The Research and Development Investment Loan Fund was created to promote economic development, business expansion and job creation by encouraging private-sector Research and Development investments. The Ohio Department of Development's Research and Development Loan Fund provides assistance in the form of a low-interest loan, partnered with a tax credit.

Businesses that meet the program requirements (i.e. job creation commitments, timely loan repayments, commitment to Research and Development activities, etc.) will be eligible for a dollar-for-dollar credit against their Ohio tax liability, equal to the amount of principal and interest repaid on the loan. The maximum annual credit is $150,000. The credit will be non-refundable, but can be carried forward.