Ohio SBDC Helps Winery Dream Become a Reality

Aug 28, 2019 | News, Newsletter

Dan Bowerman
Ohio Development Services Agency

 

Kathleen and Andy Dangelo had a dream of bringing a bit of Napa Valley to Ohio, but they didn’t know how to make their dream a reality. They reached out to the Ohio Small Business Development Center at Lakeland Community College, and advisors helped them put together a business plan. That helped them land funding from banks, leading to the opening of Sapphire Creek Winery & Gardens in Chagrin Falls.

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 you need business advice, reach out to your local SBDC. To learn more, visit sbdc.development.ohio.gov.

To watch a video about Sapphire Creek Winery & Gardens, click here.

 

Ohio Ports Eligible for $23 Million in Development Funding

A new program  — the Ohio Maritime Assistance Program program — is providing funding to ports along the Ohio River and Lake Erie or businesses within ports.

The Program began accepting applications from ports in late January and will continue through March 27. The program is making available $11 million through June 30 and an additional $12 million for the 12 months ending June 30, 2021.

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Large TIFs may be eligible for one-time extension opportunity

During fall 2019, the General Assembly changed Ohio law governing tax increment financing (“TIF”) exemptions in a big way.  For certain TIF projects, local communities can extend the exemptions – and therefore continue to redirect property tax millage to necessary public infrastructure improvements – up to 30 additional years. 

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