OH SB110

Creates "program three" for rural business growth funds with $150 million in eligible investment authority and $90 million in credit-eligible capital contributions, adding to existing programs one and two which each have $75 million in eligible investment authority

Expands employee size limit for eligible operating companies under program three to fewer than 299 employees, compared to fewer than 250 employees for programs one and two

Establishes "tier four rural area" as any county in Ohio's Appalachian region, with program three requiring at least 50% of investments in tier four areas and at least 75% in tier two, three, or four areas combined

Increases maximum growth investment per business concern from $5 million (program two) to $7.5 million for program three rural business growth funds

Reduces tax credit carryforward period from four years to two years for credits issued under program three, and modifies the state reimbursement calculation to provide $60,000 per new full-time equivalent employee for investments in tier three or tier four areas (versus $30,000 for tier one or two areas)