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Through Ohio Treasury's Renew & Rebuild Ohio linked deposit program, small business owners, farmers, and homeowners affected by the floods and severe weather are now eligible to receive interest rate reductions on loans.

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Treasurer’s Office Receives Third “Clean” Annual Audit in Three Years
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ReEnergize Ohio

At the Ohio Treasury, we understand that small businesses play an important role in creating jobs for Ohioans.  The cost of energy to run a small business can be significant.  ReEnergize Ohio provides a possible money-saving tool for small businesses looking to make energy-efficient upgrades that can improve their energy performance.








   

What is ReEnergize Ohio? How does it work?

ReEnergize Ohio offers up to a 3% interest rate reduction on new or existing small business loans. Small Businesses may apply the interest rate reduction on up to $550,000 of a new or existing loan for four years. For more information on the application process and program requirements, please call 1-800-228-1102, option #3.

How Does ReEnergize Ohio support small businesses?
  • ReEnergize small businesses with the benefits of improved energy performance
  • Realize the savings of reduced energy costs and up to a 3% interest rate reduction on small business loans
  • Revive communities by improving facilities using local contractors
  • Rejuvenate small businesses by consolidating debt, improving facilities and lowering overall interest expenses and monthly payouts
  • Revitalize small businesses by using at least 50% of loan proceeds for energy-efficient facility modifications and equipment upgrades

What are the Benefits of ReEnergize Ohio?

The benefits of ReEnergize are three-fold:
  • It encourages economic growth by helping businesses improve their energy performance
  • Banks form critical partnerships with local businesses
  • The Treasury strategically invests a portion of its portfolio in local economies
Does my business qualify?

Small business owners must meet the following requirements:
  • MUST have headquarters in Ohio
  • MUST have less than 150 employees
  • MUST have a majority of employees be Ohio residents
  • MUST maintain offices and operating facilities exclusively in Ohio
  • MUST use at least 50% of the loan proceeds for qualifying energy-efficient upgrades; the other 50% can be used for other business expenses
  • MUST be able to save or create jobs in Ohio
What is the process?

Follow these simple steps to complete your application:
  • View a list of eligible banks (Please note: Only Depository Banks are eligible to participate in our Economic Development programs, but not all Banks offer these services.)
  • Apply for a small business loan at an eligible bank and establish an interest rate, or apply the ReEnergize Ohio reduction to  an existing loan at an eligible bank
  • Complete an easy ReEnergize Ohio application with your bank. Paper applications are also available by contacting 1-800-228-1102, option #3
  • Submit purchase receipts, firm quote, or contract from the contractor detailing improvements to be performed with the ReEnergize Ohio application
  • If approved, the Ohio Treasury deposits funds at an eligible bank in an interest bearing financial instrument
  • In turn, the bank uses the interest generated to provide the rate reduction

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Office Of Debt Mgmt

The Office of Debt Management plays an important role in the operation of state government: it oversees the borrowing of funds to assure it is completed in an efficient manner.
    

SaveNOW

SaveNOW, a program offered by the State Treasurer through our linked deposit authority, offers a 3% bonus interest on savings accounts for Ohio citizens.
    

Smart Money Choices

A free personal financial-planning conference series for all Ohioans presented by State Treasurer Josh Mandel, and supported by a variety of statewide and regional partners.
    

Top-Bottom Review 2011

Review Outlines Steps to Improve Operations, Safeguard Investments, Leverage Technology, Increase Transparency and Modernize Banking Practices
    

e-Funds Transfer

Electronic Funds Transfers makes tax payments easy. Entities that have received a notice from the Ohio Department of Taxation can register for electronic payment via the website.
    

Veteran's Preference

Veteran’s Preference provides veterans with priority to be accepted into the GrowNOW and Ag-LINK linked-deposit programs.
    

GrowNOW

A partnership between eligible banks and the Ohio Treasury, enables small business owners to receive a 3% interest rate reduction on small business loans for two years with the opportunity for renewal
    

Renew & Rebuild Ohio

Small business owners, farmers and homeowners are eligible to receive financial assistance to rebuild and recover following an emergency.
    

Ag-LINK

A program for farms to receive an interest rate reduction on new or existing loans or lines of credit up to $150,000. Applications are accepted on an annual basis from January through March.
    

CPIM

The Center for Public Investment Management (CPIM) provides continuing education to Ohio’s public funds managers and their oversight authorities.
    

CPIM Conference: Bowling

The CPIM (Center for Public Funds Managers) Academy allows public funds managers to increase their financial competencies in managing and safeguarding Ohio’s tax dollars.
    

CPIM Akron

The CPIM (Center for Public Funds Managers) Academy allows public funds managers to increase their financial competencies in managing and safeguarding Ohio’s tax dollars.
    

CPIM Dayton

The CPIM (Center for Public Funds Managers) Academy allows public funds managers to increase their financial competencies in managing and safeguarding Ohio’s tax dollars.
    

CPIM Columbus

The CPIM (Center for Public Funds Managers) Academy allows public funds managers to increase their financial competencies in managing and safeguarding Ohio’s tax dollars.
    

ECO-Link

A partnership between the State Treasurer and participating banks that provides a 3% interest rate reduction for 5 or 7 years on bank loans when completing energy-efficient upgrades to your home.