Incentive Programs

Paulding County Revolving Loan Fund
The Paulding County Economic Development Office can also assist in securing gap funding for land and building acquisition, construction, equipment and working capital needs based on job retention and creation commitments. Project cannot begin until approved. Variable loan terms depending on need. Business must be located in Paulding County.
BetterBuildings Loan Fund
BetterBuildings offers financing for projects that focus on conserving energy and generating savings through equipment retrofits to existing facilities. The goal is to make cost-effective energy practices and technology more accessible to individuals, businesses and governmental entities across Northwest Ohio while also helping transform the way whole communities use energy.
U.S. Small Business Administration 504 Loan Program
This program provides long-term, fixed-rate financing to acquire major fixed assets such as land and building acquisition; building improvements including grading, street improvements, utilities, parking lots and landscaping; construction of new facilities or modernization, renovation or conversion; and the purchase of long-term machinery and equipment. At least 10 percent equity from the small business borrower is required.
GrowNow
Program provides a 3% interest-rate reduction on new or existing small business loans when the small business can commit to creating or retaining jobs in the State of Ohio. Available through the State Treasurer of Ohio and participating commercial lending institutions; formerly known as the Linked Deposit Program.
State of Ohio 166 Direct Loan Program
Long term fixed rate low-interest loans up to 40% not to exceed $1.5 million for land and building acquisition, construction, expansion, or renovation, and equipment purchases for eligible businesses. Term based on useful life of the assets being financed and up to 15 years for real estate.
State of Ohio 166 Regional Loan Program
Long term fixed rate 3% interest loan up to 75% not to exceed $500,000 for land and building acquisition, building construction/renovations, leasehold improvements, machinery & equipment. Term based on useful life of the assets being financed and up to 15 years for real estate.
Innovation Ohio Loan Fund
Loans for acquisition, construction, and related capital costs of technology, facilities, and equipment purchases. Fund created to assist existing Ohio companies in development next-generation products and services within the state’s Industry Sectors up to 75% ranging from $500,000 to $1.5 million.
Ohio Enterprise Bond Fund
Provides revenue bond financing through an S&P rated fund, whereby proceeds from the sale of bonds are loaned to companies for fixed-rate, long-term capital asset financing. Rates are market-driven and fixed prior to funding. Loan terms range between 7 to 10 years for equipment and 15 to 20 years for real estate. Up to 90% financing of eligible costs from $2,000,000 to $10,000,000
Stand Alone Bond Financing
Variable rate bond financing based on the credit of the borrower or other credit enhancement. No maximum limit on size of project.
Paulding County Covid-19 Crisis Fund Grant Application

Applications are now available for the Paulding County COVID-19 Crisis Fund grants to assist businesses in Paulding County with relief due to the COVID-19 pandemic.  For the past month, United Way and the Paulding County Area Foundation have marketed a donation relief fund called the Paulding County Ohio Crisis Fund. The fund was established in cooperation with the Paulding Area Foundation and United Way of Paulding County to assist those businesses in need due to the pandemic.  Monies received in this fund will be dispersed through the Paulding County Economic Development Office. 

All funds were locally donated with the premise of helping local businesses overcome and survive the statewide shutdown for the COVID-19 pandemic.  In an outreach effort to help as many local businesses as possible, every dollar collected will be dispersed back into the county in the form of grants to Paulding County-based businesses.  This is a 100% grant.  Repayment of the grant is not expected as a grant is defined as a sum of money given by a government or other organization for a particular purpose.      

Any business that has been affected by the Ohio statewide shutdown for the COVID-19 pandemic may apply.  Applications can be found on the PC Economic Development website www.pced.net under the “Incentive Programs” tab or picked up at the PCED office at 102 E. Perry Street, Paulding, Ohio 45879.  All grant applications must be filled in completely and must be returned to the office or postmarked by June 30, 2020.  Fund disbursement amounts will be based on the final donation amount collected and the number of eligible applicants.  The intended purpose of this grant is to help offset mortgage, rent, and/or utility bills. Questions about the grant application can be directed to Tim Copsey, PCED Director at (419)399-8282.   

Individuals or businesses can still donate to the relief fund, as there is still time.  Please send a donation to the Paulding County Area Foundation, 101 E. Perry Street, Paulding, OH 45879, and indicate Crisis Fund Donation. Questions on the donation fund can be directed to Lisa McClure at (419)399-8296.

PCED COVID-19 Loan Application Final PDF Fillable

PCED COVID-19 Loan Application PDF