The purpose of the business development fund is to promote business expansion in the form of acquisition of land, building, machinery, and equipment. 

Up to $200,000 of City participation with flexible, below-market rates, for up to 20 years. 

Who is Eligible?

Any growing, profitable businesses, or economically viable not-for-profit businesses with project sites within the City limits are eligible to apply.  For collateral, the City requires a minimum subordinated security position acceptable to the City.  Private investments must leverage City investment by at least a 1:1 ratio.  The creation of a minimum of one new low to moderate income job per $30,000 of City investment is required. 

How Can I Apply?

The Community Capital Development Corporation administers loans on behalf of the Division of Economic Development. Please feel free to contact CCDC with questions or for more information at:

Community Capital Development Corporation
900 Michigan Avenue
Columbus, OH 43215
(614) 645-6171