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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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Explore the 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

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:

Pre-Vet Form
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Diana Rife
Director, Sites
(614) 300-1154
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Terry Slaybaugh
VP, Sites and Infrastructure
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