small business

A photo of the blimp
AKRONITE

An Akron business owner is optimistic about the potential impact of a new app being launched by the city to support local businesses.  Called the Akronite, the app aims to increase community engagement and connect residents with local retailers. It incentivizes “Akronites” to shop locally with a rewards system that features a blimp.

Jill Vedaa
Burklehagen

Jill Vedaa and Jessica Parkison have co-owned small plates restaurant Salt in Lakewood for four years. Vedaa is a two-time James Beard Award finalist, and combined they have about 50 years of experience in the industry.

After weathering Ohio’s shutdown order in March by offering family-style takeout, they delayed re-opening until June 1 as an extra precaution. Last week came a Facebook post announcing the business was temporarily closing after several employees were exposed to COVID-19.

Help covering rent and mortgage payments is coming to small businesses in Mentor under a new grant program designed to help reopen the local economy.

The Mentor Small Business Restart Program is focusing on small, local storefronts that had no opportunity to collect revenue during the shutdown, said Mentor’s Director of Economic Development and International Trade Kevin Malecek.

A photo of Sen. Rob Portman.
/ U.S. SENATE

Congress is working on the next stimulus package to help the economy weather the coronavirus pandemic. One of the largest pieces of the package is expansion of the Paycheck Protection Program, a small business loan service that ran out of money last week.

A photo of Ohio Gov. Mike DeWine
KAREN KASLER / STATEHOUSE NEWS BUREAU

Gov. Mike DeWine said he wants lawmakers to erase a change made to a small business tax deduction that allows many sole proprietorships, partnerships and other small operations to take the first quarter million dollars of their income tax free. DeWine spoke about it before the National Federation of Independent Business Ohio.

guitar effects pedal
EarthQuaker Devices

An Akron-based small business received an award from the Small Business Administration Monday.

Pedal devices can help bands like Akron-based Relaxer create guitar effects. Relaxer band member Jamie Stillman started making pedal devices in his Akron basement 15 years ago.

photo of Larry Householder
KAREN KASLER / STATEHOUSE NEWS BUREAU

The House version of the budget comes out Thursday, and it’ll include a change to a controversial deduction that allows some small businesses to take up to a quarter of a million dollars in income tax-free. 

Speaker Larry Householder said he wants to take that small business tax deduction from the first $250,000 in income down to $100,000 – which he said still provides incentives for small businesses to reinvest.

photo of Renard Turner, Mary Ellen Turner
KABIR BHATIA / WKSU

Two events in Akron over the weekend helped kick off the holiday shopping season by focusing on small businesses.

Small Business Saturday is a national event encouraging people to check out shops in their communities. In Akron, the day started with Northside Marketplace hosting Crafty Mart -- featuring local artisans with handmade goods – on one floor.

photo of Ohio Statehouse
KAREN KASLER / STATEHOUSE NEWS BUREAU

Lawmakers are thinking about overriding Gov. John Kasich’s veto of a bill that aims to cut down on business regulation. Small businesses worry about what this could mean for future regulatory action.

The bill Kasich vetoed, SB 221, would give the state’s rulemaking committee, known as Joint Committee on Agency Rule Review, more authority to disqualify rules or review them after they go into effect.

Richard Cordray
WIKIMEDIA

The Democratic nominee for Ohio governor, Richard Cordray, toured a manufacturing site in Cleveland Tuesday. The former federal consumer watchdog talked about small-business policy.

Cordray met with business leaders for a closed-to-press session at Magnet, a manufacturing incubator that receives state and federal funding.  His campaign proposes helping small businesses with permits and low-interest loans. 

photo of The Cover of the report on microbusinesses from the Federal Reserve Bank of Cleveland
THE FEDERAL RESERVE BANK OF CLEVELAND / THE FEDERAL RESERVE BANK OF CLEVELAND

New business startup rates in Ohio and across the U.S. remain low despite a growing economy. The latest study from the Federal Reserve Bank of Cleveland offers one explanation for the trend. 

photo of Gov. John Kasich
JO INGLES / STATEHOUSE NEWS BUREAU

An income tax break for Ohio’s small businesses in recent years is under fire from Democrats and some Republicans. They say the current budget situation shows it’s time to end that tax cut. Gov. John Kasich is firmly rejecting those suggestions.

photo of Akron Urban League
AKRON URBAN LEAGUE/TWITTER

The Akron Urban League has renewed a partnership that will allow it to continue helping minority-owned small businesses in the area.

The Ohio Development Services Agency has again named the group as one of seven partners in its Minority Business Assistance Center program.

The assistance centers help minority businesses get state benefits, and provide business training.

photo of Microbusiness Center
KABIR BHATIA / WKSU

Entrepreneurs in Akron now have a new space downtown from which to launch a new business.

The Akron-Summit County Public Library is now home to the Microbusiness Center, a shared work space that can be used for free and includes office equipment and Wi-Fi.

Funded by a $190,000 Knight Foundation grant, the center is in the first-floor space in the Main Library previously used by the Library Shop, which has moved to the second floor.