Ohio treasurer closes bond deal to spur business development

COLUMBUS — Ohio Treasurer Kevin L. Boyce said the Treasury issued a $40 million bond for the Chapter 166 Direct Loan program to help promote economic development, business expansion and job creation for the state.

The Chapter 166 Direct Loan program is administered through the Ohio Department of Development and provides reduced-rate interest loans to businesses willing to commit to creating new jobs or preserving existing employment opportunities in the state of Ohio.

Eligible businesses include those engaged in, but not limited to manufacturing, distribution, research and development.