Ohio Site Inventory Program
Grants and low-interest loans for speculative job-ready development projects
The primary goal of the Ohio Site Inventory Program (OSIP) is to fill gaps in Ohio’s real estate inventory with real estate targeting near-term sector wins to ensure our state is more competitive for reactive site selection projects.
The OSIP offers grants and low-interest loans to support speculative site and building development projects with no identified end user.
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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:
Required:
- 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 2025
- $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
Ohio Site Inventory Program Pre-Vet Form
Prior to developing a proposal, JobsOhio recommends you complete and submit its OSIP pre-vet form. We will follow up with you about your project. Not sure if you qualify? Please review: