The city of Columbus has founded The Ohio Micro-Enterprise Grant Program, a $5 million program that is helping support small minority-owned and women-owned businesses mend from the impact of the coronavirus crisis. The program will grant qualified businesses $10,000 to help cover expenses lost due to the economic shutdown.
To qualify, businesses must:
- Be a certified Minority Business Enterprise and/or EDGE (Encouraging Diversity Growth and Equity Program)-certified women-owned for-profit business as of Feb. 29, 2020, with up to $500,000 in annual revenue and 10 employees or less;
- Have not received any CARES Act funding;
- Be current on all taxes and private or public loans; and
- Each qualifying business would receive $10,000 until funding runs out, and grants will be awarded on a first-come, first-served basis.
