The following are business resources that you may find useful. Please click on the links provided for more information on any program that may apply to your business or organization.
Ohio Incumbent Workforce Voucher Program
The program provides direct financial assistance to both Ohio workers looking to improve their skills and employers looking to enhance the skills of their workforce. The program is designed to offset a portion of the employer or employee’s costs for training and will provide reimbursement to eligible employers for specific costs accrued during training. Applications will be available for the program beginning January 7, 2013. Workers and companies can learn more about the program and apply for it by visiting www.OhioMeansJobs.com. You can also CLICK HERE for more information.
Jobs Ohio Program
JobsOhio is the hub for state-level business attraction, retention and expansion efforts. The Ohio Development Services Agency will be responsible for managing other development services and resources.
Cuyahoga County $100 Million Economic Development Fund
Cuyahoga County Council has approved a $100 million fund designed to build businesses and create jobs. The fund also awards loans to help companies develop technology, revitalize property and grow.
Regional 166 Direct Loan
Provides loans for land and building acquisition, construction, expansion or renovation, and equipment purchases for eligible businesses. Twelve local economic development agencies administer the program.
Innovation Ohio Loan Fund Program
Provides loans for acquisition, construction, and related costs of technology, facilities, and equipment purchase.
Ohio Capital Access Program
Encourages state chartered financial institutions to make loans to for-profit or nonprofit small businesses that are creating or retaining jobs by establishing a unique reserve account at lending institutions. The state, the lender, and the business each make a small contribution to the account. The reserve account is available to the lender for recovery of losses associated with any loan the lender has enrolled in the program.
Ohio Enterprise Bond Fund
Provides loans for land and building acquisition, construction, expansion or renovation, and equipment purchases for eligible businesses.
Minority Business Direct Loan Program
Provides fixed, low-interest rate loans to certified minority-owned businesses that are purchasing or improving fixed assets and creating or retaining jobs.
Minority Business Bonding Program
Provides bid, performance, and payment surety bonds to state certified minority-owned businesses that are unable to obtain bonding through standard surety companies.
Research & Development Investment Loan Fund Program
Provides loans commitment to Research and Development activities.
The Ohio Volume Cap Program provides a federal tax benefit by allowing eligible issuers to issue tax exempt Private Activity Bonds up to a state limit known as the “Volume Cap.” The State of Ohio’s allocation of Volume Cap is determined annually by the Internal Revenue Service on a per capita basis for eligible projects consisting of manufacturing, exempt facilities, multi-family housing, single-family housing, and student loan bonds.