Emergency Loan Fund
The Emergency Loan Fund is intended to provide short- to mid-term loans to local businesses impacted by the COVID-19 pandemic. The Port Authority will administer the Loan Fund with review of the applications undertaken by staff, in conjunction with staff from the Ohio Small Business Development Center. Loans are projected to be between $1,000 and $5,000 with low interest rates (1.0 - 2.5 percent). A one percent origination fee will be assessed. It may be possible to defer initial payments up to six months, and loan terms will be between two and five years, with no penalty for early repayment.
Specifically charged with economic development and job creation, Port Authorities in Ohio can take advantage of their legal authority to encourage and enhance economic development opportunities for businesses to start and grow. The Clinton County Port Authority (CCPA) was established in 2004 by the Clinton County Commissioners.
In June of 2010, the Clinton County, Ohio, Port Authority took ownership of the Wilmington Air Park. It now operates and manages over 1,900 acres surrounding the two-runway, fully functional Part 139 airport. Nearly 3 million square feet of office, warehouse and hangar space are included in the airport property. In 2019, the Port Authority was designated as the economic development organization for Clinton County and all county development efforts are now concentrated through the Port Authority.
Today, the Clinton County Port Authority is the first stop for businesses looking to expand into Clinton County and local businesses looking to grow.
The Clinton County Port Authority is governed by an all-volunteer board appointed by the Clinton County Commissioners. Board members serve four-year terms.
Back Row: Chair Walt Rowsey, Secretary/Fiscal Officer Larry Laake, Jim West, John Settlemyre, Brian Smith
Front Row: Renee LaPine, Vice Chair Beth Ellis