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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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Programs  /  Custody Services

Programs

Custody Services

Start of competitive bidding for global custody services saves $20 million for Ohioans.

Ohio law mandates that the Ohio Treasurer of State oversee the custodial services that depository banks provide for public funds in the Treasurer’s custody.  In 2010, in addition to seeking competitive bids from banks for domestic custody services of domestic funds in the custody of the Treasurer (shown below), the Ohio Treasury also sought competitive bids from banks seeking to provide global custody services for international funds in the Treasurer’s custody.  This competitive bidding saved the funds $20 million as it caused the banks to offer lower prices than they had in the past.  The current custody period runs from July 5, 2010 to July 1, 2012.

The Ohio Treasury also has made the bidding process transparent by revealing the banks’ proposals and the savings resulting from competitive bidding.  See how the banks responded to the competitive”request for proposal” (RFP) and “request for information“ (RFI) processes by clicking on the below links. The answers to frequently asked questions about the RFP and RFI processes are found via links at the left.
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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.