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Ohio loan and grant programs for minority- and women-owned businesses

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Rachel Winder is the founding executive director of the Ohio Women's Coalition, which helped advocate for a state-funded $10 million loan program for women-owned businesses.

Women and minority entrepreneurs can take advantage of recently announced loan and grant programs by the state of Ohio and Franklin County.

The Franklin County Community Equity Fund is supporting Black and brown-owned small businesses through the coronavirus pandemic with stabilization grants up to $10,000 each and startup grants up to $5,000 each.

Applicants who meet program requirements also are eligible for an additional $1,000 per W-2 employee (up to $5,000 each).

Applications for the grants are open through Nov. 8 and can be found through the Columbus Urban League website, cul.org.

More:Columbus Foundation makes ‘game-changing’ investment in Columbus Urban League

The fund was created by the Franklin County Business Growth and Equity Alliance, a partnership between the Franklin County Board of Commissioners, One Columbus and the Columbus Urban League. The Board of Commissioners invested $1,000,050 in federal funding from the American Rescue Plan Act of 2021.

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