$350K
per applicant
Loan
Below-market financing
Rolling
No fixed cutoff
Rolling
Apply when you're ready
Moderate
Underwriting required
Provides low-interest loans to Ohio companies conducting R&D activities that will lead to new products, processes, or technologies commercialized in Ohio. Supports manufacturing and technology firms.
Do I qualify?
Answer the questions below to get an instant self-assessment of your fit for this program. This is informational — final determinations are made by the administering agency.
1.Business must be an Ohio corporation or LLC
2.R&D project must be conducted substantially in Ohio
3.Loan: up to $350,000 at below-market rates
4.Project must result in commercialization in Ohio
5.Annual progress reporting and job creation documentation
DEED · Minnesota
Credit equal to 25% of investment in certified Minnesota startup companies, available to both individual and corporate investors. Certified businesses must be in technology, new proprietary products/processes, or meet other qualifying criteria. Annual statewide credit cap of $17 million.
ADOR · Arizona
State income tax credit for businesses conducting qualifying R&D activities in Arizona. Credit equals 24% of the first $2.5 million in qualifying expenses and 15% above that threshold, mirroring the federal R&D credit structure.
ODOD · Ohio
Refundable income tax credit for Ohio businesses creating at least 10 new jobs (25 for non-manufacturing) with an average hourly wage of at least 150% of the federal minimum wage. Credit is negotiated based on payroll, investment, and project impact.