$500 Million Available for Brownfield Funding in Ohio

Sep 27, 2021News, Newsletter

Michael Weinstein, P.G., C.P.
Patriot Engineering and Environmental

 

 

Ohio’s 2022-2023 budget recently signed by Governor DeWine, allocates $500 million in new brownfield funding. Funding will be administered by the Ohio Department of Development (ODOD) which must adopt rules for allocation of brownfield funding and the demolition program. The rules will determine project eligibility and administration of the program.

The program is set to be operational in the fourth quarter.

Program Highlights

Brownfield Remediation

  • $350 million allocated for investigation, cleanup, and revitalization of brownfield sites
  • $1 million in funding per county (total of $88 million) is reserved for each of Ohio’s 88 counties
  • Remaining $262 million in funding is to be provided to eligible projects on a “first come, first served basis”
  • Up to 75% of each project cost will be funded – requires a 25% match

Building Demolition and Site Revitalization

  • $150 million allocated for demolition of vacant or abandoned commercial or residential buildings and revitalization of surrounding properties
  • $500,000 in funding per county (total of $44 million) is reserved for each of Ohio’s 88 counties
  • Remaining $106 million in funding is to be provided to eligible projects on a “first come, first served basis”
  • Up to 75% of project costs will be funded – requires a 25% match

 

Patriot salutes Ohio for their leadership and foresight to promote urban development and eliminate blight. Questions regarding the new brownfield remediation funding can be directed to Michael Weinstein, P.G., C.P. at MWeinstein@PatriotEng.com or 513-283-0975.

OEDA Names David Zak as Next President & CEO

FOR IMMEDIATE RELEASE Contact: Mark Barbash Interim President & CEO, OEDA Director, Ohio Economic Development Institute mbarbash@ohioeda.com 614-774-7599 OEDA Names David Zak as Next President & CEO 28-year Economic Development Veteran to Lead State...

read more