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Financial Resources

Looking for outside funding to supplement your internally-generated resources? And you don’t have time to wander through endless on-line searches and websites? Here is a one-stop source for great information. There are numerous programs available to support:

    energy projects
    capital equipment investment
    site selection and remediation
    employee training and retention
    sustainability projects
    product innovation
    diversity initiatives
    business start-ups
    R&D investment
    government contracting

We collected relevant information about financial resources that are available from federal, state, county, and local governmental entities. There are loans and grants. There is also information about becoming a supplier to the government. See also the links that offer economic and market data, information on tax policy and workforce matters, and procedures for minority and small business certifications.

Browse through the lists below, and click through to investigate the programs that might serve your needs. Contact Jacki Adams at 216.588.1440 ext 114 for assistance.



  Mission Reminder Without sufficient funding, valuable economic growth initiatives can be delayed beyond usefulness, or even wither and die. WIRE-Net is here to collect appropriate information and connect you to the resources that fit your needs.

City of Cleveland
Department of Economic Development
Tracey A. Nichols, Director
City Hall
601 Lakeside, Room 210
Cleveland, Ohio 44114
216.664.2406

Mission: To provide the governmental leadership that will capitalize on Cleveland's economic strength by the encouragement of economic development and to provide programs for the city which will generate additional tax revenues, employment, and real property values.

Division of Workforce Development
Operations Efficiency Taskforce
Small Business Revolving Loan Program
Neighborhood Development Investment Fund Loan
Enterprise Zone Tax Incentive Program
Non-School Tax Increment Financing
Core City I, II Loan Fund

Cuyahoga County

Commercial Redevelopment
Cuyahoga Innovation Zones
Economic Dev. Loan Fund
Enterprise Zone Incentives
Grow Cuyahoga County
Hispanic Business Program
MADE in Cuyahoga County
New Product Development
Site Selection Program

Brownfield Redevelopment
The Brownfield Redevelopment Division strategy includes creating and retaining jobs, generating new sources of revenue for local governments, schools and county programs; encouraging redevelopment of vacant abandoned properties, promoting the County Greenspace Plan. Cuyahoga County Department of Development, Brownfield Redevelopment Division provides assistance and expertise in returning brownfield sites to viable community and economic assets.
Community Assessment Initiative (CAI)
The County provides professional services to conduct Phase I and Phase II environmental site assessments on brownfields contaminated with hazardous substances and/or petroleum products in Cuyahoga County.
Brownfield Redevelopment Fund (BRF)
The County’s Fund to assist with environmental cleanup on brownfields contaminated with hazardous substances and/or petroleum products in Cuyahoga County. Find out if your project may be eligible for County assistance.
USEPA Brownfield Revolving Loan Fund (BRLF)
The United States Environmental Protection Agency’s (USEPA) Brownfield Revolving Loan Fund (BRLF) is an alternative source of cleanup funding for brownfield sites throughout Cuyahoga County.
Clean Ohio Fund
The State of Ohio’s Fund for environmental assessment and cleanup of eligible brownfield sites.
Brownfield Economic Development Initiative (BEDI)
The Brownfield Economic Development Initiative (BEDI) is a competitive grant program that the US Department of Housing and Urban Development (HUD) administers to stimulate and promote economic and community development. Cuyahoga County is an eligible applicant; HUD does not provide assistance directly to citizens.
Brownfield Tax Incentives
The Brownfields Expensing Tax Incentive is intended to spur the cleanup and revitalization of brownfield properties by allowing taxpayers to immediately reduce their taxable income by the cost of their eligible cleanup expenses.

Ohio Department of Development
Working with communities and businesses, the Department of Development promotes economic opportunities to improve the profits and prosperity of Ohio's citizens. The Department acting in a support role provides financial, informational, and technical assistance to those making an investment in Ohio's future.

As a cabinet level agency, the Department oversees a full portfolio of programs including: business attraction and retention, small business growth, technology commercialization, export promotion, travel promotion, energy efficiency, affordable housing, community infrastructure, downtown revitalization and brownfield clean-up.

The Ohio Department of Development's Strategic Business Investment Division works to create, retain and expand job opportunities for all Ohioans. The Division focuses on issues affecting Ohio's economy and provides a variety of business development resources to help Ohio remain at the forefront of economic development.

The Division offers companies direct financial assistance in the form of low-interest loans, grants, bonds, and state and local tax incentives . The Division also offers assistance with employee training and infrastructure development.

Tax Incentives in Ohio
The Office of Tax Incentives (OTI) is responsible for managing the state's business development tax incentive programs and overseeing the administrative performance of various local property tax incentive programs. Office staff also provides support to the members of the Ohio Tax Credit Authority, who are charged with the duty of reviewing and approving tax credits for job creation and retention projects throughout the state. The Authority consists of five members appointed by the Governor, Speaker of the Ohio House of Representatives, and President of the Ohio Senate.

Services for Business and Industry

The Ohio Energy Office's Business and Industry team manages a portfolio of technical and financial resources, and works with partners to improve the competitiveness of Ohio manufacturers and to foster emerging energy technologies. 

Businesses that spend less than $150,000 on energy yearly now have a tool to help them reduce energy waste and hold down costs.  The Ohio Small Business Energy Saver is free and easy to use!

