Ohio Development Services Agency launches Ohio Vacant Facilities Fund to find new uses for abandoned sites

The Ohio Development Services Agency recently launched the Ohio Vacant Facilities Fund, which will offer a $500 grant to for-profit employers for every new full-time position created in eligible vacant and underutilized buildings, according to a press release from the agency. The “law authorizing the program was signed into law” on May 4, 2012, by Gov. John Kasich and allocated $2 million through August 2015 in an effort to “find new uses for unoccupied buildings,” Business Courier reports. Employees must be employed for a year before the employer can receive the grant as a reimbursement for costs related to “acquisition, construction, enlargement, improvement, or equipment” for the facility, the article said. For more, read the full story and the press release.

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