(Shared by Kimberly Roush, Program Assistant, Ohio Cooperative Development Center and Business Development Network, OSU South Centers)
The Ohio Cooperative Development Center (OCDC) at The Ohio State University South Centers is offering reimbursement seed grants to groups interested in exploring or growing a cooperative. Cooperatives are legal businesses that form when members of the group can do something better together than they can individually.
Seed Grants, up to $8,000 each, will be available to support projects for feasibility and formation activities as well as expansion or implementation activities.
Feasibility / Formation projects may include research and early planning, feasibility study, and formation services activities. Examples include legal and/or professional fees, focus groups, development of articles of incorporation, financial projections, and other work directed at exploring the feasibility and/or formation of a cooperative or cooperative-like business.
Implementation projects by existing cooperatives or member-controlled businesses may include projects to expand the cooperative into new markets and/or enterprises. Examples of eligible expenses include marketing and promotions, contract services, training and development, accounting systems, bylaw completion, and contractual document development.
Applicants should read the “Ineligible Uses of Grant Funds” section of this packet prior to completing the application.
The deadline to submit an application is Monday, December 12, 2016 by 4 p.m. All applications submitted prior to this date will be evaluated following the deadline.
Project activities may begin no earlier than Sunday, January 1, 2017, and must be completed prior to Friday, September 1, 2017. Proper documentation (paid receipts, paid invoices, copy of the work product, etc.) must be submitted to OCDC by 4 p.m. Monday, September 18, 2017 in order to receive reimbursement. Awardees must complete the project and provide proper documentation of the work completed and payment for this work in order to receive reimbursement. This is a reimbursement program and the project must be completed and proper documentation provided for reimbursement.
If your existing or emerging cooperative is interested in applying for this program, email Kimberly Roush at email@example.com, call 740-289-2071 x232, or go to http://go.osu.edu/ocdcseedgrant_2016 to access the RFP.
The Ohio Cooperative Development Center is supported by the United States Department of Agriculture and The Ohio State University South Centers.