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Economic Development Division
150 S. Front Street, Suite 220
Columbus, Ohio 43215

614-645-8616

Small Business

john-rush"The work of the Small Business Loan Fund is vital to the core of our economy.  The financing we were able to receive allowed us to scale our operations and provide more employment for men and women returning from incarceration.  Managing cash flow can often be a challenge for small businesses and especially for social enterprises.  To have a partner such as the City of Columbus and CCDC allows us to face such a challenge with confidence that we can continue to serve the market we are doing business in-- and in our case it capitulates our social mission forward."

John Rush, CleanTurn President/CEO

bakery   Jenis Ice Cream

Emerging Businesses Business Development Loan Fund : A low-interest loan up t $199,000 for the acquisition of real estate and/or large equipment.  This loan requires that a second lending institution match the Business Development Fund amount to comprise the principal.  The creation of a minimum of one new job per $30,000 of City investment is required with 51% of the jobs created awarded to low-moderate income individuals. 

Working Capital Loan Fund : A low-interest loan up to $100,000 for the acquisition of real estate and/or large equipment.  This loan requires that a second lending institution match the Business Development Fund amount to comprise the principal.  The creation of a minimum of one new job per $30,000 of City investment is required with 51% of the jobs created awarded to low-moderate income individuals.
     o Revolving Loan Fund Partners
          • Community Capital Development Corporation (CCDC)   www.ccdcorp.org
          • Finance Fund  www.financefund.org

Neighborhood Commercial Revitalization (NCR) Investment Fund : A loan up to $100,000 for fixed asset financing within the Neighborhood Commercial Revitalization (NCR) business district.  The creation of a minimum of one new job per $30,000 of City investment is required.
     o Storefront Renovation Grant : A grant designed to encourage storefront renovation in the business districts designated under the Neighborhood Commercial Revitalization Program.  Eligible applicants can be awarded up to $3,000 per site.
     o Interior Renovation Program : More information coming soon

Start-up Businesses • Micro Loan programs available through Economic Community Development Institute (ECDI)   www.ecdi.org

Other

•  Green Columbus Fund : Established to encourage sustainable development and redevelopment, private businesses and non-profit organizations can receive grants up to $200,000 per project to assess and redevelop Brownfield sites or to construct green buildings in Columbus.

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Small Business Builder Opening a small business requires careful consideration of your market, a firm business plan, and the discipline to protect what is most important to you at this time–your financial capital. Through the office of the Small Business Coordinator and the Small Business Builder, you will be connected with the resources necessary to help you accomplish your goals. learn more