Ohio Business Incentives
166 Loan – State loan program. Both Direct Loans and Regional Loans are available. This loan fund requires the creation of one job for every $15,000 received. Ohio prevailing wage rate applies.
State of Ohio Minority Direct Loan – Loans for improvement or purchase of fixed assets for state certified minority-owned businesses. Covers up to 40% of total project costs. 4.5% fixed up to 15 years. Equity required.
Innovation Ohio Loan Fund – New state program to assist existing companies in pursuing viable business opportunities in high wage, high growth industries. Can finance up to 75% of costs, $250,000 to $5 million for 4 to 7 years at anywhere from prime plus 2% to prime plus 4%.
Additional Statewide Business Incentives
Note: The availability and type of State of Ohio business incentives are subject to change by the Ohio Department of Development.