Bill Bishilany, Deputy Treasurer of State, Director of Economic Development
Office of State Treasurer Josh Mandel
The Economic Development Department has the ability to invest up to 12% of the state's investment portfolio - about $600 million per year - in special projects that support job growth, promote financial stability, and assist the operations of Ohio's farmers. To fund such programs, the Treasury places deposits with approved Ohio banks at reduced rates. The state agrees to earn lower rates when participating banks partner with the Treasury to offer loans that promote economic development in Ohio.