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Up to $750 million is available from the Ohio Department of Development to support infrastructure costs to prepare potential job creation sites for new development (KJP). Click on the image to enlarge.
Funding supports grassroots development of project-ready sites
Governor Mike DeWine, Lt. Governor Jon Husted, and Ohio Department of Development Director Lydia Mihalik yesterday announced a $750 million grant to help communities with infrastructure costs to build project-ready economic development sites. announced that funds are now available.
Applicants can submit site proposals as part of the funding process. All Ohio Future Fund. This program is designed to attract future economic development projects in Ohio by increasing the number of project-ready locations in the state.
“Building and sustaining a thriving Ohio starts with making significant investments in our communities,” DeWine said in a written statement. “By increasing our inventory of project-ready sites across the state, we are laying the foundation for widespread, sustainable development that will be felt by everyone who calls Ohio home.”
The All-Ohio Future Fund is available to local governments, including counties, cities, villages, townships, port authorities, community improvement corporations, transportation improvement districts, land banks, nonprofit organizations, and for-profit entities interested in developing project-ready sites. available. . The awardee is expected to find him an occupier for the premises within five years.
Eligible costs include public road work, water and wastewater infrastructure, design and engineering, demolition, wetland mitigation, utility gap funding, and other temporary site enhancements. All Ohio Future Fund funding comes primarily in the form of zero-interest, partially forgivable loans.
The goal of the All Ohio Future Fund is to make Ohio more attractive for jobs and investment (Ohio Department of Development).
“As more companies look to build domestic supply chains, the demand for field-ready jobs has never been greater,” Husted added. “No one does it better than Ohio when it comes to building what America needs to live and thrive.”
The DeWine Husted administration partnered with the Ohio General Assembly to establish the All-Ohio Future Fund. The funding was made possible by House Bill 33, the 2024-2025 biennium budget bill. The Ohio Department of Development administers the program in conjunction with the Office of Budget and Management.
“Some of the world’s most innovative companies have left Silicon Valley to build new legacies here in the Silicon Heartland. I would like to secure it. This momentum” said Mihalik.
“The resulting jobs support Ohio families, and our children and grandchildren no longer have to leave Ohio to find great career opportunities,” Husted said. “They can live their version of the American dream without leaving Ohio.”
Applicants can submit proposals to be eligible for the All Ohio Future Fund by email to AOFF@development.ohio.gov. Interested applicants may submit a Site Development Proposal addressing the questions and materials set out in his IOI checklist, narrative format, and data format available on his web page for the program, or an Indication of Interest ( IOI) must be submitted. Proposals will be accepted and awarded on a rolling basis until funding is exhausted.
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