News

What's Your Question? 

   

   



Answer

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.

Thank you for your question.

X

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

RECENT QUESTION

What does the State Treasurer offer to help small businesses in Ohio?
See Answer »

State Treasury Feed

Show:
Treasurer Josh Mandel Applauds Unanimous Passing of HB 46 by the Ohio House of Representatives Requiring Treasurer’s Office to Post State Spending Online
content containter top

9/10/2012

WDTN: STAR Plus offers safe return on tax $

Greene Co. treasurer applauds program
Monday, 10 Sep 2012
Pam Elliot

XENIA, Ohio (WDTN) - Local governments, schools, and libraries are looking for any return on your tax dollars since there are fewer dollars to go around.  Since they can't afford risky investments, this year entities like Greene County are taking advantage of a new program that strives to keep Ohio public funds in Ohio community banks.

It's called STAR Plus and it's made possible through stage legislation that had bi-partisan support.  The program is endorsed by State Treasurer Josh Mandel who visited Greene County's treasurer's office Monday morning.  Mandel and Dick Gould agree everyone wins with STAR Plus.

The program works like a certificate of deposit, but governments can take out money weekly as needed without penalty. 

Right now Greene County has $15 million invested at an interest rate of .25%.  That might not seem like much but there is virtually no risk because there is FDIC protection.

Gould said, "The fact that this program will allow us to generate better yield with the safety of FDIC insurance shoots STAR Plus to the top of attractive investment options for our country."

Visit WDTN Story
content container bottom