Quick Reference  |  Summary

Ohio Enterprise Bond Fund Servicing

Purpose

The Ohio Enterprise Bond Fund Program (OEBF) promotes economic development, business expansion, and job creation and retention by providing financial assistance to Ohio businesses for allowable costs of eligible projects in the State of Ohio.

The Ohio Treasurer issues bonds, the proceeds of which are loaned to businesses for allowable costs of eligible projects.

Program

The OEBF provides long-term, fixed-rate project financing to developed companies with limited access to funding at costs comparable to those of rated multi-national corporations.

For Whom

Eligible borrowers include corporations, partnerships, sole proprietorships, limited liability companies or limited liability partnerships engaged in the creation or retention of jobs in industrial, commerce, manufacturing, distribution or research and development activities in targeted industries.

Priority may be given to eligible projects based on job creation and payroll commitments, fixed-asset investment commitment, project return on investment, project location, and other project factors.

Retail projects and refinancing are ineligible for the program.

Program Contact

JobsOhio and the JobsOhio Network, the state's economic development organization, are responsible for the marketing, initial company contact, and company application process through loan approval. Companies interested in finding out more about the program or discussing a potential project that may qualify for the OEBF Program should click here to be directed to JobsOhio’s webpage.

The approved loans are managed by the Ohio Development Services Agency. Its responsibilities include involvement in the loan closing process, disbursement of funds, collection of repayments, upholding the terms and conditions of the loan agreement, reviewing annual job reports, drafting loan agreement amendments, and providing technical support to existing borrowers.

Existing OEBF Inquiries: Financial Incentives, (614) 387-2117 or financialincentives@development.ohio.gov

How Much

The OEBF Loan program may finance a minimum of $500,000 up to 75 percent of total allowable project costs.