Ecotourism / Land Development

Ohio Department of Development

Contact: Joe Butvin
Work 77 S. High Street 26th Floor Columbus OH 43215 United States Work Phone: (614) 995-2292 Website: http://development.ohio.gov/Business/loans_grants.htm

Biography

The Department of Development promotes economic opportunities to improve the profits and prosperity of Ohio’s citizens. The Department acting in a support role provides financial, informational, and technical assistance to those making an investment in Ohio’s future. As a cabinet level agency, the Department oversees a full portfolio of programs including: business attraction and retention, small business growth, technology commercialization, export promotion, travel promotion, energy efficiency, affordable housing, community infrastructure, downtown revitalization and brownfield clean-up.

The Innovation Ohio Loan Fund addresses an identified need in the capital-funding continuum. The Innovation Ohio Loan Fund is intended to supply capital to Ohio companies having difficulty securing funds from conventional sources due to technical and commercial risk factors associated with the development of a new product or service. The Innovation Ohio Loan Fund can finance up to 75 percent of a project’s allowable costs to a maximum of $2 million and a minimum of $500,000.

The Innovation Ohio Loan Fund will target industry sectors involving the production or use of: Advanced Materials, Instruments, Controls and Electronics, Power and Propulsion, Biosciences, and Information Technology.

Eligible costs include the cost of acquisition, construction, renovation, expanding or improving project facilities, and the acquisition and installation of equipment for eligible innovation projects. Additionally, loan funds may assist with software development, and the cost of creating and protecting intellectual property including costs of securing appropriate patent, trademark, trade secret, trade dress, copyright or other forms of intellectual property protection for an eligible innovation project or related products or services.

Categories: $1M - $2M, $500,000 - $1M, Community Loan Fund, Debt, Ecotourism / Land Development, Energy: Any, First Outside Round, Follow-on, Industrial Technologies, Information Technology, Life Sciences, Materials, Project Finance, Project Finance, Seed, Transportation, US: Midwest, Water
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