Any and all businesses must apply for the basic business license before they are allowed to trade or open.Ī business license costs approximately $25 to apply for online or through your local city or town office. The Early Stage Focus Fund will complement the existing Ohio Third Frontier Pre-Seed Fund to support funds that target investments to early stage, tech-based companies in underserved communities and populations.Ohio Business License & Permit Registrationīusiness licenses, employee identification numbers (EIN) and special liquor or food sales permits are just some of the important documents required by law in Ohio. The Ohio Venture Fund will provide capital to investment funds to invest in early stage, tech-based companies. The Ohio Collateral Enhancement Program will provide collateral on small business loans made by financial institutions to allow small businesses to access loans that otherwise would have been denied. The Community Development Financial Institutions (CDFI) Loan Participation Program will provide loans to socially and economically disadvantaged individuals, very small businesses, and businesses located in CDFI tracts.ĭetails about the program will be available soon.
The Department of Development will administer the SSBCI program in Ohio through the Minority Business Development Division and the Office of Technology Investments, splitting the funding among the following programs: CDFI Loan Participation Program After performance targets are met, Ohio will qualify for a total of up to $182 million (click here to view the press release). Ohio initially will receive $52.4 million to support socially and economically disadvantaged individuals and very small businesses. Department of Treasury to receive funding through the federal State Small Business Credit Initiative (SSBCI) to support small businesses across the state. We encourage you to check the website frequently for updates. The deadline for proposals will also be revised. Once the modifications are completed, we will post the revised RFP to this site. The RFP for the SSBCI Venture Capital Programs has been put on hold temporarily while we review potential changes to the RFP. Novem| Agency State Small Business Credit Initiative (SSBCI)
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