The Ohio Department of Development (ODOD) released a notice yesterday highlighting the availability of funding through three urban development programs designed to promote economic growth and redevelopment in a variety of industrial, community and commercial settings.
Round 7 of the Ohio Historic Preservation Tax Credit is accepting applications until Friday, September 30, 2011. A total of $30 million in tax credits is available for allocation. Projected to leverage $1.5 billion in private redevelopment funding and federal tax credits, the program has benefited 35 projects.
The Brownfield Action Plan Pilot Program is a new initiative that assists communities in the expedited development and implementation of an area-wide Brownfield Action Plan. Round 1 of applications is open until Friday, October 14, 2011. The maximum level of assistance will be approximately $50,000 per grantee.
The Job Ready Sites Program is now accepting applications for Round 4 and must be submitted to the District Public Works Integrating Committees by Tuesday, November 1, 2011. The grants, created to enhance the state's portfolio of industrial and commercial sites, are capped at $3 million or $750,000 depending on the intensity level of the project.
For more information, please visit the ODOD Urban Development Division or view the press release.
