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Financial Benefits of OAQDA Financing

The incentives offered to Ohio small businesses through the Clean Air Resource Center can help business owners recover a portion of their investment in equipment and facilities that address air quality. The CARC program offers grants equal to 30 percent of equipment costs, and grants are capped at a maximum of $30,000. Once projects are funded, grants are awarded to help cover closing costs as well as principal payments on the equipment after it has been installed and operational for at least six months. CARC financing packages are structured to suit the needs of individual projects and incentivized through conduit bonds issued by OAQDA. These bonds can be federally tax-exempt or taxable, and all are exempt from Ohio income, real property, sales and use taxes for the term of the financing

Can the Clean Air Resource Center help your business?
We will work with any Ohio company covered by the Clean Air Act—which includes hundreds of different industries. Basically, if you own a business with 100 employees or fewer that bakes, brews, mills, molds, paint, prints, refines, repairs, treats or transports—we can help you with pollution control. Still not sure? Feel free to call us at 1-800-225-5051. We'd be glad to help you determine if your company qualifies.
Why Should you Consider Financing through the Clean Air Resource Center?

When you get assistance for pollution control or prevention equipment through CARC, you'll enjoy a wide range of unique benefits—most of which are not available through banks or private lending organizations. They include:

  1. Tax Exemptions
    We exempt sales tax, real and personal property tax and corporate franchise tax.

  2. Broad Eligibility
    We can help any small business covered by the Clean Air Act.

  3. Easy Application Process/Minimal Waiting Period
    When you apply for assistance through CARC, you won't have to deal with a lot of red tape. Our application process is short and simple. And once you've applied, you won't have to wait long for approval. We can usually give you an answer in 30 days or less.

  4. Work With Your Current Lender
    Our financing is designed to work through your lender of choice. If you already have a relationship with a bank or other lender, we are happy to work with that organization. Once the financing is approved, your loan will be handled strictly by you and your lender—our involvement becomes essentially invisible.

The Clean Air Resource Center has helped hundred of Ohio business come into compliance with pollution control regulations—and, as a result, those companies have saved money and become more efficient. To learn how CARC help your business, call 1-800-225-5051.