Product development loans

Monday, May 09, 2005

Cuyahoga County, OH is beginning a new economic development initiative to encourage product development among manufacturers. The loans, which range from $15000-$45000, are designed to help develop new products. Read more.

This idea is not new. Connecticut's Product Development Corporation, founded in 1972, provides financial assistance to firms working on the development of new products when private financing isn't forthcoming. The significant issue for the Ohio program: are the loans big enough to make a difference?

posted by Ed Morrison |

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