March 18, 2020
JobsOhio recently introduced its Ohio Site Inventory Program that will offer $50 million annually over the next five years to prepare speculative sites/building development projects. The $250 million program will run through 2024 and will be distributed through loans, grants, and direct vendor/consultant payments.
JobsOhio anticipates issuing grants up to $2 million and could structure a grant/loan combination for up to $5 million. Funding is available for up to 50% of the total project costs; the cost-share must be incurred following the agreement effective date. Eligible activities include demolition, lead-based paint and asbestos abatement, remediation, site preparation, building renovation or new building construction, and new or updated infrastructure. Building or land acquisition may be considered eligible for partial funding. Eligible applicants are local governments, port authorities, non-profits, businesses, and developers.
Hull has experience with the pilot phase of this program and can provide important support to applicants and team members. Hull has more than 40 years of experience transforming brownfields and under-utilized properties into viable assets. We have worked closely with clients to assist with speculative site planning and development. We can assist with preparing funding applications; Phase I and Phase II environmental site assessments (ESAs); remedial planning and oversight; ecological surveys; rare, threatened and endangered species studies; geotechnical investigations; surveys; utility and infrastructure studies and extension/improvement plans; and site development plans and improvement oversight.BACK TO ALL ARTICLES