Ohio SBDC Helps Couple Make Racetrack Dream Come True

Jul 24, 2019 | News, Newsletter

Dan Bowerman
Ohio Development Services Agency

 

 

John and Kelley Chapman had their first date at Turn 4 at Midvale Speedway in New Philadelphia, Ohio. Today, they own Midvale Speedway, and they credit the Ohio Small Business Development Center (SBDC) at Kent State Tuscarawas for making it happen.

The couple learned the track was for sale, and they were determined to buy it. When they approached a bank, however, they were turned down. The couple reached out to SBDC advisor Steve Schillig, who helped them put together information to request a loan, and with his help, they were approved just a few days later.

The no-cost counseling available from the SBDCs’ Certified Business Advisors can make a big difference. If you’re a small business owner planning to apply for a loan or need business advice, reach out to your local SBDC.

To learn more, visit https://development.ohio.gov/bs/bs_sbdc.htm. To watch a video about the Chapmans and Midvale Speedway, click on the video link.

Port Authority Celebrates Award-Winning SBDC Member

(Wilmington, Ohio) The Clinton County Port Authority is pleased to congratulate David Riggs, Director of the SBDC at Miami Regionals, for being named Ohio’s SBDC State Star in 2021.

America’s SBDC, the national association that represents the nationwide network of Small Business Development Centers (SBDCs), annually recognizes one outstanding SBDC employee from each of its 62 members. This outstanding employee exhibits exemplary performance, makes a significant contribution to their state or regional SBDC program, and shows a strong commitment to small business. Using a peer-based selection process, the Ohio SBDC network selected David Riggs for Ohio’s SBDC State Star.

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Tiffin Foundry and Machine to invest in new machinery and equipment

Tiffin Foundry and Machine has announced it will purchase new machinery and hire more staff with assistance from a $50,000 JobsOhio Inclusion Grant. Tiffin Foundry has eight employees in Tiffin, and has an additional operation in North Ridgeville, Ohio.

JobsOhio’s grant, secured with assistance from the Regional Growth Partnership, will support a planned $321,923 in machinery and equipment upgrades and three new jobs. In addition, Tiffin Foundry and Machine worked with Tiffin-Seneca Economic Partnership and OhioMeansJobs – Seneca County on other potential incentives to support the company’s growth.

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