{"id":8727,"date":"2024-03-06T14:25:31","date_gmt":"2024-03-06T14:25:31","guid":{"rendered":"https:\/\/laprensanewspaper.com\/?p=8727"},"modified":"2024-03-06T14:25:31","modified_gmt":"2024-03-06T14:25:31","slug":"department-of-development-helps-women-owned-businesses-with-1-million-in-support","status":"publish","type":"post","link":"https:\/\/laprensanewspaper.com\/index.php\/2024\/03\/06\/department-of-development-helps-women-owned-businesses-with-1-million-in-support\/","title":{"rendered":"Department of Development helps Women-Owned Businesses with $1 Million in support"},"content":{"rendered":"

\"\"<\/a>COLUMBUS, Feb. 28, 2024: The Ohio Department of Development today announced $1 million in support for two Ohio women-owned businesses. The Ohio Minority Development Financing Advisory Board approved the funding during its monthly board meeting.<\/p>\n

“In today’s business world, removing barriers to financial support is crucial for minority- and women-owned businesses,\u201d said Lydia Mihalik, director of the Ohio Department of Development. \u201cThese funds empower \u00a0Ohioans to grow their businesses and reinforces our commitment to promoting entrepreneurship for everyone.\u201d<\/p>\n

Businesses receiving support include:<\/strong><\/p>\n

Guard Plus LLC dba Guard+\u00a0<\/strong>and\u00a0Sydney Candle Company, LLC (Trumbull County)<\/strong>\u00a0were approved for $500,000. Guard Plus dba Guard+ LLC is a 70-unit outdoor storage facility, providing four different types of storage units for its customers. Sydney Candle Company, LLC is a soy wax candle manufacturer operated by the same owner. The funds will be used to expand both owners\u2019 operations with the purchase and construction of two new storage kits and a warehouse.<\/p>\n

Wonderland Playground LLC (Hamilton County)<\/strong>\u00a0was approved for $500,000. \u00a0The 10,000-square-foot children\u2019s amusement facility offers three play areas, a snack bar, and rental for private parties and events. The funds will be used to pay off existing business debt, saving the company thousands of dollars.<\/p>\n

To date, Development has provided nearly $22 million in support to more than 240 minority \u2013 and women\u2013owned businesses through the Women’s Business Enterprise Loan Program, the Minority Direct Loan Program, the Ohio Micro-Loan Program, and the Ohio Minority Business Bonding Program. Additional funding remains available for these programs.<\/p>\n

MDFAB reviews and makes recommendations on loans and surety bond requests. More information about loans and other capital assistance programs can be found online at\u00a0Minority.Ohio.Gov<\/a>. Eligible business owners can start the loan application process\u00a0here<\/a>.<\/p>\n

The Ohio Department of Development empowers communities to succeed by investing in Ohio\u2019s\u00a0people, places, and businesses. Learn more about our work at\u00a0development.ohio.gov<\/a>.\u00a0<\/em><\/p>\n

\u00a0<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

COLUMBUS, Feb. 28, 2024: The Ohio Department of Development today announced $1 million in support for two Ohio women-owned businesses. The Ohio Minority Development Financing Advisory Board approved the funding during its monthly board meeting. “In today’s business world, removing barriers to financial support is crucial for minority- and women-owned businesses,\u201d said Lydia Mihalik, director<\/p>\n","protected":false},"author":2,"featured_media":8728,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_rtcl_gb_attr":"","footnotes":""},"categories":[5],"tags":[],"wf_post_folders":[192],"class_list":["post-8727","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ohio"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t