Federal Budget: Funding for Key #EconDev Programs
Federal Budget: The omnibus spending bill passed by Congress in March authorized favorable spending levels for 2018 for federal economic development programs, including:
- Economic Development Agency – 302 million for fiscal 2018; about $26 million above fiscal 2017;
- Manufacturing Extension Program – received $140 million; $10 million above fiscal 2017;
- CDBG – received roughly $3.3 billion; $365 million about fiscal 2017;
- TIGER – received $1.5 billion; $1 billion above fiscal 2017 ;
- Rural Business-Cooperative Service – received roughly $77 million; about $12 million above fiscal 2017
- Employment and Training Administration apprenticeship opportunities – received $145 million; $50 million above fiscal 2017;
- Minority Business Development Agency – received $39 million; $5 million over fiscal 2017, and
- Appalachian Regional Commission- received $155 million; $3 million over fiscal 2017.
ODOD releases rules and program guidelines for Brownfield Remediation Program and Building Demolition and Site Revitalization Program
The Ohio Department of Development (ODOD) released rules and associated program guideline documents (Brownfield Remediation and Building Demolition and Site Revitalization) to govern the disbursement of $500 million in total grant funds for distressed properties in Ohio. Governor DeWine’s signature of H.B. 110 on June 30, 2021, set in motion the creation of two massive funding sources that are now available to community and economic development stakeholders: Brownfield Remediation Program (see R.C. 122.6511) and Building Demolition and Site Revitalization Program (see R.C. 122.6512).
read moreCompanies Can Apply Now for Ohio Export Internship Program
The Ohio Export Internship Program matches businesses interested in growing exports with highly motivated college students who have taken export-focused coursework. The Ohio Department of Development offers participating small to medium-sized businesses a 50 percent reimbursement for the wages of the intern.
read moreGrowth of Ohio’s Bioscience Ecosystem Presents Incredible Opportunity
This is an incredibly exciting and auspicious time for Ohio’s bioscience, health and life sciences industries, with incredible growth and massive record investment in recent years. In 2020, bioscience companies in the state attracted a record $3.3 billion from sources including venture capital, exits, angel investment, federal research grants and other state initiatives.
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