Information about these programs is provided by the Ohio Department of Development.
Loans
Research & Development Investment Loan Fund
Research & Development Investment Loan Fund provides loan financing of between $1 million and $5 million for projects primarily engaging in research and development activity. Rates are fixed (at or below market rates) with terms similar to those of commercial bank financing. Companies receive a dollar-for-dollar, non-refundable Ohio commercial activity tax credit for all principal and interest payments during the year. Guidelines of this fund are available via
PDF.
Ohio Enterprise Bond Fund
Ohio Enterprise Bond Fund provides revenue bond financing through this S&P AA- (double A-minus) rated fund, whereby proceeds from the sale of bonds is loaned to companies for fixed rate, long-term capital asset financing. Rates are fixed depending on the type of bond issued, with terms between seven to ten years for equipment and 15 to 20 years for real estate. Up to $10 million in financing is available through this program. Guidelines of this program are availble via
PDF.
Rural Industrial Park Loan
Rural Industrial Park Loan provides direct loans to rural, distressed local communities and applicants committed to creating well-planned industrial parks. The Rural Industrial Park Loan program was created to provide direct loans to local communities and applicants committed to creating well-planned industrial parks. Information about this program can be found by viewing the
PDF.
Innovation Ohio Loan Fund
Rural Industrial Park Loan provides direct loans to rural, distressed local communities and applicants committed to creating well-planned industrial parks. The Rural Industrial Park Loan program was created to provide direct loans to local communities and applicants committed to creating well-planned industrial parks. For more information about this loan, visit the
Ohio Department of Development website.
166 Direct Loan Program.pdf
DOE Federal Loan Guarantees.pdf
Grants
Industrial Site Improvement Fund
Industrial Site Improvement Fund assists geographically and/or economically disadvantaged counties around Ohio in the expansion and modernization of buildings, remediation of environmentally contaminated property, and completion of other infrastructure improvements at sites used primarily for commercial or industrial activities. For more information about this program visit the
Ohio Department of Development website.
Ohio Job Ready Sites Program
Ohio Job Ready Sites Program was created to bolster our state’s inventory of available facility locations served by utility and transportation infrastructure. Sites improved under the program are kept at and ready for future business prospects seeking locations for new or expanded operations. The State of Ohio will sell $150 million in bonds during a seven-year period to fund the availability of Job Ready Sites Program grant awards. The grants may be used to offset costs traditionally incurred in industrial and commercial site development, from acquisition of real property to utility upgrades to construction build-out of speculative facilities. For more information about this program visit the
Ohio Deparment of Development website.
Ohio Advanced Energy Fund
The Ohio Energy Office administers the Ohio Advanced Energy Fund to connect companies and communities with financial and technical resources to deploy energy efficiency and renewable energy technologies, and to support advanced energy economic development. For more information about this program visit the
Ohio Deparment of Development website.
Alternative Fuel Transportation Grant
The Alternative Fuel Transportation Grant improves air quality through grants to businesses, nonprofit organizations, school systems or local governments for the purchase and installation of alternative fuel refueling, blending, or distribution facilities and terminals. Current incentives are focused on retail fuel distributors and school systems. For the guidelines of this program please view the
PDF.
Rapid Outreach
Rapid Outreach funds are used for on- or off-site infrastructure improvements, including water, sewer, road, and rail improvements. These funds are given to companies primarily engaged in manufacturing, research and development, high technology, corporate headquarters, and distribution. Given the demand for limited grant funds, qualified projects must involve substantial job creation or retention, and all other public and private sources of financing must be considered before the availability of Rapid Outreach funding is determined. For more information about this program visit the
Ohio Deparment of Development website.
Ohio Third Frontier
Ohio Third Frontier is a $1.6 billion initiative to expand Ohio’s high-tech research capabilities and promote innovation and company formation, which in turn will create high-paying jobs for generations to come. For more information on the programs offered by
Ohio Third Frontier visit the Ohio Department of Development website.
Ohio’s Thomas Edison Program
Ohio’s Thomas Edison Program fosters the advancement of applied research and development with the long-term objective of increasing the competitiveness of existing Ohio companies and encouraging the start-up of new Ohio firms on the leading edge of technology. For information about the possiblities available through this program visit the
Ohio Department of Development website.
Ohio Venture Capital Authority
Ohio Venture Capital Authority seeks to drive entrepreneurial growth, job creation, and economic prosperity in Ohio by creating a “fund of funds” portfolio of seed and early stage capital investments. The Ohio Venture Capital Authority includes 17 funds resulting in almost $100 million in investments to Ohio companies. For more information about this program visit the
Ohio Deparment of Development website.
National Science Foundation Phase 2.pdf
Dept of Energy SBIR Phase 2.pdf
3rd Frontier Fuel Cell Program 2009.pdf
Dept of Energy SBIR Phase 1.pdf
National Science Foundation Phase 1.pdf
ODOD - Manufacturing Energy Efficiency Incentives.pdf
ODOD Renewable Energy Program.pdf
ODOD Distributed Energy Resources.pdf
3rd Frontier Advanced Energy Program 2009.pdf