Innovation Ohio Loan Program (Ohio)

From Open Energy Information

Last modified on February 12, 2015.

EZFeed Policy

Place Ohio

Applies to States or Provinces Ohio
Name Innovation Ohio Loan Program (Ohio)
Policy Category Financial Incentive
Policy Type Loan Program
Affected Technologies Biomass/Biogas, Coal with CCS, Concentrating Solar Power, Energy Storage, Fuel Cells, Geothermal Electric, Hydroelectric, Hydroelectric (Small), Natural Gas, Nuclear, Solar Photovoltaics, Wave Energy, Wind energy
Active Policy Yes
Implementing Sector State/Province

Program Administrator Ohio Department of Development
Primary Website

Last Review 2014-09-15

Information Source


Innovation Ohio Loan Program provides loans for acquisition, construction, and related costs of technology, facilities, and equipment purchase. The Ohio Department of Development’s (Development) IOF Loan is targeted at companies having difficulty securing funds from conventional sources due to technical and commercial risk factors associated with the development of a new product or service. The IOF Loan may finance up to 75% of allowable project costs with loans ranging in size from $500,000 to $1,500,000 and a term period of 4 to 7 years.

The Innovation Ohio Loan Fund targets industry sectors involving the production or use of: • Advanced Materials; • Instruments, Controls and Electronics; • Power and Propulsion; • Biosciences; and • Information Technology.

Policy Contact

Department Ohio Department of Development
Division Strategic Business Investment Division
Address 77 South High Street
Address 2 28th Floor
Place Columbus, Ohio
Zip/Postal Code 43216-1001
Phone (614) 466-5420

Department Ohio Department of Development
Division Office of Financial Incentives
Address 77 South High Street
Address 2 28th Floor
Place Columbus, Ohio
Zip/Postal Code 43215-6130
Phone (614) 455-4551
Phone 2 (800) 848-1300 ext. 64551
Fax (614) 644-1789

Authorities (Please contact the if there are any file problems.)

Authority 1: Ohio Revised Code Title 1 Ch. 166.16
Date Effective 2003-09-26