Treasurer Sprague Announces OMAP Savings for the Village of Pemberville

COLUMBUS – The Ohio Market Access Program (OMAP) administered by Ohio Treasurer Robert Sprague has helped the Village of Pemberville (Wood County) enter the market and save an estimated $5,500 in interest costs over the next year. This issuance marks the first time that the village has utilized OMAP to achieve savings.

“OMAP provides local governments with a way to save money while investing in critical infrastructure projects,” said Sprague. “We welcome the Village of Pemberville as our newest OMAP partner, and we’re proud to work with the community as they drive down borrowing costs while updating the village’s electrical systems.”

The OMAP credit enhancement will help the Village of Pemberville to achieve significant savings on interest costs. The note was issued to finance replacements of a transformer, circuit breaker, and switchgear at the village’s Electric Street Substation.

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 275 deals, ranging from $365,000 to over $100 million. There have been no defaults, and to date, OMAP has generated approximately $5 million in estimated savings for local governments.

Any government subdivision in good fiscal standing, including cities, villages, school districts, counties, townships, and special districts, issuing short-term debt is eligible to participate. For more information, visit