State Incentives

Innovation Ohio Loan Fund

The Innovation Ohio Loan Fund (IOF Loan) promotes assistance to existing Ohio companies in developing next generation products and services within certain Targeted Industry Sectors.

The IOF Loan addresses an identified need in the capital-funding continuum. The IOF Loan is intended to provide capital to Ohio companies with limited access to capital and funds from conventional financing sources due to technical and commercial risk factors associated with the development of new products or services.

Contacts

JobsOhio

Innovation Ohio Loan Fund

JobsOhio

41 S High St #1500
Columbus, OH 43215

Phone: (614) 321-1877 Fax: (866) 727-7899

contact@jobsohio.com

https://www.jobsohio.com/why-ohio/incentives/state-loan-and-grant-programs/innovation-ohio-loan-fund/

Category: OH State Incentives

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The 166 Direct Loan gives eligible businesses loans for land and building acquisition, construction, expansion or renovation, and equipment purchases. The program provides low-interest loans up to 40 percent of the cost not to exceed $1.5 million. Learn More
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The Job Creation Tax Credit is a refundable and performance-based tax credit calculated as a percent of created payroll and applied toward the company's commercial activity tax liability. Should the amount of the credit exceed the company's commercial activity tax liability for any given year, the differenc... Learn More
The JobsOhio Economic Development Grant was created to promote economic development, business expansion, and job creation by providing funding for eligible projects in the State of Ohio. Learn More
The JobsOhio Growth Fund Loan provides capital for expansion projects to companies that have limited access to capital and funding from conventional, private sources of financing. JobsOhio will consider loans to companies that are in the growth, established or expansion stage, and that have generate... Learn More
The JobsOhio Inclusion Grant exists to provide financial support for eligible projects in designated distressed communities and/or for businesses owned by underrepresented populations across the state. Learn More
The JobsOhio Revitalization Program Loan and Grant Fund is designed to support the acceleration of redeveloping sites in Ohio. Primary focus will be placed on projects where the cost of the redevelopment and remediation is more than the value of the land and a site cannot b... Learn More
The JobsOhio Workforce Grant was created to promote economic development, business expansion, and job creation by providing funding for the improvement of worker skills and abilities in the State of Ohio. Grant decisions are based on a number of project factors, including but not limited to job creation... Learn More
The Ohio Enterprise Bond Fund (OEBF Loan), rated AA+ by Standard & Poor’s, promotes economic development, business expansion and job creation by providing financial assistance for allowable costs of eligible projects in the State of Ohio. The Ohio Treasurer issues bonds, the proceeds of which are loane... Learn More
The JobsOhio Research & Development (R&D) Center Grant program was created to facilitate new strategic corporate R&D centers in Ohio. Such R&D Centers will support the development and commercialization of emerging technologies and/or products that align with one or more of JobsOhio’s targeted industries (Advanced Manufacturing, Aerospac... Learn More
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Roadwork Development (629) Funds are available for public roadway improvements, including engineering and design costs. Funds are accessible for projects that create or retain jobs and primarily involve manufacturing, technology, research and development, corporate headquarters and distribution activity. Grants are provided to a local jurisdiction an... Learn More
JobsOhio’s Talent Acquisition Services (TAS) program was created to connect the right company with the right talent through the development of customizable and sustainable talent attraction and acquisition strategies. The TAS program supplements a company’s existing talent attraction and acquisition efforts by serving as a... Learn More
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