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Expand Your Business

Interested in expanding your business? Franklin County Economic Development and Planning and its partner organizations can offer you several programs - including a mix of federal, state and county tax incentives, loans, grants, and workforce development programs - that can provide you with critical resources to achieve your goals.

 

The Community Capital Development Corporation links small business with financially advantageous sources of capital, giving them the ability to expand and prosper in today’s highly competitive economy.

Among other programs like the Small Business Administration 504 Loan Program, CCDC manages the Franklin County Growth Fund. The Growth Fund provides fixed asset financing and working capital to support the expansion and retention of businesses in Franklin County for the purpose of creating or retaining permanent, private-sector jobs, principally for low- and moderate-income persons.

  • Eligible Borrowers: For-profit businesses in Franklin County, but outside the Columbus city limits.
  • Eligible Activities: Include, but are not limited to fixed asset financing for land, building, machinery and equipment, and Working Capital.
  • Loan Amounts: Typically $250,000, though this amount can be exceeded with permission from the Franklin County Board of Commissioners.
  • Job Creation/Retention: One full-time equivalent job must be created and/or retained for every $30,000 borrowed. 51% of the jobs created and/or retained must be taken or made available to low- and moderate-income persons.
  • Interest Rate: Competitive fixed rates for the entire term of the loan with minimal fees
  • Loan Term: 5 year terms, amortized up to 20 years

 

The Columbus-Franklin County Finance Authority (CFFA), organized as a port authority under Ohio law, facilitates capital investments made by the private, non-profit, and public sectors throughout Central Ohio. As an issuer of both tax-exempt and taxable debt, CFFA works in partnership with traditional lending institutions and other public partners on development project financing. Franklin County partners with CFFA to provide large project financing within the County, which includes the EnergyWorks program.

For more information: visit the Columbus-Franklin County Finance Authority, or contact the Columbus-Franklin County Finance Authority at info@columbusfinance.org or (614) 429-0177.
John O'Grady President
Marilyn Brown
Kevin L. Boyce