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Answer

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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2/23/2012 The February State Board of Deposit Meeting
Treasurer Mandel Releases Top-Bottom Review for Calendar Year 2011
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About  /  Board of Deposit

About

State Board of Deposit

The State Board of Deposit (BOD) is comprised of the Ohio Treasurer, Auditor of State, Attorney General, and Cashier of the State Treasurer.  The board, who meets on a monthly basis, designates the depositories of public money.
2012-2014 Depository Application/Agreements: click here

2012-2014 Banking Services RFP: click here

2010-2012 Depository Application/Agreements: click here
Purpose of the Board of Deposit

The role of the State Board of Deposit (BOD) is to designate the depositories of the public moneys of the state and implement the Uniform Depository Act as it applies to the state.

Agency Goals

Determine eligibility and designate financial institutions and banks to function as public depositories. Regulate the deposits of state money into these institutions.

Board of Deposit Members

Ohio Treasurer Josh Mandel, Chairman
Auditor of State Dave Yost
Ohio Attorney General Mike DeWine

Click here to the Board of Deposit Meeting Minutes

Upcoming Board Meeting Dates:

February 23, 2012
March 19, 2012 [Bank Designation]
April 26, 2012
May 24, 2012
June 28, 2012
July 26, 2012

All meetings are scheduled for 10:00 a.m. in the 9th floor conference room B.

The March 19, 2012 meeting will be held in the 10th floor training room.


board of deposit meeting minutes  monthly portfolio review

Ohio Administrative and Revised Code References

135.01 Definitions.

135.02 State Board of Deposit.

135.03 Financial Institutions eligible for deposits; limit.

135.04 Eligibility for certain deposits; warrant clearance accounts; minority banks.

135.06 Application of inactive deposits.

135.07 Award of inactive deposits; preference based on interest rate.

135.08 Application of interim deposits.

135.09 Award of interim deposits.

135.12 Biennial designation of depositories; additional subdivision depositories.
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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.