Pioneer Is In OMAP

The village of Pioneer has joined the Ohio Market Access Program, administered by the Ohio Treasurer’s Office. OMAP is a credit enhancement program that leverages the state’s excess liquidity and high short-term credit rating to help improve market access and lower borrowing rates for local governments. Since its 2014 launch, OMAP has supported more than 255 deals, ranging from $365,000 dollars to over $100 million. There have been no defaults, and to date, OMAP has generated more than $4.5 million in estimated savings for local governments, that’s according to Ohio Treasurer Robert Sprague.