Member Spotlight

Member Spotlight: Columbus Franklin County Finance Authority

January 11th, 2024

Member Spotlight by Columbus Franklin County Finance Authority.

Provide us with a brief summary of your business’ services

The Columbus-Franklin County Finance Authority is a public agency that provides creative and timely financing solutions for economic development projects in Central Ohio.

One of the products we offer is our small business direct loan program. This program is designed to support small businesses and facilitate investment and growth in and around Franklin County. Our neighborhood improvement small business program provides low interest, fixed-asset-based financing to qualified applicants. Loans may be used by established business’s facilitating the purchase of land, buildings and/or building renovation and the purchase of heavy machinery and equipment that is not easily moved.

Tell us about your company’s mission and values

Historically, the Finance Authority is a small but impactful public finance agency that partners with economic developers, small businesses, government entities and banks. The agency provides creative funding options for projects in the private, non-profit and public sectors.

Established in 2006 by legislative action of the Columbus City Council and the Franklin County Board of Commissioners we are organized as a port authority under Ohio law.  Port authorities are partners in activities that enhance, foster, aid, provide or promote transportation, economic development, recreation, education, governmental operations, or research within the jurisdiction of the port authority. We consider ourselves a friendly lender and project partner with a mission to promote business investment and job creation. 

What are the services you use the most (or are looking forward to using) from the Columbus Chamber?

We are looking to maintain and grow our partnership with the Chamber of Commerce on all fronts.  Simply put, we are looking to increase the visibility of our small business loan program as this will increase awareness, aid in business development, and connect us with local business’s that could potentially benefit from our services.

How do you stay engaged with trends that you see in your industry?

Between the combined industry experience of our immediate team, our dedication to public service, as well as the partnerships and networking we have developed across the vast landscape of local economic development practitioners we are constantly at the forefront of industry trends.

What makes Columbus such a great place to do business?

Its unique regional positioning in combination with a strong local economy that’s driven by the people that call Columbus home.

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