TOLEDO, Ohio, February 19, 2021 – The U.S. Department of Commerce’s Economic Development Administration (EDA) announced yesterday the award of a $2.4 million CARES Act Recovery Assistance Grant to the Toledo-Lucas County Port Authority to create a Revolving Loan Fund for businesses in Northwest Ohio. The EDA grant will be matched with $600,000 in local investment in establishing a $3 million loan fund.
Thursday, January 28, 2021
TOLEDO, Ohio, January 28, 2021 – The Toledo-Lucas County Port Authority has provided $44.46 million in financing in 2020 to various organizations across the region through its multiple financing programs. A total of 11 Small Business Administration and Ohio Regional 166 Loans were closed totaling $7.46 million, setting a record for the most loans closed in one year at the Port Authority. A total of 105 new jobs were created with these loans. The Port Authority also saw a record year with the issuance of $37 million for five separate projects, within its Northwest Ohio Bond Fund (rated A- by Standard & Poor’s).