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Ohio has $10M loan fund for women-owned businesses in budget

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COLUMBUS, Ohio — For the first time ever, Ohio has a $10 million loan fund dedicated to women-owned businesses in its operating budget.

Gov. Mike DeWine signed the budget earlier this summer.

The fund was made possible by the efforts of the Ohio Women’s Coalition. Its a non-profit organization that works towards improving the economic condition of women throughout the state of Ohio through advocacy with state legislators and corporate entities.

Tiffany L. Hollinger is the chair for the OWC. She said they saw women and minority owned businesses in Ohio needed help during the pandemic.

“So a group of women, we got together and thought ‘how can we really help to advance that mission?’ The governor and his department heard us, they heard us loud and clear,” said Hollinger.

This summer, when DeWine signed the state’s operating budget, included was the $10 million dollar women-owned business loan fund, and a matching fund for microenterprise minority…

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