Ohio Business Energy Resource Center
Improve Competitiveness of Ohio Manufacturers

Ohio is among the top ten energy users in the nation. In the face of rising energy prices nationwide, the state of Ohio is finding ways to help business and industry manage their energy usage to get the most from their energy dollars today

Ohio 1st Stop Business Connection!
The 1st Stop Business Connection, a program sponsored by the Ohio Department of Development's Small Business Development Centers and the U.S. Small Business Administration, provides FREE state-level information needed to get started or continue on your entrepreneurial journey.
You will be guided through six simple steps to create a business information kit. Then, you can immediately download your kit.

Business Incentives Loans and Grants
Ohio Enterprise Bond Fund
Provides loans for land and building acquisition, construction, expansion or renovation and equipment purchases for eligible businesses.
Volume Cap Program
Federally authorized programs providing authority to issue tax-exempt bonds for select private (non-governmental) activities
166 Direct Loan
Provides loans for land and building acquisition, expansion or renovation, and equipment purchase.
Regional 166 Direct Loan
Provides loans for land and building acquisition, construction, expansion or renovation and equipment purchases for eligible businesses. Twelve local economic development agencies administer the program.
Pioneer Rural Loan
Provides direct loans for businesses locating or expanding in Ohio's rural areas. Businesses must demonstrate that they will create new jobs for Ohio citizens in rural areas. Loan may be used for acquisition of land and buildings, new construction, renovation and expansion of existing buildings and acquisition of machinery and equipment.   
Rural Industrial Park Loan
Provides direct loans and loan guarantees to rural, distressed local communities and other eligible applicants committed to creating well-planned industrial parks.
Urban Redevelopment Loan
Removes development barriers from urban core property so that private sector job opportunities can be created.
Innovation Ohio Loan Fund Program
The IOF can finance up to 75 percent of a project’s qualifying costs through loans in the range of $500,000 to $3 million.
Research & Development Investment Loan Fund Program
The Research and Development Investment Loan Fund (R&D Fund) was created to promote economic development, business expansion and job creation by encouraging private-sector R&D investments. The R&D Fund provides assistance in the form of a low-interest loan, partnered with a tax credit.

The Clean Ohio Revitalization and Clean Ohio Assistance Funds
These Funds are a portion of the $400 million Clean Ohio Fund approved by Ohio voters in November 2000. Voters gave the state the ability to issue $200 million for brownfield redevelopment activities and $200 million for preservation of green space. The Ohio Department of Development, through its Office of Urban Development, is implementing the brownfield portion of the bond in consultation with the Ohio Environmental Protection Agency.

The Procurement Technical Assistance Centers—PTAC—help Ohio's businesses sell goods and services to local, state and federal governments. In addition to services like marketing, one-on-one training and help with information resources, the Ohio PTA Centers offer: bid-matching services, product and procurement histories, military specifications, and trade events where Ohio firms can meet government buyers. These services are provided at no cost to Ohio businesses

The Office of Policy Research and Strategic Planning provides data and analysis on the Economic, Industrial, and Demographic trends of the State of Ohio, its businesses and its people.

The Tangible Personal Property Tax is a property tax placed on physical property used in the general operations of a manufacturing or service-based business - is a revenue source that is utilized for funding a wide variety of governmental activities. However, this tax is widely viewed as a disincentive to capital investment and, as a result, is a roadblock to increases in personal and business productivity, income growth, and job creation in Ohio.

The Minority Contractors and Business Assistance Program (MCBAP) provides outreach for the Minority Business Enterprise Division into the minority business community. The MCBAP offices assist minority entrepreneurs with loan and bond packaging services, management, technical, financial and contract procurement assistance.

The Workforce and Talent Division provides financial assistance and technical resources for customized training involving employees of new and expanding Ohio businesses.

Workforce and Talent Division provides up to 50 percent reimbursement to fund instructional costs, materials and training-related activities. There is an emphasis on manufacturing and selected employment sectors that have significant training and capital investment related to creating and retaining jobs.

Workforce and Talent Division also supports community economic development efforts through job creation and retention. The result is increased employee productivity, improved labor/management relations and a highly skilled labor pool.

The regional Workforce and Talent Division Coordinators walk companies through all phases of the application and approval process, at no cost to the business.

REGION 8–Northern Ohio
Training Coordinator
Phone: 216.787.3240
Enterprise Ohio
Ohio Deptartment Job & Family Services
Workforce Development Clearinghouse

Growth Capital Corporation: Business Expansions, New Facilities, & Equipment Purchases
Save you money
Growth Capital Corporation is your link to money available through specialized, government-secured loan programs. These loan programs feature low down payments, fixed rates, and long terms - all to encourage the success of growing businesses.

Save you time
Just show us your business plan. What do you want to do? What do you need to do it? Growth Capital Corporation helps determine your best loan options, helps prepare your loan application, and helps coordinate timely processing with all necessary lenders and government agencies.

Save you hassle
Growth Capital Corporation exists solely to help local companies get financing for capital expenditures. As specialists in government lending to businesses, the Growth Capital Corporation staff offers individualized counseling and guidance through the loan application process. We will find the right loan and the right terms to suit your financing needs.


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