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Ohio investing nearly $1M to support businesses

COLUMBUS — The Ohio Department of Development announced the release of nearly $1 million through two state-funded programs that will support business expansion and strengthen infrastructure. REGIONAL 166 DIRECT LOAN The Regional 166 Direct Loan Program promotes economic development, job creation, and job retention by providing low-interest loans to businesses with limited access to adequate capital from private funding sources. 2840 LLC will receive $750,000 to assist in financing the purchase of a 10,948-square-foot industrial warehouse and office located at 2840 and 2880 Centennial Road and 2901 Grandwohl Road in Toledo (Lucas County). 2840 LLC is a real estate holding company formed to lease the project real estate to the operating company Power Brushes, Inc., and three other third-party tenants. Power Brushes, Inc. manufactures industrial power brushes for the glass, food, turf, wood, trommel, and printing industries. The project, estimated to cost $7.25 million, will create three new full-time-equivalent jobs and retain 20 existing jobs. For more information on how to apply and to determine if a project is eligible, visit the Regional 166 Direct Loan Program website. ROADWORK DEVELOPMENT GRANT The Roadwork Development Grant (629) Program provides funding to local jurisdictions with an economic development project to assist with eligible public roadwork improvements. It also aids employers in creating or preserving employment opportunities. The Belmont County Port Authority will receive $178,710 in support of the United Dairy, Inc., project in the city of Martins Ferry (Belmont County). The roadwork will consist of the reconstruction of approximately 1,550 linear feet of N. 5th Street, beginning at Hanover Street and continuing to the northeast, ending at Ellet Street. The project will support engineering and design costs and allow for the expansion of the United Dairy, Inc., manufacturing facility at 300 N. 5th Street. Through the project, seven jobs will be created and 193 jobs will be retained. For more information about how to apply and to find out if a project is eligible, visit the Roadwork Development Grant (629) program website at The Ohio Department of Development empowers communities to succeed by investing in Ohio's people, places, and businesses. Learn more about their work at