OH SB362

Increases maximum eligible investment authority from $75 million to $150 million that development services agency may approve for rural business growth funds.

Increases maximum credit-eligible capital contributions from $45 million to $90 million that insurance companies may claim for investments in rural business growth funds.

Requires applicants to demonstrate $100+ million in prior investments with at least $50 million in rural operating companies to qualify for certification.

Mandates revenue impact assessment showing business plan will generate positive economic impact exceeding cumulative tax credits over ten-year period.

Bill purpose is to foster small business expansion and permanent job creation in rural Ohio counties by increasing access to growth capital.