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:

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