By: Lee Chilcote
Source: http://freshwatercleveland.com
Category: Small Business Grant
Having birthed 25-plus new business within the past few years, Ohio City is on a roll. Leaders here hope to continue that progress this year as they launch the second round of the Small Business Development Grant Competition, an initiative that aided at least five new retail businesses in 2011.
The competition, which is being managed by Ohio City Inc. and funded by Charter One Growing Communities, offers grants of $5,000 to $20,000 to retail businesses that open or expand in the Market District along W. 25th or Lorain. Entrepreneurs can use the funds for rent payments of no more than one year, purchase of equipment for business operations or interior build out.
Community leaders are focusing solely on retail ventures this year, having overseen a boom of new restaurants and small boutique shops in 2011.
"The Charter One Growing Communities initiative has catalyzed tremendous growth in the Market District," said Eric Wobser, Director of Ohio City Inc., in a release. "We are very excited to launch year two of the competition."
Applicants can download the RFP from OCI's website and submit it along with a short essay and business plan. They'd better hurry, though -- according to Wobser, there are only five vacant storefronts remaining in the Market District.
Community leaders are also hoping that the Market District's considerable momentum will spill over onto Lorain Ave. Within the past two years, the down-on-its-heels main street that has begun to flicker with new life. OCI has created a community planning effort, Launch Lorain, to chart its future.
Source: http://freshwatercleveland.com/forgood/ohiocitybusinessgrant040512.aspx
