The Northwest OhioManufacturing Forum

Four Financing Programsand Projects

Fixed Interest Rate Bond Program Stand-Alone Bonds U.S. SBA 504 Loan Program Ohio 166 Regional Loan Program

305 projects $1,108,447,464 direct financing Nearly 16,000 jobs created and/or retained

Fixed Interest Rate Bond Program

Completed 56 $202 million+ $7 million maximum BBB interest rates

Purpose of the Program

Provide access to investment grade financing for small to mid-size companies

Make long-term fixed rates available Create jobs and investment in community

Eligible Borrowers

Infrastructure projects; Tax Increment Projects (TIFs) Special Assessment Projects

Non-profit or 501c(3) entities; and Governmental borrowers

Eligible Projects

Renovation & acquisition of existing buildings

Construction of new buildings Acquisition of land Non-specialized equipment; and Financing and other soft costs

Program Benefits and Financing Terms

Fixed rate (Up to 30 years for governmental, infrastructure or non-profit borrowers; 20 years for industrial and commercial loans)

Construction and permanent financing Close within 60-90 days Requires prevailing wages for construction

projects

Partnerships

The Port Authority has partnered with the OMA, First Energy, the Port of Cleveland and the Summit County Port Authority in order to help finance manufacturers.

Woodsage

Nagle Trucking

Stand-Alone Bonds

Completed 41 $850 million No maximum dollar limit Anywhere in Ohio

Owens Corning

Crocker Park

Dana Technology Center

Levis Commons

General Motors

U.S. SBA 504 Loan Program

Completed 106 $39 million Fixed Assets only

U.S. SBA 504 Loan Program

Typical Structure: 50% bank or non-bank 40% SBA – 2nd position 10% equity 1 job created/retained for every $65,000 borrowed

U.S. SBA 504 Loan Program

“Small” Business 500 employees or less Less than $15 million tangible net worth Less than $3 million average net income over last 2

years

U.S. SBA 504 Loan Program

Normal Maximum $5 million

Manufacturing $5.5 million

U.S. SBA 504 Loans

Restaurants Hotels Convenience Stores Realtors Marina Bowling Alley Movie Theater

U.S. SBA 504 Loan Program

10-year interest rate – 3.69% 20-year interest rate – 4.52%

Allshred

PizzaPapalis of Toledo

Ohio 166 Regional Loan Program

Completed 102 $17 million Fixed Assets Only Up to 40% of project costs Maximum of $500,000 1job retained/created for every $50,000

Ohio 166 Regional Loan Program

Fixed Interest Rate Term up to 15-years Currently: 3.5%

DMC Technology, Inc.

Bollin Label

Bottom LineCall the Port Authority!

Lisa WagnerDirector of Financing Programs

Laurie CantrellLoan Program Manager

419.243.8251