New Programming for Speculative Site Development
JobsOhio and Team NEO would like to invite you to an information session introducing new programming coming online in 2020 for speculative site development. During this session our team will roll out the new competitive grant/loan program that may be used for speculative site and/or building development, outline JobsOhio’s goals for filling gaps in the state’s existing property inventory, and lay the road map for how to seek support for your project
With $50 million allocated per year over the next five years ($250 million total), the Ohio Sites Inventory Program (OSIP) will be made available on a competitive basis to communities, port authorities, and private developers as eligible applicants. While both greenfield and brownfield development will be considered, priority will be given to projects that will produce in-demand inventory that is not currently being created by the private market in sufficient volumes. In-demand inventory definitions and examples will be provided during the information session, but are generally described as sites or buildings with proven data-based demand, capable of meeting the needs of high economic impact projects, especially with respect to potential for future job creation and capital investment.