Research and Development Investment Loan Fund
The Research and Development Investment Loan (R&D Loan) provides low-interest loans partnered with a tax credit to Ohio businesses that create research and development capabilities and high-wage jobs.
Businesses meeting the program requirements (i.e. job commitments, loan repayments, etc.) are also eligible for a loan repayment tax credit against their Ohio Commercial Activity Tax liability. The credits are equal to the amount of principal and interest repaid on the loan up to a maximum annual credit of $150,000. The credit is non-refundable and any unused credits may be carried forward until expended.
JobsOhio
Research and Development Investment Loan Fund
JobsOhio
41 S High St #1500
Columbus, OH 43215
Phone: (614) 321-1877Fax: (866) 727-7899
contact@jobsohio.com Research and Development Investment Loan FundCategory: OH State Incentives
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