"Innovation Ohio Loan Fund (IOF) "
Program Description
Created to assist existing Ohio companies develop next generation products and services within certain Targeted Industry Sectors by financing the acquisition, construction, and related costs of technology, facilities, and equipment. The Innovation Ohio Loan Fund (IOF) provides competitive financing terms on loans to finance projects that will positively impact Ohio by creating high-value jobs, increased tax revenues, and improve the economic welfare of the State while addressing an identified need in the capital-funding continuum. The IOF is intended to supply capital to Ohio enterprises having difficulty securing funds from conventional sources due to technical and commercial risk factors associated with the development of the new product or service. The IOF can finance up to 75 percent of a project's allowable costs to a maximum of $2 million and a minimum of $500,000.
Program Administrator
Allen, Tracy (
tracy.allen@development.ohio.gov )
Uploaded Files
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