The JobsOhio Revitalization Program funding consists of loans and grants for projects that would otherwise have funding gaps, retain and create jobs, and address environmental risks. The funding can be used for:
Environmental Assessment and Remediation Funding
Under the JobsOhio Revitalization Program Loan and Grant Fund, JobsOhio offers revitalization grants to fund Phase II environmental assessments of sites where development and job creation are likely. The assessments identify environmental risks and outline steps to mitigate them. In addition, a project may support the need for flexible, low interest loans as a way to provide additional funding support.
Once the site has preliminary cost estimates for the redevelopment project, which may or may not include remediation, JobsOhio will work with an organization to determine what level of assistance might be available.
For more details on the JobsOhio Revitalization Program, eligibility and assessment funding, click the button below:
Why Consider Revitalization
A brownfield site can be redeveloped for uses ranging from office and industrial, to mixed-use, depending on the location and characteristics of the property and market factors.
Redeveloped brownfield sites offer companies and local areas certain benefits over greenfield development, such as:
- Access to existing workforce in the area with known traffic patterns.
- Reusing existing utilities.
- Reducing blight.
- Improving the local environment by cleaning up contamination.
Interested to learn if your company qualifies for the JobsOhio Revitalization program?
Get in touch and we'll help determine the best fit for your investment in Ohio.