Business Services Division | Targeted Investment Program (TIP) Summary

The Ohio Department of Development has identified the need for a flexible investment program that can strategically support growth and expansion of targeted small businesses within Ohio's manufacturing, production, and logistics value chains. In response to this need the Ohio Department of Development has created the Targeted Investment Program.

The TIP will allow the Ohio Department of Development to directly invest in targeted small businesses that have received first or second round equity investments, are active within an existing value chain, and are pursuing new high economic value activities. The program aims to increase the success of small businesses, with emphasis on woman- and minority-owned small businesses, by investing in 15 to 20 companies which will support the creation or retention of 250 jobs and gain a 4:1 direct leverage on funds invested.

Eligible businesses include those with as few as five and no more than 250 employees and revenues as low as $1 million and no greater than $10 million. Firms involved in real estate investment, speculative activities, lending or leasing activities, pyramid sales, illegal activities, gambling activities, charitable institutions, religious institutions, consumer and marketing cooperatives, and other nonprofits are not eligible.

The Targeted Investment Program is managed by the staff of the Office of Technology Investments within the Ohio Department of Development.

Small businesses should apply directly to the Technology and Innovation Division.

Program Information

Targeted Investment Program Fact Sheet  (pdf)
Targeted Investment Program Presentation  (Coming Soon!)

Forms

Targeted Investment Program Application (Coming Soon!)

Contact Us
Office of Technology Investments
Ohio Department of Development
77 South High Street, 24th Floor
Columbus, Ohio 43215-6108
(614) 644-7708