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Through Ohio Treasury's Renew & Rebuild Ohio linked deposit program, small business owners, farmers, and homeowners affected by the floods and severe weather are now eligible to receive interest rate reductions on 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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Economic Development  /  Ag-LINK  /  Eligibility

Ag-LINK

Eligibility

Eligible applicants represent a wide variety of businesses within the farming community, including but not limited to traditional farming, aquaculture, livestock, orchards, and hydroponics.

In order to qualify for the Agricultural Linked Deposit Program, applicants must meet the following criteria:
  • Must be organized for profit;    
  • Must have headquarters and 51% of operations maintained in Ohio;
  • Must obtain an operating loan or line of credit from an eligible bank or Farm Credit Lender;
  • Must use the loan exclusively for agricultural purposes;
  • Must agree to comply with all program and bank regulations.
The Ag-LINK Step-by-Step Process
  1. The farmer seeks approval for a loan or line of credit from an eligible bank or Farm Credit Lender. The lender approves the loan or line of credit and establishes an interest rate with the farmer.
  2. The lender submits an Ag-LINK application on behalf of the farmer to the Ohio Treasurer’s office between January and March. No paper applications are accepted for Ag-LINK. All applications must be completed and submitted online at tos.ohio.gov/aglink.
  3. The Treasury’s Department of Economic Development evaluates the applications and approves funds based on economic need.   
  4. If the application is approved, the Ohio Treasurer’s office places an investment with the farmer’s financial institution for one year;
  5. The lender agrees to lower the interest rate on the farmer’s loan or line of credit for one year according to the rate reduction established annually by the Ohio Treasurer’s office.
  6. The farmer receives the interest rate reduction beginning as early as mid-April.
  7. Once the year has passed, the rate on the farmer’s loan or line of credit will return to the rate previously established with the lender. Farmers may apply for the Ag-LINK program annually.
Applications for the Ag-LINK program must be completed and submitted online at www.aglink.ohio.gov. For more information about Ag-LINK or other Ohio Treasury programs, please call the State Treasurer’s office toll-free at (800) 228-1102, option 3.
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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.