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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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6/6/2012 CPIM Conference: Independence, OH
Treasurer Mandel Announces 2012 Awards for Ag-LINK Program
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About  /  Financial Institutions  /  Depository Process

Financial Institutions

Process for Serving as a Depository of Public Funds with the State of Ohio

As Chairman of the Ohio Board of Deposit, Ohio Treasurer of State Josh Mandel encourages financial institutions to become eligible to accept public moneys, including active deposits and interim deposits, during the 2010-2012 biennium.

To be eligible to participate in Ohio Treasury programs and receive interim deposits, financial institutions submit the 2010-2012 Application/Agreement for Deposit of Public Funds, Trustee Agreement(s), and the Declaration Regarding Material Assistance/Non-Assistance to a Terrorist Organization form. Once reviewed and verified for completeness, the financial institution will be recommended to the State of Ohio Board of Deposit for approval.

All documents to complete an application to serve as a state depository, along with a checklist to ensure that you have completed all necessary steps are available at Financial Institutions. Applications for interim deposits will be accepted throughout the designation period.

For depositories that seek an award for active deposits, a schedule will be posted on the Ohio Board of Deposit website for the 2012-2014 biennial designation, when available.  A separate Request for Proposal will be issued to guide the Ohio Board of Deposit in awarding active deposits as part of its next biennial designation of “the public depositories for the public moneys of the state,” as provided in the Ohio Revised Code 135.12.

If you have questions about the Application/Agreement for Deposit of Public Funds, please contact Bob Willer at (614) 466-1580 or  robert.willer@tos.ohio.gov.   The Ohio Treasurer of State welcomes your application and the opportunity to work with you during this biennium.

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Describe Yourself (check all that apply)

Office Of Debt Mgmt
The Office of Debt Management plays an important role in the operation of state government: it oversees the borrowing of funds to assure it is completed in an efficient manner.
    

SaveNOW
SaveNOW, a program offered by the State Treasurer through our linked deposit authority, offers a 3% bonus interest on savings accounts for Ohio citizens.
    

Smart Money Choices
A free personal financial-planning conference series for all Ohioans presented by State Treasurer Josh Mandel, and supported by a variety of statewide and regional partners.
    

Top-Bottom Review 2011
Review Outlines Steps to Improve Operations, Safeguard Investments, Leverage Technology, Increase Transparency and Modernize Banking Practices
    

e-Funds Transfer
Electronic Funds Transfers makes tax payments easy. Entities that have received a notice from the Ohio Department of Taxation can register for electronic payment via the website.
    

Veteran's Preference
Veteran’s Preference provides veterans with priority to be accepted into the GrowNOW and Ag-LINK linked-deposit programs.
    

GrowNOW
A partnership between eligible banks and the Ohio Treasury, enables small business owners to receive a 3% interest rate reduction on small business loans for two years with the opportunity for renewal
    

Renew & Rebuild Ohio
Small business owners, farmers and homeowners are eligible to receive financial assistance to rebuild and recover following an emergency.
    

Ag-LINK
A program for farms to receive an interest rate reduction on new or existing loans or lines of credit up to $100,000. Applications are accepted on an annual basis from January through March.
    

STAR Ohio
The State Treasury Asset Reserve (STAR) of Ohio, which allows government subdivisions – from municipalities to school districts – to invest funds in a highly-rated public investment pool.
    

CPIM
The Center for Public Investment Management (CPIM) provides continuing education to Ohio’s public funds managers and their oversight authorities.
    

ECO-Link
A partnership between the State Treasurer and participating banks that provides a 3% interest rate reduction for 5 or 7 years on bank loans when completing energy-efficient upgrades to your home.
    

Teacher Academy
The Ohio Treasury's Teacher Academy is a highly successful two-day summer workshop offered in partnership with the Ohio Department of Education and the Ohio Council on Economic Education.