About OAQDA

      

The mission of OAQDA is to improve air quality by supporting businesses, creating jobs and improving communities while enhancing the health and safety of all Ohioans.

OAQDA’s power is drawn from its  enabling legislation, found in ORC Chapter 3706 (OAC).

OAQDA has the authority to:

  1. issue air quality revenue bonds, notes and refunding bonds;
  2. make loans and grants to governmental agencies for the acquisition and construction of air quality facilities
  3. make loans for air quality projects for industry, commerce, distribution or research, including public utility companies;
  4. acquire, construct and operate air quality facilities itself; and,
  5. engage in research and development with respect to air quality facilities.

Its primary purpose is to contribute to cleaner air in Ohio by assisting Ohio businesses to invest in air quality through the provision of conduit financing for the purchase, construction and/or installation of air quality facilities.

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History

50 years of Helping Businesses Clean the Air and Save Money.

Over the years, OAQDA’s role grew from its original mission to assist large Ohio industries in controlling air pollution and complying with the Clean Air Act of 1970. Current programs reflect the additional responsibility delegated by the Ohio General Assembly over the years. OAQDA is an advocate for and provides financial assistance for small businesses that need help to comply with clean air regulations, which was initiated in 1993. In 2019, the agency was appointed by the General Assembly to administer the Nuclear and Renewable Generation Fund Programs that began in 2020. These programs enhance OAQDA’s core services to serve businesses and communities of all sizes to meet their environmental and economic goals through our bond financing of clean air improvements.