Ohio,” Governor Mike DeWine said. “The best way to find out if a job is for you is to try it out, and students will have that opportunity to do just that.”
 
“During In-Demand Jobs Week, we shine a light on career opportunities that give job seekers a path toward new, high-paying jobs in fields where Ohio businesses are hiring immediately,” Lt. Governor Jon Husted said. “This year, we are specifically bringing awareness to jobs that pay over $50,000 a year and require less than a year of training, giving Ohioans a clear path to their next opportunity.”
 
In-Demand Jobs Week is designed to promote Ohio’s most in-demand and fastest-growing industries through statewide hiring, education, and training events.
 
To learn more about these job opportunities and the financial assistance available to earn a credential, visit OhioMeansJobs.com or contact your local OhioMeansJobs center.
 
During In-Demand Jobs Week, businesses, education providers, community organizations, and more are encouraged to plan events that will inspire students and job seekers to earn a credential and pursue a job in Ohio. From tours and roundtables to career-tech signing days and job fairs, In-Demand Jobs Week is an opportunity to highlight what Ohio has to offer.
 
Organizations can visit TopJobs.Ohio.gov to add their event to the official In-Demand Jobs Week map. Individuals interested in attending an event can use the 2022 event map to find opportunities nearby.
 
  
Ohio TechCred
 
 
Next TechCred Application Round Opens May 2
 
The next round of TechCred opens next week, and businesses can prepare now to apply.
 
TechCred will be open for applications on a bimonthly basis for the remainder of 2022:
  • Round 14: May 2-31
  • Round 15: July 1-29
  • Round 16: Sept. 1-30
  • Round 17: Nov. 1-30
 
A total of 1,728 Ohio employers have been approved for funding over the span of the program, supporting the earning of 36,703 tech-focused credentials by Ohio employees. That doesn’t include the results of the March round. Those results will be announced later.
 
TechCred helps businesses address their workforce needs by upskilling current and prospective employees. Businesses of all sizes, from any industry, are eligible for up to $30,000 per round and up to $180,000 per year.
 
Businesses with employees who have completed their approved TechCred training should complete the reimbursement process at TechCred.Ohio.gov.
 
To learn more about the program, visit TechCred.Ohio.gov.
 
  
Ohio Business Matchmaker logo
 
 
Ohio Business Matchmaker Is Back as In-Person Event
 
Small businesses will have the opportunity to meet one-on-one with government buyers at the local, state, and federal levels as the 2022 Ohio Business Matchmaker returns as an in-person event.
 
The largest small business-to-government contracting event in the state will be July 13 and 14 in the Nutter Center on the campus of Wright State University in Dayton.
 
Since 2006, the U.S. Small Business Administration and the Ohio Department of Development have partnered to connect suppliers to city, county, state, and federal agencies, and large prime contractors seeking to buy from small businesses, including MBE/EDGE, minority-owned, women-owned, veteran-owned, 8(a), and HUBZone-certified businesses.
 
The past two years, the Matchmaker has been held in a virtual format, but this year, it will be back in person.
 
Watch for more details, including registration information, coming soon at OhioBusinessMatchmaker.com.
 
 
many smiling faces and national small business week logo
 
 
National Small Business Week Kicks Off Next Week
 
This year’s National Small Business Week, held May 1-7, 2022, will acknowledge small businesses from across the country for their resilience, ingenuity, and creativity. It will also recognize SBA partners for their involvement in entrepreneurial development, disaster recovery, government contracting, financial development, and overall support for small businesses and entrepreneurship.
 
During National Small Business Week, the SBA will hold its Virtual Summit from May 2-5, 2022, in conjunction with SCORE. Attendance is free, but registration is required. To register, visit National Small Business Week 4-Day Virtual Summit Registration (onlinexperiences.com).
 
This year’s virtual summit will feature access to federal resources, educational workshops, and networking to help our nation’s 32.5 million small businesses pivot, grow, and seize new opportunities.
 
