Business Revolving Loan Fund

The City of Bowling Green's Revolving Loan Fund provides loans to businesses for start-ups and expansions, resulting in more jobs for low- and moderate-income persons.

The City of Bowling Green’s Business Revolving Loan Fund, an implementation of the CDBG block grant program, has recently been modified by lowering the interest rate to 0% to encourage businesses within City Limits to apply. The purpose of the loans is to enhance local businesses and promote job growth targeting low-and moderate-income wage earners. For each $35,000 borrowed, the business must commit to generating one new job. Terms of the loans range from 3-5 years, and special terms are available for businesses located in the Downtown Special Improvement District.

“We feel that offering a zero percent loan to encourage job creation for low- and moderate-income individuals will help strengthen our community and provide a new source of funding for business growth.  Our goal is to work in tandem with financial institutions to offer a variety of loans that will grow our local businesses and make Bowling Green a better place to live and work.” Says Martha Woelke, Community Development Administrator.

Contact the Community Development Department at 419-354-6203, or visit the City’s website: www.bgohio.org, for additional details.

 

Ohio TechCred

Ohio Lt. Governor Jon Husted, who serves as Director of the Governor’s Office of Workforce Transformation, today announced the results of the March round of TechCred, which will provide the opportunity for Ohioans to earn over 4,000 tech-focused credentials. This most recent round puts the program on pace to reach and exceed the 20,000 credential goal for this fiscal year funded through the state operating budget.

The current TechCred application period opened on May 2nd and will close on Tuesday, May 31st at 3:00 p.m. Businesses with employees who have completed their approved TechCred training should complete the reimbursement process at TechCred.Ohio.gov.

“TechCred continues to help Ohio businesses upskill their workforce, while also providing a great opportunity for Ohioans to develop new, tech-infused skills so they can be more competitive,” said Lt. Governor Husted. “This is the second application period in a row that over 4,000 credentials were approved for funding, showing that this program has become a huge asset for businesses and their employees.”

The March round of TechCred marked the 13th round of the program. Today, Lt. Governor Husted announced that 342 Ohio employers were approved for funding, resulting in Ohio employees earning up to 4,121 technology-focused credentials. Businesses of all sizes are utilizing the program, with 95 new employers joining the program for the first time this round.

“TechCred is helping Ohio businesses upskill their workforce,” said Lydia Mihalik, Director of the Ohio Department of Development. "Employees are expanding their skills, and employers are getting the talent they need to grow their business."

With the approvals announced today, a total of 1,822 Ohio employers have been approved for funding through the TechCred program, supporting the earning of 40,824 tech-focused credentials by employees.

“The education and upskilling received through the TechCred program has allowed these Ohio workers to progress in their career while giving employers the pipeline of skilled workers needed for continued success,” said Ohio Department of Higher Education Chancellor Randy Gardner.

Learn more about the program at TechCred.Ohio.gov.

Grants Available Through the Small Business Relief Office

The grants and programs are:

  • Ohio Micro-Loan Program: This loan program is designed to stimulate the growth of new and existing businesses by providing micro-loans at 0% interest. The minimum loan amount is $10,000 to a maximum of $45,000. Loans will be repaid within five years for permanent working capital and seven years for equipment.
  • Women's Business Enterprise Loan Program: This loan program is designed to stimulate the growth of existing women-owned businesses by providing loans at market rate or below market rate interest (currently up to 3%). The minimum loan amount is $45,000 up to a maximum of $500,000. Loans will be repaid within 10 years for equipment and machinery and 15 years for owner-occupied real estate.
  • Water and Wastewater Infrastructure Grant: This grant will provide nearly $250 million to improve access to clean drinking water and wastewater infrastructure. Grants will be up to $250,000 for design projects and up to $5 million for construction projects to Ohio communities. Public entities within a political subdivision with the authority to own and operate public water and sewer systems and nonprofit, non-community public water systems may apply. Funding for the program is provided by the American Rescue Plan Act.

ECDI Small Business Loans

ECDI is a statewide non-profit organization that helps small businesses succeed. In addition to Small Business Loans, they also provide Entrepreneur Training, and Business Mentoring. If you'd like to learn more or want to apply, reach out to April Welch at awelch@ecdi.org or 419-574-9476.

BG Economic Development

BG Revitalization Loan Program

Bowling Green Economic Development would like you to be aware of a special 0% interest loan available to merchants.  Loan amounts will be for $2,000 to $10,000 – First 6 month are payment-free, followed by 12 monthly repayment installments.  If you would like the application emailed to you or if you have any questions, contact the Bowling Green Economic Development office at 419-353-3591 or email kthompson@bowlinggreen-oh.com.

Ohio BWC logo

Ohio Bureau of Workers' Compensation Safety Newsletters

The Ohio BWC Division of Safety & Hygiene puts out monthly safety updates to keep your business informed. You can view each month's edition online.

Ohio Find it Here

Supporting Local Ohio Businesses

Ohio.org supports our state’s tourism industry to drive economic prosperity throughout Ohio. We feel that this website would offer a place for many of our Investors to advertise their business and/or events. The website is not only used by tourists, but also by locals and is open to big and small businesses, restaurants, artists, retailers, events and more. The best thing about this website is that it is FREE! We encourage you to take some time to see if you think your business would benefit from this free online advertising opportunity.

If your business is selected to be published on the website, please let us know so that we can share that information with our other Investors.