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GrowNOW is a program provided by the State Treasurer's office for small business owners. Small businesses that can commit to creating or retaining jobs in Ohio can receive a two-year, 3% interest rate reduction on new or existing loans.

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I believe government should serve the people. Feel free to contact my office if you have any questions we can assist in answering.


What does the State Treasurer offer to help small businesses in Ohio?
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State Treasury Feed

Treasurer Josh Mandel Applauds Unanimous Passing of HB 46 by the Ohio House of Representatives Requiring Treasurer’s Office to Post State Spending Online
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Economic Development

The Economic Development Department has the ability to invest up to 12% of the state's investment portfolio in special projects that support job growth, promote financial stability, and assist the operations of Ohio's farmers.  To fund such programs, the Treasury places deposits with approved Ohio banks at reduced rates.  The state agrees to earn lower rates when participating banks partner with the Treasury to offer loans that promote economic development in Ohio.

Economic Development administers the following Treasury programs:


Small businesses seeking to create or retain jobs in Ohio can receive up to a 3% interest rate reduction on new or existing small business loans.


Ohio farmers can receive an interest rate reduction to help offset the upfront costs of their farming operations.


Homeowners can receive a 3% interest rate reduction on bank loans to finance energy efficient upgrades.


Ohioans can receive a 3% interest rate bonus on savings accounts and receive financial education newsletters.


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


Small businesses can receive up to a 3% interest rate reduction on new or existing small business loans when used for energy-efficient upgrades.

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