Fueling Growth With A JobsOhio Inclusion Grant
Jul 09, 2021
The JobsOhio Inclusion Grant program was established in 2020 with the goal of providing financial support for eligible projects in designated distressed communities and/or for businesses owned by underrepresented populations across the state, including minority, veteran, and women-owned businesses.
Locally, the Toledo Regional Growth Partnership and William Vaughan Company have assisted qualifying organizations in receiving upwards of $25,000 to help facilitate growth.
How do I qualify?
To qualify for the Inclusion Grant, a company must:
- Meet one of the 2 criteria – 1.) Be owned by an underrepresented population – which includes race, ethnicity, gender, veterans, and those with disabilities, or 2.) located in a qualified distressed community as defined by the Economic Innovation Group.
- Be a targeted industry including Advanced Manufacturing, Aerospace and Aviation, Automotive, Energy and Chemicals, Financial Services, Healthcare, Food and Agribusiness, Logistics and Distribution, Technology, Military, and Federal.
- Ineligible companies include retail or operations that include point-of-final-purchase transactions at a facility open to the public or other population-driven businesses that derive most of their sales from in-person delivery of services or products. For example, restaurants, hair salons, physician’s offices, retail stores, daycares, etc. For a full list of ineligible businesses, visit the JobsOhio website.
- Additionally, companies must have been in operation for at least one (1) year and be able to demonstrate $100,000 in annual revenues.
What can the grant fund be used for?
Funds may be put towards eligible costs including fixed-asset investment in machinery and equipment, real estate investments, and training costs, among other items including:
- Leasehold improvements
- Machinery and equipment
- Moving and relocation costs of machinery and equipment related to the project
- Site development
- Revitalization costs including demolition, renovation, and environmental remediation
- Fees and material costs related to planning and feasibility studies
- Engineering services
- Employee training costs
- Information technology including hardware and industry-specific software.
A full list of eligible costs can be found on the website noted below.
What should I do next?
Visit the JobsOhio Inclusion Grant Program website. Ensure you meet the criteria to be eligible. The Grant is reimbursement-based and requires supporting documentation including proof of payment.
Contact your William Vaughan Company representative or call our office number below to receive assistance in applying for this useful grant.
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