News & Opportunities

Please also see the “Resources” tab for these pages –  

N.E. Ohio SBDC Network News & Events, and Community Partners News and Events 

for additional important events and trainings!  Lots to see there!

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2024 – Ohio Small Business Development Center in Akron – In-person Trainings! (See Below)

2024 – Ohio Small Business Development Center at KSU Stark – Online Trainings!

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Business Basics covers topics like your business description, legal forms of ownership, financial projections, and the importance of industry and market research.

How to Write a Business Plan covers the importance and mechanics of writing the business plan, small business loans, and lines of credit.

All Training will be held in person at the Bounce Innovation Hub in Downtown Akron. 526 S. Main St. Akron, Ohio 44311

Register: Register Here!

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SBDC SMALL BUSINESS ORIENTATION DATES 2024

All Seminars are 5:00 – 7:15 PM

Please follow links to register!!

Wednesday, November 6        https://clients.ohiosbdc.ohio.gov/workshop.aspx?ekey=93440011

Tuesday, December 3             https://clients.ohiosbdc.ohio.gov/workshop.aspx?ekey=93440012

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Loan Programs to Help Minority- and Women-Owned Businesses

Two new loan programs have launched to help minority- and women-owned businesses grow and boost the Ohio economy.

The new Women’s Business Enterprise Loan Program and Ohio Micro-Loan Program were both priority initiatives of the DeWine-Husted Administration included in the 2022-2023 operating budget.

• Women’s Business Enterprise Loan Program: These loans will be offered at or below market rate and currently are 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. Businesses must be 51% ownership and control by women or be certified as a Women-owned Business Enterprise (WBE).

• Ohio Micro-Loan Program: These loans will have a 0% interest rate. The minimum loan is $10,000 up to a maximum of $45,000. Loans will be repaid within five years for permanent working capital and seven years for equipment. Businesses must be certified as a Minority Business Enterprise (MBE) or a Women-owned Business Enterprise (WBE).

The loan programs will be administered by the Ohio Department of Development through the Minority Business Development Division. They join four other capital programs offered by Development’s Minority Division: the Ohio Minority Business Bonding Program, the Ohio Minority Business Direct Loan Program, the Collateral Enhancement Program, and the Ohio Capital Access Program.

Information about the loans, including program guidelines and fact sheets, can be found online at Minority.Ohio.Gov. To start the application process, click here.

Businesses also can reach out to a Minority Business Assistance Center near them for help with the application process and assistance with business planning, access to capital, and state business certifications. For more information about the MBAC network, visit MBAC.Development.Ohio.Gov.

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What is new hire reporting?

By law, all employers in Ohio must report ALL employees to the Ohio New Hire Reporting Center, including new hires, re-hires, temporary or seasonal hires, and independent contractors.

• Employer FEIN
• Employer name
• Employer payroll address
• Employer e-mail, phone, fax
• Employee social security number
• Employee name
• Employee address
• Date of hire (first day of work)

• Independent contractor’s name
• Independent contractor’s address
• Independent contractor’s Social Security (SSN) or Federal Tax Identification Number (FEIN)
• Date payment begins
• Length of time the independent contractor will be performing services for the employer

Why must I report?

Employers serve as key partners in ensuring stability for many children and families. New hire reporting speeds up the child support income withholding order process, expedites collection of child support from parents who have changed jobs, and quickly locates parents to help in establishing paternity and child support orders. New hire reporting helps children receive the support they need.

Who must report?

ALL employers doing business in Ohio must report all newly hired and returning employees. A new employee is considered any individual who is eligible for federal income tax withholding and provides a service to the employer. This includes part-time and temporary employees, and employees returning to work after a period of absence, such as seasonal employees.

An Independent Contractor is defined as “an individual who provides services to an employer as an independent contractor, for compensation that is reported as income other than wages, and who is an individual, the sole shareholder of a corporation, or the sole member of a limited liability company.”

What if I have employees in several states?

If you are a multi-state employer, you may choose to report your new hires electronically to one state. If you choose this option, you must provide written notification of your intent. Contact the Federal Office of Child Support Enforcement to register by visiting www.acf.dhhs.gov .

Reporting your new hires online is fast and simple and will ensure timely receipt of your new hire reports. Visit our website at www.oh-newhire.com to register.

Questions? Contact Us:

Ohio New Hire Reporting Center
P.O. Box 15309
Columbus, OH 43215-0309
www.oh-newhire.com
Phone: (888) 872-1490
Fax: (888) 872-1611