To register for National Small Business Week and for more event information, visit www.sba.gov/NSBW.
 
 
Ohio Means Jobs
 
 
OhioMeansJobs.com Can Help Businesses Find Workers
 
Businesses that are looking for workers can find help at OhioMeansJobs.com. The website helps job seekers find work, and it also can help businesses find their next employee. The site now has more than 2.1 million resumes posted by people looking for a new job.
 
In addition, the Employer page on the website provides other resources, such as tips on hiring veterans, people with disabilities, and restored citizens.
 
OhioMeansJobs.com currently has more than 252,000 jobs posted, including more than 150,000 that pay more than $50,000 per year. More than 4,400 internship opportunities also are available.
 
To find the OhioMeansJobs center near you, visit OhioMeansJobs.com and select “FIND A JOB CENTER” at the bottom of the page or call 1-888-296-7541.
 
  
U.S. Small Business Administration logo
 
 
SBA Defers Payment on COVID Disaster Loans
 
Businesses that have received COVID Economic Injury Disaster Loans (EIDL) will be able to defer repayment on the loans, according to an announcement on the U.S. Small Business Administration’s (SBA) Twitter account.
 
The COVID EIDL program has allocated more than $351 billion to 3.9 million borrowers. The deferment, which includes principal and interest payments, covers loans approved in 2020, 2021, and 2022. Loans now have a total deferment of 30 months from the date of approval.
 
Borrowers still can make partial or full payments but are not required to. Interest will continue to accrue on the loans.
 
For a link to the Twitter thread, click here. The COVID EIDL webpage is here.
 
Also, businesses that received loans through the federal Paycheck Protection Program (PPP) are encouraged to apply for loan forgiveness.
 
The (SBA) is no longer accepting PPP applications after providing $798 billion in economic relief to small businesses and nonprofits. Loan recipients still can apply for loan forgiveness, but deadlines may already have passed for some recipients. For more information, click here.
 
Information about the SBA’s relief efforts can be found at sba.gov/coronavirusrelief.
 
 
doctor puts a band aid on a senior woman's arm
 
 
Businesses Can Arrange Workplace Vaccination Clinics
 
Ohio is helping employers and other organizations offer workplace vaccination clinics. Vaccine providers can allot up to 25 percent of their vaccine allocation to be used to vaccinate their own employees or to partner with local employers, labor unions, churches, and other organizations to vaccinate their employees at their work locations. Employers and organizations are encouraged to reach out to their local health department and vaccine providers to set up vaccination clinics.
 
For more information about the program, click here.
 
All Ohioans 5 years old and older are eligible for vaccinations at clinics and sites across the state. Appointments can be scheduled by visiting gettheshot.coronavirus.ohio.gov or by calling 1-833-427-5634 (1-833-4-ASK-ODH).
 
 
A clinician administers a vaccine to a older patient
 
 
Quick Links to COVID Data and Vaccinations  
For more information on Ohio's response to COVID-19, visit coronavirus.ohio.gov or call 1-833-4-ASK-ODH.
 
 
Man using computer at home
 
 
We’re Here to Help!
 
The Ohio Department of Development has many resources to help business owners make it through the current crisis and prepare for a strong future. Here are some of the resources, and most of them are offered at no cost to businesses.

 
 
man sitting reading social media on his phone
 
 
Follow Us on Social Media
 
Development is using its social media channels to raise awareness of programs and assistance available through the state and federal governments. We urge small businesses to reach out to Ohio Small Business Development Centers and Minority Business Assistance Centers around the state for help in applying for federal assistance and to plan for the future.
 
Follow us on Facebook, Twitter, Instagram, and LinkedIn.
 
For more information
 
Visit Coronavirus.Ohio.Gov/BusinessHelp or email BusinessHelp@Development.Ohio.Gov.
 
 
Ohio Department of Development logo
Ohio Department of Development | BusinessHelp.Ohio.Gov
 
 

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