FINANCIAL_SERVICESONGOING

Delaware-Defiance Joint Economic Development District Contract April 2026

State AOFF funding backs Defiance infrastructure project

Approximately $14,609,200 AOFF Funding ($7,304,600 grant and $7,304,600 partially forgivable loan)Town of DefianceOHIO DEPARTMENT OF DEVELOPMENTApril 6, 2026

Trusted by teams at

Description

The Ohio Department of Development is extending approximately $14.6 million in All Ohio Future Fund grant and loan financing to Defiance County to construct public infrastructure for the First Quality Tissue Midwest project, secured in part by pledged JEDD income tax revenues. The partially forgivable loan component will be repaid from project‑generated revenues if forgiveness conditions are not met.

Contract Details

Contract Amount

Approximately $14,609,200 AOFF Funding ($7,304,600 grant and $7,304,600 partially forgivable loan)

Vendor

OHIO DEPARTMENT OF DEVELOPMENT

Agency

Town of Defiance, OH

Contract Type

FINANCIAL_SERVICES

Document Date

April 6, 2026

Contract Term

AOFF Funding awarded prior to or in 2025; loan outstanding until forgiven or repaid under AOFF Funding documents

Renewal Info

AOFF Loan is partially forgivable subject to project performance; repayment or forgiveness terms governed by AOFF Funding documents, with no automatic renewal described.

More from OHIO DEPARTMENT OF DEVELOPMENT