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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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Treasurer Josh Mandel Announces Launch of the Miami University Checkbook on
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Akron Beacon Journal: State program helps keep manufacturing jobs in Akron

By Dave Scott 
Beacon Journal staff writer
October 19, 2011 

Like many companies, Ohio Gasket and Shim was facing lean times in 2008 but needed money to expand.

Owners Tom and John Bader didn’t know where to turn for the $500,000 to purchase the laser cutter to make them competitive.

“I looked in my pocket, Tom looked in his and we came up with $23,” John Bader said in a meeting Tuesday with Ohio Treasurer Josh Mandel.

Mandel and Huntington Bank officials were in Akron to highlight a state program that helped the 82-employee company, part of OGS Industries, get the loan it needed for a Trumpf TruLaser 2030.

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