Comparison to State Program
|
Jurisdiction |
Montgomery County |
State of Ohio |
| Business Linked Deposit Program | Yes | Yes |
| Housing Linked Deposit Program | Yes | No |
| Brownfield Clean-up | Yes (no job creation/retention requirement) | No |
| Dollar amount per job created/retained | $35,000 | $25,000 |
| Limit on sales size capacity of company | No limit | No limit |
| Fixed rate short-term loan for inventory--50% funded for new jobs | Yes | No |
| Loans to franchises | Yes | No |
| Target Areas/Zones for Linked Deposit | Countywide ($3 million has been reserved for the Riverscape Area) | Special consideration given to areas around Ohio that have greater than 1% or higher unemployment rate relative to overall state employment |
| Wires funds the next day to the bank | Yes | Wired after 10am each business day |
| Number of days for turnaround upon receipt of application | Ten business days | Ten business days |
| Include equipment needed in production that retains or creates jobs | Yes | Yes |
| Leasehold improvements that create or retain jobs | Yes | Yes |
| Acquisition of real property for new or expanded facilities | Yes | Yes |
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