• Skip to primary navigation
  • Skip to main content
  • Skip to footer
(216) 592-2332
  • Facebook
  • LinkedIn
  • Twitter
Small business loan resources in ohio

Growth Capital

Our dream is to approve yours.

  • COVID-19 Resources
  • About Us
  • Programs
    • Ohio Regional 166
    • SBA 504 Loan Program
    • Community Advantage
  • Community
    • Events
    • Event Photo Gallery
  • Small Business Resources
  • Contact Us

New benchmarking report shows status of Ohio minority, women business owners

One report recently charted the growth of women and minority-owned businesses over several years.

You are here: Home / Small Business Tips / New benchmarking report shows status of Ohio minority, women business owners

December 1, 2016 by boardmember1 Leave a Comment

There are some signs that Ohio may still be a good place for women and minority business owners to be, according to the Columbus Foundation’s Benchmarking Central Ohio 2016 report.

Using several different criteria and metrics, the source collated details about cities across the country, including three in the Buckeye State: Cincinnati, Cleveland and Columbus. The Cincinnati metro area also included counties in two other states, Kentucky and Indiana.

Looking back on the previous years of the report, this edition showed a definite upward swing in the percentage of minority-owned businesses in Columbus- from 1997, when they made up 7.9 percent, on to 2012, when the number reached 19 percent. That year, Cleveland placed highest of the three Ohio cities for its number of minority-owned establishments, with a combined total of 39,316 businesses.

alttextCincinnati was one of three Ohio cities included in a recent report on business statistics.

Women-owned businesses also did well during this time frame, going from 30.8 percent of the local 2007 business population in Columbus 2007 to 36.6 percent just five years later. By then, Columbus placed highest among the three Ohio cities, with 59,239 such businesses to its name. It also placed in the top metro areas listed.

Last year, Columbus Business First released a ranking of the 25 women-owned businesses in Central Ohio. The list included Kokosing Inc., which earned a revenue of nearly $927.7 million in 2014 with 651 employees in the Central Ohio region.

While some of these statistics may be encouraging, reliable access to capital is what will truly make a difference to entrepreneurs. Growth Capital can help owners take part in the Community Advantage program, among others, for the commercial lending they need. It could be a simple way to get financial assistance for major business changes. Sign up for our mailing list to learn more today.

Small Business Tips Cincinnati,  cleveland,  columbus,  female business owner,  female entrepreneur,  minority business,  minority business owner,  ohio,  Ohio small businesses,  women in business

Reader Interactions

Leave a Reply Cancel reply

You must be logged in to post a comment.

Let’s work together

Get in touch with us and send some basic info about your project.

Contact Us Today!

Footer

Social

Follow along on social media.

  • Facebook
  • LinkedIn
  • Twitter

Contact

IMG Center
1360 East Ninth Street, Suite 950
Cleveland, Ohio 44114
Get directions
(216) 592-2332
Contact

Navigation

  • Have A Loan?
  • Small Business Loan Programs
  • Loan Calculator
  • Community
  • Small Business Resources
  • Annual Reports
  • Blog
  • Our History
  • Events
  • Contact Us

Newsletter

Stay up to date by subscribing to our newsletter.

© Copyright Growth Capital Corp · All Rights Reserved · Website designed by Jennasis & Associates