Ohio Revised Code Search

...ancing advisory board or a regional economic development entity shall only consider an application for a loan from any applicant after a determination that the applicant is a community development corporation, or after a certification by the director of development under division (B)(1) of section 122.921 of the Revised Code that the applicant is a minority business enterprise, or after a certification by the minorit...

...o minority business enterprises and to community improvement corporations, Ohio development corporations, minority contractors business assistance organizations, and minority business supplier development councils for the purpose of loaning funds to minority business enterprises, for the purpose of procuring or improving real or personal property, or both, for the establishment, location, or expansion of industrial, ...

...expansion of industrial, distribution, commercial, or research facilities in the state, if the director determines, in the director's sole discretion, that all of the following apply: (1) The project is economically sound and will benefit the people of the state by increasing opportunities for employment, by strengthening the economy of the state, or expanding minority business enterprises. (2) The proposed small...

...harges, rates of interest, times of payment of interest and principal, and other terms, conditions, and provisions of the loans and guarantees made by the director of development pursuant to sections 122.71 to 122.83 and 122.87 to 122.90 of the Revised Code shall be such as the director determines to be appropriate and in furtherance of the purpose for which the loans and guarantees are made, but the mortgage lien se...

...f the state, for the increase of their commerce and prosperity, for the increase and expansion of minority business enterprises, and for the improvement of conditions of employment, and will constitute the performance of essential governmental functions; therefore, the director of development shall not be required to pay any taxes upon any property or assets held by the director, or upon any property acquired or used...

...ist of money deposited into the fund from the facilities establishment fund pursuant to section 166.03 of the Revised Code and all money deposited into the fund pursuant to section 122.81 of the Revised Code. The director of development shall use the fund to pay operating costs of the minority development financing advisory board, make loans to minority business enterprises as authorized in division (A) of sec...

...e, or privilege. Any moneys received from the repayment of a loan, guarantee, or lease authorized pursuant to sections 122.77 and 122.78 of the Revised Code, and any moneys recovered in the event of a default with respect to any such loan, guarantee, or lease, shall immediately be deposited in the minority business enterprise loan fund.

...90 of the Revised Code, and shall at no time be part of other public funds.

...Any person who intentionally misrepresents that person's self as owning, controlling, operating, or participating in a minority business enterprise for the purpose of obtaining funds, contracts, subcontracts, services, or any other benefits under sections 122.71 to 122.85 or 122.87 to 122.90 of the Revised Code is guilty of theft by deception, pursuant to section 2913.02 of the Revised Code.

...nt period" means the six-month period from the first day of January to the thirtieth day of June, or from the first day of July to the thirty-first day of December. (5) "Investment" means money from any source other than grant funds that is invested to improve property located in an Ohio opportunity zone with the expectation of receiving a profit. (B) A person that invests in one or more Ohio qualified opportuni...

...tax credit-eligible production, and any time thereafter upon the request of the director, the qualifying company shall present to the director sufficient evidence of reviewable progress. If the company fails to present sufficient evidence, the director may rescind the certification. If the production of a motion picture or broadway theatrical production does not begin within ninety days after the date it is certified...

...ne-half of the total number of its full-time equivalent employees in this state. For the purpose of this section, an employee is employed in this state if the business is required to withhold income tax under section 5747.06 of the Revised Code for fifty per cent or more of the compensation paid to the employee in either the calendar year in which the Ohio venture capital operating company or its direct or indirect i...

...quivalent employees in this state for whom the enterprise is required to withhold income tax under section 5747.06 of the Revised Code, or more than one-half the enterprise's total number of full-time equivalent employees employed anywhere in the United States are employed in this state and are subject to that withholding requirement. (d) The enterprise, within six months after an eligible investor's qualifying in...

...t replaced an engine that was removed from the vehicle and returned to the supplier for remanufacturing to a more stringent set of engine emissions standards or for scrappage. (2) "Section 793" means section 793 of the Energy Policy Act of 2005, Pub. L. No. 109-58, 119 Stat. 841, et seq. (3) "Verified technology" means a pollution control technology, including a retrofit technology, advanced truckstop electrif...

...There is hereby established in the state treasury the SellOhio global initiative fund.

...ompany that is authorized by the department of insurance to issue bonds as surety. (B) "Minority business" means any of the following occupations: (1) Minority construction contractor; (2) Minority seller; (3) Minority service vendor. (C) "Minority construction contractor" means a person who is both a construction contractor and an owner of a minority business enterprise certified under division (B) of sect...

... Any claims against the state arising from defaults shall be payable from the minority business bonding program administrative and loss reserve fund as provided in division (C) of this section or from the minority business bonding fund. Nothing in sections 122.87 to 122.90 of the Revised Code grants or pledges to any obligee or other person any state moneys other than the moneys in the minority business bonding progr...

...xercise all the rights and powers of a company authorized by the department of insurance to execute bonds as surety but shall not be subject to any requirements of a surety company under Title XXXIX of the Revised Code nor to any rules of the department of insurance. (B) The director, with the advice of the minority development financing advisory board, shall adopt rules under Chapter 119. of the Revised Code estab...

...der this section shall not exceed three times the difference between the amount of moneys in the minority business bonding fund and available to the fund under division (B) of section 169.05 of the Revised Code and the amount of all outstanding bonds issued by the director in accordance with division (A) of section 122.89 of the Revised Code. (E) The director of development, with controlling board approval, may app...

...ho holds a valid commercial driver's license or who is eligible to obtain such a license. (2) "Commercial driver's license" and "commercial motor vehicle" have the same meanings as in section 4506.01 of the Revised Code. (3) "Training expense" means any cost customarily incurred by an employer to train an employee who is a qualifying individual to obtain a commercial driver's license or to operate a commercial mo...

...s, and volunteer and other groups, to promote the growth of minority business enterprises; (G) Establish a center for the development, collection, and dissemination of information that will be helpful to persons in establishing or expanding minority business enterprises in this state; (H) Design, implement, and assist in experimental and demonstration projects designed to overcome the special problems of minority...

...lopment. The report shall be filed at a time and in a form prescribed by the director of development. The report shall include the name of each minority business enterprise that the state agency or port authority entered into a contract with during the preceding ninety-day period and the total value and type of each such contract. No later than thirty days after the end of each fiscal year, the director shall notify ...

...wner or owners show both social and economic disadvantage based on the following, as determined to be sufficient by the director: (a) Relative wealth of the business seeking certification as well as the personal wealth of the owner or owners of the business; (b) Social disadvantage based on any of the following: (i) A rebuttable presumption when the business owner or owners demonstrate membership in a racial mi...

...on 122.922 of the Revised Code. (3) "Women-owned business enterprise" has the same meaning as in section 122.924 of the Revised Code. "Veteran-friendly business enterprise" has the same meaning as in section 122.925 of the Revised Code. (B) Not later than the first day of October in each year, the director of development shall submit a written report to the governor and to each member of the general assembly de...

...(A) As used in this section: "Women-owned business enterprise" means any individual, partnership, corporation, or joint venture of any kind that is owned and controlled by women who are United States citizens and residents of this state or of a reciprocal state. "Owned and controlled" means that at least fifty-one per cent of the business, including corporate stock if it is a corporation, is owned by women and ...