Supporting the strategic investments of business and focusing on creating career pathways for a local workforce are key strategies of development in our eight-county region in southeast Ohio.
Buckeye Hills invests in workforce development through the Innovation Gateway Network and offers loans for business in manufacturing, service, or retail through the Revolving Loan Fund.
Innovation Gateway Network
The Innovation Gateway Network helps workers and communities impacted by the decline of coal and manufacturing to:
recover employment and income by increasing individual investment in post-secondary learning
strengthen and diversify their local economies
grow, retain, and attract talent to the region
LIGHTS provides expertise, training, and resources to the region's workforce, entrepreneurs, companies, and local communities.
Click the button below to learn more about the Innovation Gateway Network.
The Innovation Gateway Network is led by Buckeye Hills Regional Council in partnership with Ohio University, with funding from the Appalachian Regional Commission POWER Initiative
Revolving Loan Fund
The Revolving Loan Fund (RLF) offers loans to businesses in the Buckeye Hills region in conjunction with commercial financing from a bank. Such funds are used in the event that full financing cannot be obtained from a bank or as gap financing between a bank loan and the financing necessary to complete a proposed business project.
The RLF can provide up to 50% of eligible project costs, with a maximum investment of $150,000. Projects in counties identified as distressed by the Appalachian Regional Commission may qualify for 80% of eligible project costs. The RLF will not provide 100% financing of a project.
Who is Eligible?
Existing or new for profit businesses, partnerships, cooperatives or corporations engaged in manufacturing, service or retail activities that will be or is presently located within the eight-county region of Buckeye Hills, including Athens, Hocking, Meigs, Monroe, Morgan, Noble, Perry and Washington.
What Activities are Eligible?
acquisition and improvement of land and buildings
machinery and equipment
working or start‐up capital
Revolving loans include fixed interest rates and terms of 3-12 years, depending on the collateral used to secure the loan. One full-time job equivalent (40 hours per week) must be created or retained for every $25,000 of revolving loan financing provided. The focus of these loans is job creation.
All projects require bank participation. The RLF does not provide 100% financing for any project.