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Tech Cred Helps 342 Employers

Ohio Department of Development Small Business Update
 
 
  • Highlights in this week's Small Business Update:
  • Toledo SBDC is rated the best in the SBA’s Great Lakes region
  • Business certifications now available through Development’s website
  • Tourism in Ohio bounces back in 2021 with $47 billion in spending
  • Registration opens next week for the Ohio Business Matchmaker
 
  
ohio techcred logo and technology workers using a laptop
 
 
Lt. Governor Husted Announces TechCred Results for March
 
Ohio Lt. Governor Jon Husted, who serves as Director of the Governor’s Office of Workforce Transformation, recently announced the results of the March round of TechCred, which will provide the opportunity for Ohioans to earn more than 4,000 tech-focused credentials. This most recent round puts the program on pace to reach and exceed the 20,000 credential goal for this fiscal year funded through the state operating budget.
 
“TechCred continues to help Ohio businesses upskill their workforce, while also providing a great opportunity for Ohioans to develop new, tech-infused skills so they can be more competitive,” Lt. Governor Husted said. “This is the second application period in a row that over 4,000 credentials were approved for funding, showing that this program has become a huge asset for businesses and their employees.”
 
The March round of TechCred marked the 13th round of the program. Lt. Governor Husted announced that 342 Ohio employers were approved for funding, resulting in Ohio employees earning up to 4,121 technology-focused credentials. Businesses of all sizes are utilizing the program, with 95 new employers joining the program for the first time this round.
 
“TechCred is helping Ohio businesses upskill their workforce,” said Lydia Mihalik, Director of the Ohio Department of Development. "Employees are expanding their skills, and employers are getting the talent they need to grow their business."
 
With the March round approvals, a total of 1,822 Ohio employers have been approved for funding through the TechCred program, supporting the earning of 40,824 tech-focused credentials by employees.
 
The current TechCred application period opened on May 2 and will close at 3 p.m. May 31.
 
TechCred will be open for applications on a bimonthly basis for the remainder of 2022:
  • Round 15: July 1-29
  • Round 16: Sept. 1-30
  • Round 17: Nov. 1-30
 
Businesses with employees who have completed their approved TechCred training should complete the reimbursement process at TechCred.Ohio.gov.
 
Learn more about the program at TechCred.Ohio.gov.
 
 
US Small Business Administration logo and award
 
 
SBA Announces 2022 Small Business Week Winners
 
U.S. Small Business Administration Northern Ohio District Director Gil Goldberg announced the 2022 National Small Business Week winners hailing from northern Ohio. National Small Business Week Awards celebrate the achievements and resilience of small business owners and their important contributions to our economy and communities. National Small Business Week was celebrated May 1-7.
 
The 2022 Great Lakes Regional Small Business Development Center (SBDC) Excellence and Innovation Award went to the Ohio Small Business Development Center at the Toledo Regional Chamber of Commerce. Jill Badger is the director of the center. The Toledo SBDC at the Toledo Regional Chamber of Commerce was named this year’s most outstanding SBDC among the Great Lakes states of Illinois, Indiana, Michigan, Minnesota, Ohio, and Wisconsin. The SBDC provides entrepreneurs free one-on-one counseling centered on the business planning process, including financing, market research, marketing strategies, and management and cash-flow analysis. The SBDC also hosts the Export Assistance Network and provides specialized assistance in exporting and international trade.
 
The 2022 Ohio Small Business Person of the Year Award went to Laura Licursi, CEO of Elite Virtual Assistants in Strongsville, Ohio. Ms. Licursi turned to SBA resource partners SCORE, the ECDI Women’s Business Center of Northern Ohio, Small Business Development Centers (SBDCs), and Procurement Technical Assistance Centers (PTACs) for counseling and assistance that helped her weather the pandemic storm. In addition, Elite Virtual Assistants received SBA-administered Paycheck Protection Program (PPP) loans and an SBA Economic Injury Disaster Loan (EIDL). As a result, Elite Virtual Assistants emerged from the pandemic with robust two-year growth and 50-plus employees.
 
The 2022 Northern Ohio Exporter of the Year Award went to Bob Vitale, CEO of Midwest Industrial Supply Inc. in Canton, Ohio. In 1975, Bob Vitale opened a Canton-area small business that eventually evolved into the leading provider of regulatory-compliant, environmentally safe solutions for industries needing to control dust, friction, ice, or unstable soil. Today, the company engineers, manufactures, and delivers solutions around the world to clients in the quarry, mining, construction, oil and gas, steel, rail, and remote runway industries. Mr. Vitale has received assistance from the SBDC Export Assistance Network office at Youngstown State University.
 
