State of Ohio and Huntington Bank Launches $1 Billion Partnership to Grow, Retain and Attract Businesses and Jobs

In May, the State of Ohio and Huntington Bank announced a three-year, $1 billion public-private lending partnership for small- to medium-sized businesses in Ohio.  The Ohio and Huntington Job Growth Partnership will distribute $250 million through The Huntington Job Growth Fund.  The public-private partnership will also leverage existing State of Ohio and federal Small Business Administration loan programs to maximize availability of funds for companies located in or moving to Ohio.  

The partnership also creates the Huntington Bank Business Advisory Council with liaisons from Ohio’s Department of Development and regional economic development resources to provide free underwriting analysis and consulting services to participating companies. 

Columbus-based Larson Medical Products Inc. is the first business to benefit from the partnership.  A medical thermoplastics manufacturer, Larson will receive a $100,000 working capital loan to replenish funds used for R&D certification.  

Huntington has set up a toll free hotline for business owners wanting more information about the Ohio and Huntington Job Growth Partnership.  Call 1-866-644-9786 for more information or see the release from Huntington.