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Ohio small biz program reaps Treasury Dept. funds

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WASHINGTON (April 18, 2014) — The U.S. Department of the Treasury has transferred nearly $18.2 million to Ohio to support the state’s three major small business lending programs.

The programs to be funded are Ohio’s Collateral Enhancement Program, Ohio Capital Access Program and Targeted Investment Program, according to Treasury. Ohio will use the funds to leverage greater levels of private lending and investing in small businesses located on Ohio, it said.

Treasury made the transfer of funds through its State Small Business Credit Initiative (SSBCI). President Barack Obama requested a $1.5 billion extension of SSBCI in his most recent budget request, according to the agency.

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Previous | Published July 14, 2016

Is the uncertainty swirling about the U.S. presidential election this fall having any effect on your business plans?

We've decided to put investments on hold.
8%
(7 votes)
We're not doing any hiring until the election's over.
7%
(6 votes)
It doesn't matter a bit. We're going full speed ahead.
34%
(30 votes)
We're taking a cautious approach and weighing every decision.
30%
(26 votes)
Is it too late to move to Canada?
15%
(13 votes)
I'm not planning to vote. It would be too painful.
7%
(6 votes)
Total votes: 88