Economic Development
Ohio
Indiana
The goal of the Paulding Putnam Revolving Loan Fund (RLF) is to help future community and business expansion efforts, creating or retaining jobs in NW Ohio and NE Indiana. Nonprofit entities, including local villages and cities within our service territory, are eligible to apply for a low-interest loan. The loans are provided through the United States Department of Agriculture (USDA)’s Rural Economic Development Loan & Grant Program.
Financing is available to purchase land, buildings, manufacturing equipment, office and work equipment, and for infrastructure improvements. Ineligible RLF projects include: refinancing of existing debt, or payment to business owners/partners; purchase of an existing business (unless it also includes growth and expansion); projects without any supplemental financing; investments; general improvement loans for normal replacements (unrelated to expansion/ creation); agricultural production cost (ie, cultivation, production, harvesting); general purpose vehicles; working capital; individual residential construction projects; conflict of interest; etc. The minimum loan is $5,000; the maximum depends on the amount of available RLF funds at the time of the request. The project must have a minimum of 10% of equity infusion.
Other requirements apply. Contact Us for more information.
Commercial & Industrial Lighting Rebates
Revamping your lighting can be a relatively inexpensive change that earns you savings over the long haul, and we make the initial expense easier to absorb with incentives when you replace specific high-energy use bulbs, ballasts, or fixtures with specific low-energy use items. Participating members who meet the requirements of this program are eligible to receive a rebate that may not exceed 50% of the total project cost, up to a total maximum of $15,000.
Pre-approval is required. Learn more on our Rebates Page or contact Energy Services Coordinator Peter Niagu.
USDA Loans & Grants
Paulding Putnam Electric sponsors several low-interest loans and grants through USDA Rural Economic Development. We also offer economic development community assistance grants, including for site certification. Please call for details or see the next drop-down menu on the Revolving Loan Fund.