$280 Million in ODOT TRAC Requests Creates Substantial Competition and Interest in P3s and EB-5 Transportation Funding
The Montrose Group.
Funding for “major new capacity projects” with the Ohio Department of Transportation (ODOT) are awarded through the Transportation Advisory Council (TRAC). Applications for TRAC funding were due on July 31, 2017, and 13 projects filed for a total of $280 M. The Ohio Transportation Budget, House Bill 26, recently enacted allocated $59.5 M in funding for Major New Program funding per year in the FY 2018-FY 2019 biennium, considerably less than the amount spent in this area during FY 2017. The high demand for state transportation funding will create substantial competition through the TRAC process as well as interest in exploring alternative P3 funding options. Click HERE for the full article. For access to the full article, click HERE.
September 1st Webinar – Multi-Billion Dollar Ohio Solar Industry and Its Benefits for Ohio Communities
Hear from experts about why utility scale solar development is so hot right now in Ohio. Webinar will highlight the multi-billion dollar economic benefits for Ohio communities and the opportunity to create thousands of jobs. Bonus- Ohio University will reveal key findings from the newly published study on the economic impacts of Ohio utility scale solar.read more
This year presented us with a lot of unexpected challenges. But as Ohioans, we don’t give up, and throughout this pandemic, we’ve demonstrated the value of our economic development network. The JobsOhio team is thankful for all you’ve done to help companies and your communities during this time. We have a long road still ahead of us, but JobsOhio believes this is the time to rebuild, improve and seize opportunities.read more
Looking to repeat the positive results of a pilot program implemented in one neighborhood over the past two years, the Montgomery County Land Bank has recently begun two more projects under its Thriving Neighborhoods Initiative.read more