The 2022 Northern Ohio Women’s Business Center of the Year Award went to the ECDI Women’s Business Center of Northern Ohio in Cleveland. Nicole Liatos is the director. The ECDI WBC of Northern Ohio, hosted by ECDI’s northern Ohio office, is a hub of learning and networking, where entrepreneurs support each other through the ups and downs of building and managing a business.
 
To read more about the awards, click here. The SBA Northern Ohio District’s website is at https://www.sba.gov/offices/district/oh/cleveland.
 
 
a woman reading a printed certification
 
 
Business Certifications Now Available at Development Website
 
Businesses that are seeking state certifications can now go to the Ohio Department of Development (Development) website to begin the process.
 
Applications for certifications have moved to Development from the Ohio Department of Administrative Services. Information about certifications is available at Development.Ohio.gov/Certifications.
 
In addition, companies seeking to diversify their supplier or subcontractor lists can visit the site to search for companies certified as Minority Business Enterprises (MBE), Women-Owned Business Enterprises (WBE), Veteran-Friendly Business Enterprises (VBE), or Encouraging Diversity, Growth and Equity (EDGE) businesses.
 
The transfer is part of the DeWine-Husted Administration’s plan to make Development’s Minority Business Development Division a one-stop-shop for minority-owned, women-owned, and disadvantaged businesses. Certifications, access to capital, and business advising services all are now available through the Minority Division.
 
The merger of the state’s Equal Opportunity Division with Development’s Minority Division creates a more efficient process for businesses.
 
State certifications can help businesses land contracts with government agencies and large prime contractors. More information and links to applications are available at Development.Ohio.gov/Certifications.
 
 
people gathered around an outdoor fire while playing a guitar
 
 
TourismOhio Reports $47 billion in Visitor Spending
 
2021 proved to be a major year for the tourism industry in Ohio thanks to visitors from inside and outside the state. TourismOhio released the economic impact metrics this week.
 
In 2021, the tourism industry captured $46.9 billion in visitor spending and welcomed 219 million visitors into and within the state. The industry also supported 411,000 Ohio jobs (full time, part time, and seasonal). These are major increases over 2020 and near 2019's record tourism numbers when Ohio generated $48 billion in sales and 226 million visits, while supporting 429,000 Ohio jobs.
 
TourismOhio also reported the return on investment from marketing efforts in 2021. Every $1 invested in the 2021 Ohio. Find It Here. marketing campaign generated $83 in direct visitor spending and $6 in taxes inside the state.
 
"To see so many visitors coming to Ohio speaks volumes to the dedication and reputation of our tourism partners across the state," Governor Mike DeWine said. "People from all over recognize that Ohio has so much to offer when it comes to destinations and experiences including outstanding state parks and one-of-a-kind attractions! We are confident that even more travelers will find the fun and enjoyment they're looking for in Ohio this year."
 
Ohio is in a prime position to have an incredible travel season this year. A recent travel survey by Longwoods International showed more than 90% of people have travel plans in the next six months and many people are choosing regional destinations. Those trends will likely benefit Ohio as our state offers easy access for travelers to both big cities and inviting regions.
 
"People are ready to travel," said Lydia Mihalik, director of the Ohio Department of Development. "Ohio is within a day's drive of 60% of the U.S., and many of our big events position the state as a great destination for visitors eager to make memories."
 
To read more, click here. For more information about events and destinations in Ohio, visit Ohio.org.
 
 
a woman small business owner looks at paperwork
 
 
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.
 
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.
 
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.
 
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.
 
 
Ohio Business Matchmaker logo
 
 
Registration Opens Next Week for Ohio Business Matchmaker
 
Small business can register next week to 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.
 
Registration is scheduled to open next Tuesday at OhioBusinessMatchmaker.com.
 
 
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 254,000 jobs posted, including more than 151,000 that pay more than $50,000 per year. More than 4,000 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’s COVID Disaster Loan Web Portal to Close
 
The U.S. Small Business Administration (SBA) will close its portal for COVID-19 Economic Injury Disaster Loans (EIDL) at 11:59 p.m. Monday, May 16.
 
The SBA stopped accepting applications for new COVID-19 EIDL loans and advances on Jan. 1. On May 6, it no longer processed loan increase requests or requests for reconsideration of previously declined loans because it had exhausted funding.
 
Borrowers in the middle of the application process have until 11:59 p.m. Monday to complete documentation or signature requirements. All borrowers have until that time to download their documents for their files.
 
The COVID EIDL page 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.
 
  
Woman showing thumbs up with bandaid on her arm
 
 
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 using mobile phone to read social media
 
 
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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