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Ohio treasurer's office outlines new small-business loan program and STABLE-account changes during Greene County meeting
Summary
John Gomez of the Ohio Treasurer’s office briefed Greene County commissioners on Star Ohio investment performance, a new Buckeye Business Advantage linked-deposit loan program (up to $1 million with a 2.5–3% buy-down), updates to AgLink and Ohio Homebuyer Plus, and changes to STABLE accounts including fee elimination and expanded eligibility coming Jan. 1, 2026.
John Gomez, a representative of the Ohio Treasurer’s office, told Greene County commissioners on Oct. 9 that the state’s pooled investment fund Star Ohio continues to generate about 4.5% in yield and manages roughly $20 billion to $25 billion in assets.
Gomez used his presentation to highlight consumer and small-business programs the treasurer’s office operates. He introduced Buckeye Business Advantage, a linked-deposit loan program the office plans to start accepting applications for around Oct. 20. Under the program, businesses with fewer than 150 employees may apply for loans of up to $1,000,000; the treasurer’s office will buy down participating banks’ interest rates by roughly 2.5 to 3 percentage points for an initial two-year period, Gomez said.…
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