Ohio Business Grants
Roadwork Development (629) Funds
- Available for public roadway improvements, including engineering and design costs in projects primarily involving manufacturing, research and development, high technology, corporate headquarters and distribution activity.
- Ohio business Grants are usually provided to the local jurisdiction and require local participation.
Industrial Site Improvement Fund
- Assists geographically and/or economically disadvantaged counties around Ohio in the expansion and modernization of buildings, remediation of environmentally contaminated property and completion of other infrastructure improvements at sites used primarily for commercial or industrial activities.
Ohio Job Ready Sites Grant Program
- Created to bolster inventory of available facility locations served by utility and transportation infrastructure.
- Sites improved under the program are kept at and ready for future business prospects seeking locations for new or expanded operations.
- The state of Ohio will sell $150 million in bonds during a seven-year period to fund the availability of Job Ready Sites Program grant awards.
- Ohio business grants may be used to offset costs traditionally incurred in industrial and commercial site development, from acquisition of real property to utility upgrades to construction build-out of speculative facilities.
Ohio Advanced Energy Fund
- Created to connect companies and communities with financial and technical resources to deploy energy efficiency and renewable energy technologies, and to support advanced energy economic development.
Rapid Outreach Grants
- Funds for on- or off-site infrastructure improvements, including water, sewer, road and rail improvements.
- Given to companies primarily engaged in manufacturing, research and development, high technology, corporate headquarters and distribution.
Innovation Ohio Loan Fund
- Supplies 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.
- Finance up to 75 percent of a project's allowable costs to a maximum of $2 million and a minimum of $500,000
Ohio Technology Investment Tax Credit
- Enables Ohio taxpayers who invest in small, research and development and technology-oriented Ohio-based firms to reduce their state taxes by 25 percent of the amount invested.
- Since 1996, over 340 companies have been approved and private investment is at $82 million.
- The company and the investor must be approved before the investment is made and the company cannot currently have more than $2.5 million in revenues or net book value.
- Eligible companies may receive up to $1.5 million in investments.
Small Business Innovation Research (SBIR I and II)
- These Ohio business grants provide federal funding to small, high technology businesses to perform research and development projects that meet federal agency mission needs.
- Grants issued in the first phase are approximately $100,000 and then $750,000 in the second phase.
Ohio Research Commercialization Grant Program
- Technologies previously validated by the Small Business Innovation Research (SBIR), Small Business Technology Transfer (STTR), and Advanced Technology Program (ATP) are eligible for up to $350,000 in technology grant funding.
Return to Columbus Regional Overview