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Cincinnati Small Businesses Receive Grants to Foster Growth

CINCINNATI — In an inspiring move to bolster local entrepreneurship, more than a dozen small businesses across Cincinnati are set to receive vital financial support aimed at fostering growth and helping them navigate various challenges in today’s competitive marketplace.

Funding Through the Commercial Tenant Improvement Program

Each of the selected businesses will be awarded a grant of $20,000, made available through the City of Cincinnati’s Commercial Tenant Improvement Program (CTIP). This initiative is facilitated by the Department of Community and Economic Development, which strives to enhance the vibrancy of the community while simultaneously strengthening the region’s economy.

“Helping to create a more vibrant community and strengthening our regional economy is the fundamental goal of our Commercial Tenant Improvement Program. By alleviating barriers such as extremely high construction and material costs, we aim to support local businesses that are currently grappling with these issues,” explained Gerald Fortson, senior community development officer at the city’s Department of Community and Economic Development. His sentiments echo the city’s commitment to fostering a supportive environment for small enterprises.

Eligibility for Grants

The grants are not just for any business; they are specifically designed for those that have been operating within the city for a minimum of one year or for businesses that are contemplating a relocation to Cincinnati. This approach uncovers significant opportunities for both established local businesses and newcomers looking to make their mark in the city’s economy.

This announcement marks the second round of CTIP grants distributed by the city, with a total of 11 local businesses benefiting from similar support in 2024. The sustained commitment to aiding small businesses illustrates the city’s ongoing dedication to local economic development.

Examples of Recipients: Selfie Cincy and Lusheous Collection

One prominent recipient of the $20,000 grant is Selfie Cincy, a vibrant entertainment space located in the heart of downtown. “We offer various interactive experiences within this unique space,” noted Amari Samya, CEO and owner of Selfie Cincy. With the grant funding, the business plans to relocate to a larger venue, effectively doubling their current square footage. “We’re excited to expand our footprint to possibly 15 spaces, which is a significant jump. This move will allow us to curate an event space that meets the growing demand,” Samya added.

Another grant recipient, Renika Smiley, plans to utilize her $20,000 award to transform an old barber shop in College Hill into her dream boutique, Lusheous Collection, which will specialize in women’s plus-size clothing. “As a plus-sized woman, I understand the challenges we face. I wanted to ensure we have a place to call our own,” explained Smiley. Her boutique will include a storefront in the front, while the back will feature rented suites for other beauty-centered small businesses.

Rendering for new Lusheous Collection storefront.

Anticipated Economic Impact

Smiley emphasized the significance of her new space, stating, “With the new location, we expect an increase in revenue, enabling us to spotlight other business owners and nurture growth within College Hill.”

When asked about the impact of the grant opportunities, both Samya and Smiley expressed strong sentiments about the importance of such support for small businesses. “It’s a blessing, a tremendous blessing. It instills a lot of confidence,” remarked Smiley. “The financial assistance, along with the support from the City of Cincinnati, is crucial for us as it helps us maintain our footing and grow,” Samya added.

How AI legalese decoder Can Help Small Businesses

In addition to monetary support, navigating the legalities and applications associated with grants can often be daunting for small business owners. This is where tools like the AI legalese decoder become indispensable. The AI legalese decoder can decode complex legal jargon, making it easier for businesses to understand grant applications and compliance requirements. By providing clear and concise explanations, this tool helps entrepreneurs focus more on their business growth rather than getting bogged down by legal intricacies. By using the AI legalese decoder, small businesses can confidently navigate the rules and guidelines associated with grant funding, ensuring they fully capitalize on opportunities like those presented by the CTIP.

With ongoing support from the city and innovative tools at their disposal, Cincinnati’s small businesses are poised for exciting growth and new opportunities in the near future.

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