The State of Ohio offers several incentives to companies that are building a facility or purchasing equipment. Such programs include:

• 166 Direct Loan offers direct loan financing is available to help finance new building construction, building acquisition, plus machinery and equipment purchases.
• Ohio Enterprise Bond Fund provides fixed rate, long-term capital asset financing. Rates are set based on the type of bond issued. Lending terms are between 7 to 10 years for equipment and 15 to 20 years for real estate. Up to $10 million in financing is available annually through this program.
• Research & Development Investment Loan Fund offers loan financing of between $1 million and $25 million for research and development focused projects. As well, companies receive a dollar-for-dollar, nonrefundable Ohio commercial activity tax credit for all project related incurred principal and interest expenses.

Ohio is one of many States that offer these and similar funding programs.