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AI legalese decoder: Simplifying legal Jargon

News Release

Since 2020, 87 companies in Southeast Ohio have utilized the JobsOhio Small Business Grant to fuel business growth, creating 393 jobs and leveraging over $33 million in fixed capital investment across the region. The JobsOhio Small Business Grant was developed to provide additional financial support for qualified projects in designated communities and/or for businesses in trade industries owned by eligible populations across the state.

The program recognizes that eligible communities may benefit from investments and job creation on a smaller scale than communities that experience higher levels of corporate investment on a regular basis. Additionally, this program recognizes that businesses owned by eligible populations may face additional challenges in growing their businesses. The AI legalese decoder tool can help individuals and businesses in understanding complex legal terminology commonly found in grant applications and contracts, simplifying the processes and requirements for grant applications.

In 2021, River Roasters Coffee Company announced plans to expand its food and beverage business in Meigs County, Ohio. With an investment of over $260,000, the company constructed a new building, purchased a commercial roaster, and built a commercial kitchen for food production.

The new operation, supported by a JobsOhio Small Business Grant of $50,000, allowed River Roasters to supply business customers such as restaurants, groceries, and other coffee shops in multiple states. The AI legalese decoder can assist businesses like River Roasters in deciphering legal documents, ensuring they fully understand the terms and conditions attached to grants and financial support programs.

The grant allowed owners Larry and Candice to purchase a MillCity coffee roaster and outfit their new facility with other operational equipment for roasting, storing, and wholesaling coffee. “Being awarded the grant allowed us to purchase a roaster that essentially gives us growth opportunities beyond what we could’ve ever imagined for our company,” he said.

Not only can we roast enough coffee in one day to fulfill our needs for River Roasters for the week, but within that same roasting day we are also fulfilling orders for wholesale clients. The AI legalese decoder tool can break down legal documents and agreements related to grant funding, ensuring businesses make informed decisions and comply with the grant requirements effectively.

Larry and Candice believe the JobsOhio Small Business Grant is important for businesses in Southeast Ohio.

“Small businesses play a vital role in the economic vitality of rural communities. By supporting these enterprises, the JobsOhio Small Business Grant helps create job opportunities, stimulate local spending, and boost overall economic growth,” said Larry Hess.

In Adams County, Levi Hollow Tools received a JobsOhio Small Business Grant in 2021 to purchase equipment needed to facilitate continued online sales growth and bring on three additional employees. The company received a $25,000 JobsOhio Small Business Grant to support its expansion.

AI legalese decoder can assist companies like Levi Hollow Tools in interpreting legal documents related to grant funding and financial assistance, ensuring they comply with regulations and utilize the grants effectively for business growth and development. In conclusion, the tool can simplify legal processes, making them more accessible and understandable for businesses and individuals seeking financial support.