Cincinnati-area groups win microenterprise grants
The Greater Cincinnati Microenterprise Initiative (GCMI) and Adams/Brown Counties Economic Opportunities Inc., were among 11 organizations and municipalities to share more than $591,000 in microenterprise grants from the Ohio Department of Development.
The grants, funded through the Ohio Housing Trust Fund and Community Block Development Grant Program, help develop local microenterprise businesses.
GCMI will receive $58,300 to give training and technical support to 85 low- and moderate-income micro-entrepreneurs, according to a news release.
The Adams/Brown organization also will be awarded $58,300 for 40 low- and moderate-income entrepreneurs, and for loans to four microenterprise businesses.
“Microenterprise businesses throughout the nation and our state are a major source of employment,” said Lisa Patt-McDaniel, director of the Ohio Department of Development, in the release.
Other areas receiving grants include: Athens, Pike, Franklin, Perry, Columbiana, Morgan, Van Wert and Vinton counties, and the city of Zanesville.