Chamber Facilitates New Research & Development Grant Program

Aug 03, 2016
Eligible businesses may now apply for the new JobsOhio Research & Development Grant—facilitated in Mahoning and Trumbull counties by the Regional Chamber, as the designated TeamNEO partner—for projects that support the development and commercialization of emerging technologies and/or products that align with one or more of JobsOhio’s targeted industries.
Eligible businesses may now apply for the new JobsOhio Research & Development Grant—facilitated in Mahoning and Trumbull counties by the Regional Chamber, as the designated TeamNEO partner—for projects that support the development and commercialization of emerging technologies and/or products that align with one or more of JobsOhio’s targeted industries.
The goal of the grant program is to facilitate new R&D activity throughout Ohio in the areas of advanced manufacturing, aerospace and aviation, automotive, biohealth, financial services, food processing, information technology, logistics and distribution and shale energy and petrochemicals
“While our Valley has already experienced success in most of these industries, we’re targeting opportunities in others, so potential access to R&D grant funds would not only have a significant impact locally but across the state, as well,” said Sarah Boyarko, senior vice president of Economic Development.
A grant may provide funding for a portion of the costs related to qualified research expenses and satisfy operational, equipment or facility needs such as industry-driven, value-added applied research; software development; and developing technologies that can be commercialized.
Grant decisions will be based on a number of project factors, including, but not limited to, job creation, new payroll, fixed-asset investment commitments and project location. 
To learn more about the R&D Grant program and qualifications, businesses should contact Boyarko at (330) 744-2131, ext. 1108, or Sarah@regionalchamber.com. The Regional Chamber is the local point of contact for project assistance from JobsOhio and to date, in 2016, has worked to secure more than $924 million of investment in the Valley.