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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’s Office Receives Third “Clean” Annual Audit in Three Years
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3/6/2012

Victims of Tornados and Severe Weather in Southern Ohio Eligible for Reduced Interest Rates through Renew & Rebuild Program

COLUMBUS - Residents in Southern Ohio impacted by tornados and severe weather last week could be eligible for emergency disaster assistance in the form of reduced interest rates on loans under Ohio Treasurer Josh Mandel's Renew Ohio & Rebuild Ohio Programs.  While cities in Clermont County were some of the hardest hit following the tornados, small businesses and homeowners from throughout the state could be eligible to apply for reduced interest rates on construction, restoration, or cash flow loans through the Treasurer's office for damage and hardship resulting from severe weather.
 
"Many Ohioans in Clermont County and throughout Southern Ohio were devastated by recent tornados and severe weather, and I am deeply saddened for the families and neighborhoods ravaged by this natural disaster.  As homeowners and businesses look to rebuild and recover from damage and loss, the Renew Ohio & Rebuild Ohio linked deposit programs may be able to offer assistance in lowering interest rates on loans," said Treasurer Mandel. "These programs help lower interest rates and are offered to victims of severe weather, and can be used by businesses or farmers for construction or to improve cash flow, or by individuals to finance the restoration of their homes."  
 
Last June, Treasurer Mandel made $25 million available through the Ohio Treasury's Renew Ohio & Rebuild Ohio emergency financing programs to assist Ohioans whose small businesses, farms and homes were damaged by flooding and severe weather.  This linked deposit program targets small business owners, farmers and homeowners affected by severe weather who might be eligible to receive interest rate reductions on loans in order to rebuild and recover from damage or loss. These reduced rate loans are now being made available to Ohioans in all 88 counties who have experienced hardship due to recent tornados and other forms of extreme weather.  
 
Renew Ohio will assist small business owners and those in the agricultural community who have suffered severe damage or loss as a result of the tornados or other forms of severe weather.  Businesses and farmers can apply to obtain up to a three percent interest rate reduction on new or existing loans for construction or to improve cash flow.  The interest rate reduction may be applied on up to $400,000 of the loan for up to four years.  
 
Rebuild Ohio will assist homeowners with an interest rate reduction on loans to finance the restoration of their homes.  Homeowners who have suffered severe damage or loss as a result of the tornados or severe weather will be eligible for a three percent interest rate reduction on up to $400,000 of the loan for a five or seven-year period.
 
For more information on how to apply for the Renew Ohio or Rebuild Ohio programs please contact the Ohio Treasury's Department of Economic Development by calling (614) 466-6546 or toll-free (800) 228-1102 option 3; or visit the Renew Ohio & Rebuild Ohio page.
 
 
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Describe Yourself (check all that apply)

Office Of Debt Mgmt

The Office of Debt Management plays an important role in the operation of state government: it oversees the borrowing of funds to assure it is completed in an efficient manner.
    

SaveNOW

SaveNOW, a program offered by the State Treasurer through our linked deposit authority, offers a 3% bonus interest on savings accounts for Ohio citizens.
    

Smart Money Choices

A free personal financial-planning conference series for all Ohioans presented by State Treasurer Josh Mandel, and supported by a variety of statewide and regional partners.
    

Top-Bottom Review 2011

Review Outlines Steps to Improve Operations, Safeguard Investments, Leverage Technology, Increase Transparency and Modernize Banking Practices
    

e-Funds Transfer

Electronic Funds Transfers makes tax payments easy. Entities that have received a notice from the Ohio Department of Taxation can register for electronic payment via the website.
    

Veteran's Preference

Veteran’s Preference provides veterans with priority to be accepted into the GrowNOW and Ag-LINK linked-deposit programs.
    

GrowNOW

A partnership between eligible banks and the Ohio Treasury, enables small business owners to receive a 3% interest rate reduction on small business loans for two years with the opportunity for renewal
    

Renew & Rebuild Ohio

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

Ag-LINK

A program for farms to receive an interest rate reduction on new or existing loans or lines of credit up to $150,000. Applications are accepted on an annual basis from January through March.
    

CPIM

The Center for Public Investment Management (CPIM) provides continuing education to Ohio’s public funds managers and their oversight authorities.
    

CPIM Conference: Bowling

The CPIM (Center for Public Funds Managers) Academy allows public funds managers to increase their financial competencies in managing and safeguarding Ohio’s tax dollars.
    

CPIM Akron

The CPIM (Center for Public Funds Managers) Academy allows public funds managers to increase their financial competencies in managing and safeguarding Ohio’s tax dollars.
    

CPIM Dayton

The CPIM (Center for Public Funds Managers) Academy allows public funds managers to increase their financial competencies in managing and safeguarding Ohio’s tax dollars.
    

CPIM Columbus

The CPIM (Center for Public Funds Managers) Academy allows public funds managers to increase their financial competencies in managing and safeguarding Ohio’s tax dollars.
    

ECO-Link

A partnership between the State Treasurer and participating banks that provides a 3% interest rate reduction for 5 or 7 years on bank loans when completing energy-efficient upgrades to your home.