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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TB Reader Poll

Previous | Published May 22, 2015

When is the last time you attended one of the national tire industry trade shows, such as SEMA, ITEC or the North American Tire & Retread Expo?

I try and take in at least one show a year.
30%
I usually attend one every few years.
14%
There are so many tire maker and distributor meetings each year, I don’t see a need to attend one of the national shows.
12%
I don’t find value in these shows and haven’t been to one in years.
19%
I’d like to but I am too busy
25%