Tag: Ohio Department of Development

Ohio House Passes Bill Aimed at Nuclear Power Development

The Center Square

“In recent years, there has been a global shift in attitudes toward the development of new nuclear technologies to deploy scalable clean energy,” Rep. Dick Stein, R-Norwalk, said. “This legislation will bring Ohio to the forefront of advanced nuclear innovation and strengthen our domestic supply chains. This legislation is a proactive measure to tell the federal government Ohio is here to be a solution to find a clean, carbon-free energy source.”

The new authority, according to a news release, would be responsible for the development of advanced nuclear reactor commercialization, isotope production and nuclear waste reduction.

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Ohio Gives $10 Million to Meat Producers to Help Supply Chain

The Center Square

Ohio is offering $10 million in grants to livestock and poultry producers across the state to help farmers increase capacity and ease growing stress on supply chains, Gov. Mike DeWine announced.

The plan is to offer 40 Ohio producers grants of up to $25,000, with half the money provided before projects start and the other half awarded after companies show the money was spent on eligible costs.

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Ohio Offers $2 Billion in Incentives to Land Intel Facility

The Center Square

Ohio government leaders say nearly $2 billion in incentives and tax breaks given to Intel to build a $20 billion manufacturing facility outside of Columbus will come back to benefit the state.

Ohio Department of Development Director Lydia Mihalik said Friday that Intel will receive a $600 million grant for building its two plants, plus another $691 million in infrastructure development. The company also will be eligible for another $650 million in job creation tax credits over 30 years.

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Ohio Budget Revives Brownfield Remediation Program to Spur Redevelopment

Brian Ball

The recently enacted state government budget will create a $500 million brownfield remediation fund designed to spur the cleanup and redevelopment of former industrial sites and other environmentally damaged properties throughout the state.

A last-minute addition to the two-year, $74 billion operating budget Governor Mike DeWine signed on June 30 revives the Clean Ohio Revitalization Fund (CORF) program shut down under former Governor John Kasich in 2013. The reconstituted program will offer $350 million over two years toward cleaning up and revitalizing brownfields and another $150 million for the demolition of vacant and abandoned properties in Ohio communities.

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