Office of Business Opportunities
Looking to access capital for your business? Look no further....
Mayor's Access to Capital Resources...a financial resource for businesses in the Midlands
Small businesses drive the U.S. economy by providing jobs for over half
of the nation's private workforce. Yet small businesses also face many obstacles that stall or prevent their growth and development, including access to capital, effective marketing strategies, adequate accounting systems, and comprehensive business plans.
An opportunity is a chance for advancement and progress. The Office of Business "Opportunities" (OBO) uses several economic development tools to provide creative business opportunities to address many of the obstacles that face small businesses.
Check our Record
The OBO's return on investment to the City of Columbia cannot be rivaled. During 2015-2017, the Facade Improvement Program for the Two Notch Road Corridor leveraged $214,750 in federal dollars and local funding to attract $60,650 in matching private investment. This public-private collaboration allowed the completion of 16 forgivable loan projects and 2 forgivable grant projects. These Facade Improvement Projects help revitalize this gateway corridor leading into Columbia's downtown.
In FY 2014/2015, the Commercial Revolving Loan Fund leveraged $742,500 in public dollars to attract $2,563,120 in private investment, creating and retaining 29 jobs. Over 70% of these funds went to women-owned businesses and 25% went to minority-owned businesses.
Contact Office of Business Opportunities at 803.545.3950
Photographs by Stuart Miles and chainat; Courtesy of FreeDigitalPhotos.net