21 Jan Logistics and Distribution Stimulus Program
Program Name: Logistics and Distribution Stimulus Program
Resource Type: State
State: Ohio, Great Lakes
Agency: Program Source: Loan
Description: The Ohio Department of Development’s Logistics and Distribution Stimulus Program was created to promote economic development and job creation in the state of Ohio. The Department of Development, in cooperation with the Ohio Department of Transportation and the Ohio Rail Development Commission, will allocate $100 million in the form of loans for eligible transportation, logistics, and infrastructure projects in the State of Ohio. Loans will be made on favorable terms, including interest at or below market rates, opportunities to earn forgiveness of principal and accrued interest based on attainment of defined performance measures and use of loan proceeds for construction financing.