Ohio Releases $10 Million in Microloans for MBE, EDGE and other eligible small businesses

The legislative Ohio Controlling Board voted this week to release $10 million in CARES Act Funding to the Economic and Community Development Institute or ECDI to provide microloans at no more than 2% interest to eligible small businesses.  ECDI is also embarking on a fundraising campaign in hopes of increasing that amount through other community investment.

https://www.bizjournals.com/columbus/news/2020/07/13/ohio-sends-10m-to-ecdi-for-covid-19-loans.html?iana=hpmvp_colum_news_headline

Contact ECDI for more information https://www.ecdi.org/

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