Governor's Office of Appalachia | Resources

Additional Programs
In addition to the programs offered through the Governor’s Office of Appalachia, other state programs are available to promote economic development in Ohio. These programs are not Appalachia specific, but Appalachian counties are given special consideration for many of these funding opportunities. Below is a list of loans, tax incentives, grants, and other programs available to individuals and businesses within Ohio.

Loans

166 Direct Loan

The 166 Direct Loan Program provides loans for land and building acquisition, expansion or renovation, and equipment purchase.

Guidelines: Click Here (pdf)

Innovation Ohio Loan Fund Program

The Innovation Ohio Loan Fund Program provides loans for acquisition, construction, and related costs of technology, facilities, and equipment purchase.

Guidelines: Click Here (pdf)

Ohio Capital Access Program

The 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, which is available to the lender for recovery of losses associated with any loan the lender has enrolled in the program.

Program Summary: Click Here

Ohio Enterprise Bond Fund

The Ohio Enterprise Bond Fund provides loans for land and building acquisition, construction, expansion or renovation, and equipment purchases for eligible businesses.

Guidelines: Click Here (pdf)

Minority Business Direct Loan Program

The 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.

Program Summary: Click Here

Minority Business Bonding Program

The 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.

Program Summary: Click Here

Regional 166 Direct Loan

The Regional 166 Direct Loan Program 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.

Guidelines: Click Here (pdf)

Research & Development Investment Loan Fund Program

The Research and Development Investment Loan Fund Program provides loans for research and development activities.

Guidelines:  Click Here (pdf)

Rural Industrial Park Loan

The Rural Industrial Park Loan Program provides direct loans and loan guarantees to rural, distressed local communities and other eligible applicants committed to creating well-planned industrial parks.

Guidelines: Click Here (pdf)

Urban Redevelopment Loan

The Urban Redevelopment Loan Program provides low-interest loans to municipalities or designated nonprofit economic development organizations to acquire real estate for assembly into developable parcels and to remediate any brownfield contamination site to encourage private business investment in distressed urban locations.

Guidelines: Click Here (pdf)

Volume Cap

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.

Guidelines: Click Here

Tax Incentives

Visit the Tax Incentives in Ohio webpage to learn more about available tax incentives in Ohio.