Ohio Site Inventory Program

Program goals include:

• Fill gaps in Ohio’s real estate inventory

• Assist with mitigating developer risks preventing development

• Accelerate the process of bringing in-demand projects and sites online

JobsOhio seeks a diverse portfolio of inventory types and locations such as:

• Both sites and buildings

• Small, medium, and large projects

• Office or R&D, as well as manufacturing, warehousing, and distribution

• Urban, suburban, and rural locations

• Developed real estate that aligns with one of JobsOhio’s targeted industry sectors

Other Key OSIP Components:

• A lead development entity (i.e., community, port authority, private developer, etc.) should be identified

• Loans will typically support new construction

• Grants will typically support costs associated with demolition, environmental remediation, building renovations, site preparation, and infrastructure improvements

OSIP Projects will be evaluated based on the following guiding principles:

• A clearly identified lead development entity

• Phase I Environmental Site Assessment (ESA) must be completed

• Phase II ESA must be completed if the Phase I recommends it

• Program is reimbursement based

Strongly Preferred:

• Diverse statewide portfolio

• Experienced development partner

• 30+ acres for site development (no proposed building)

• New building construction is typically supported by a loan

Prioritized:

• Projects anticipated to result in near-term job creation

• Brownfield redevelopment projects

• Projects that fill inventory gaps within JobsOhio targeted industry sectors

Program funding comes from a combination of grants and loans to be used as a development accelerator that fills current funding gaps:

• 5 years: July 2020 through June 2030

• $50 million: Annual program funding ($250 MM total)

• $2 million: Max grant per project

• $5 million: Max grant/loan combination per project

• 50%: Max JobsOhio contribution toward total project costs