JobsOhio is prioritizing efforts to empower Ohio businesses with the resources they need to reach their potential. Since the start of 2020, we have worked on an inclusion strategy focused on investing in and driving job creation in distressed areas across Ohio – defined as those that have not recovered from the 2008 recession. JobsOhio also provides the capital needed to grow businesses in these communities and those owned by underserved populations.
A study on the economic impact of the area of Uptown Cincinnati was recently published by the University of Cincinnati Economics Center. The report summarizes the economic and financial impact of almost all of Uptown’s anchor institutions — Cincinnati Children’s Hospital Medical Center, Cincinnati Zoo and Botanical Garden, TriHealth, University of Cincinnati and UC Health — and the roughly 1,092 auxiliary businesses operating in Uptown’s five core neighborhoods: Avondale, Clifton, Corryville, CUF (Clifton Heights, University Heights, and Fairview), and Mt. Auburn.
You just caught that purple unicorn – now what? Ohio’s operating budget appropriates $500 million in grant funds for brownfield remediation and (commercial) building demolition
For many observers tracking the state budget bill, the General Assembly’s change in the name of the state’s development agency – reverting back to the Ohio Department of Development (ODOD) – was breathtaking in and of itself. However, two new funding lines inserted into the measure (H.B. 110), representing $500 million in total grant funds available during state fiscal year (SFY) 2022, have lassoed the purple unicorn. That is, an answer now exists to the question, “how will Ohio fund clean-up and demolition of legacy commercial and industrial sites?”
Millions of dollars remain available in four new grant programs that target businesses that have suffered significant losses during the COVID-19 pandemic.
The Ohio Department of Development is administering the grants. To apply, businesses can visit the For Businesses section at InvestingInOhiosFuture.Ohio.Gov. The site includes documents for each grant program’s terms and conditions, fact sheet, and frequently asked questions.
Even before the Work from Home movement was launched by COVID 19, the availability of broadband telecommunications network was an essential economic development tool. Access to digital services is reliant on a high-speed data services infrastructure. As the map below illustrates, rural communities throughout Ohio remain behind in the availability of broadband services.