StateSubsidies
Back to all incentives
LoanOhioActiveVerified

Ohio Innovation Ohio Loan Fund

Ohio Development Services Agency (ODSA)OH-INNOVRefreshed 13 days ago
Do I qualify?
Who can apply

Businesses

Government-funded

Max funding

$1.5M

per applicant

Type

Loan

Below-market financing

Deadline

Rolling

No fixed cutoff

Timing

Rolling

Apply when you're ready

Complexity

Moderate

Underwriting required

About This Program

Provides low-interest loans to Ohio technology companies for product development and commercialization. Targets early-stage and growth companies in advanced manufacturing, biotech, and software.

Key Requirements & Eligibility

  • 1Ohio-based technology company with demonstrated innovation
  • 2Loan: $500,000–$1.5 million at competitive rates
  • 3Project must create Ohio jobs and increase state tax base
  • 4Management team experience and business plan required
  • 5Annual reporting; restrictions on use of funds for existing debt

Do I qualify?

Answer the questions below for a rules-based self-assessment of your fit for this program. This is informational — final determinations are made by the administering agency.

0 of 5 answered

1.Ohio-based technology company with demonstrated innovation

2.Loan: $500,000–$1.5 million at competitive rates

3.Project must create Ohio jobs and increase state tax base

4.Management team experience and business plan required

5.Annual reporting; restrictions on use of funds for existing debt

Related Programs

Tax CreditStateVerifiedPrivate business

Colorado Enterprise Zone Investment Tax Credit

OEDIT · Colorado

3% state income tax credit for businesses investing in business personal property in Colorado's 16 Enterprise Zones, which cover the state's most economically distressed rural and urban areas. Stacks with other CO Enterprise Zone credits for wage, research, and job training.

ManufacturingAgricultureTechnology+1

via oedit.colorado.gov · MEDIUM

Details
Tax CreditStateVerifiedPrivate business

Kentucky Business Investment (KBI) Program Tax Credit

KCED · Kentucky

Provides income tax credits and wage assessments to encourage new and expanding businesses to locate in Kentucky. Credits are tied to job creation and capital investment commitments over a 15-year term.

ManufacturingTechnologyFinancial Services+1

via ced.ky.gov · MEDIUM

Details
Tax CreditStateVerifiedPrivate business

Utah REDI — Rural Economic Development Initiative

Utah OEO · Utah

30% state income tax credit on new employee wages for businesses creating 5+ jobs in rural Utah Economic Opportunity Zones. Meaningful incentive to locate outside Salt Lake's urban corridor, with a 5-year credit period.

ManufacturingTechnologyAgriculture+1

via business.utah.gov · MEDIUM

Details
Official Source