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GrowNOW is a program provided by the State Treasurer's office for small business owners. Small businesses that can commit to creating or retaining jobs in Ohio can receive a two-year, 3% interest rate reduction on new or existing loans.

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Treasurer’s Office Receives Third “Clean” Annual Audit in Three Years
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6/22/2011

State Treasurer tours ElectriPack

by CENTERVILLE-WASHINGTON TIMES on JUNE 22, 2011

By DOUG SKINNER

After receiving a loan from a state program for small businesses, a Centerville company recently hosted Ohio Treasurer Josh Mandel.

ElectriPack Inc., 976 Senate Drive, had taken part in the GrowNOW program, which enables small business owners to receive a 3 percent interest rate reduction on new or existing small business loans for two years with the opportunity of renewal. The program is a partnership between eligible banks and the Ohio Treasury. Small business owners must commit to the creation or retention of at least one full-time job or two part-time jobs in Ohio for every $50,000 borrowed, up to $400,000.
“GrowNOW broadly serves as a catalyst for Ohio’s economic development by supporting the small businesses that drive it,” Mandel said.
 
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