Intel’s first required progress report shows a $1.5 billion expenditure and another $3 billion committed to what Ohio officials call the largest single private-sector investment in state history.
The report, submitted to the Ohio Department of Development, is part of $2 billion in incentives for the two planned microchip manufacturing facilities in Licking County, including taxpayer-funded grants and tax incentives.
Read the full story
Eighteen businesses in East Palestine, Ohio have been approved for more than $3.3 million in forgivable loans to assist with recovery efforts lingering from February’s train derailment.
Read the full story
Ohio plans to give another $175 million in taxpayer money to communities around the state to clean up contaminated properties and get them ready for use again.
The new money adds to the $350 million the state handed out for 313 projects in 83 counties earlier this year. Gov. Mike DeWine says it gives sites a second chance at life.
Read the full story
Ohio Governor Mike DeWine, Lt. Governor Jon Husted, Ohio Department of Development Director Lydia Mihalik, and JobsOhio President and CEO J.P. Nauseef announced on Monday that Joby Aviation Inc. plans to build an electric air taxi manufacturing facility in the state.
According to the press release, the company will build the facility at the Dayton International Airport and anticipates the project to create 2,000 new jobs in the area.
Read the full story
Ohio Governor Mike DeWine, Lt. Governor Jon Husted, and Ohio Department of Development Director Lydia Mihalik announced that the state plans to spend approximately $111 million to support Ohio tech-based companies.
According to a press release, two new funds, the Ohio Early Stage Focus Fund, and the Ohio Venture Fund, will aid in boosting early-stage capital investments in Ohio technology-based businesses, accelerating the growth of high-potential businesses, and creating an environment that encourages the growth, retention, and recruitment of technology businesses to Ohio.
Read the full story
Ohio Senate President Matt Huffman (R-Lima) announced last week the creation of a new Senate Select Committee to discuss housing affordability, community growth, and the steps the legislature can take to improve Ohioans’ access to home ownership.
According to Huffman, the committee will hold hearings around the state to learn and discover what the state can do to remove barriers to home ownership in Ohio. Some issues to be discussed include housing shortages, inflation, taxes, and affordability.
Read the full story
Ohio Governor Mike DeWine and Lt. Governor Jon Husted announced that Amazon Web Services is expanding its data center operations in central Ohio making the second-largest single private sector investment in Ohio’s history.
DeWine said that Amazon Web Services will invest an estimated $7.8 billion by the end of 2029 expanding its data center operations in the state and creating hundreds of new jobs. The new data centers will be equipped with networking hardware, computer servers, data storage devices, and other types of technology infrastructure needed to support cloud computing.
Read the full story
Ohio Governor Mike DeWine, Lt. Governor Jon Husted, State Senator Michael Rulli (R-Salem), and State Representative Monica Blasdel (R-Columbiana County) announced that the state of Ohio is offering zero-interest, forgivable loans of up to $1 million to businesses affected by the catastrophic East Palestine train derailment earlier this year.
Read the full story
The Ohio Senate introduced its version of the state’s new two-year $85.7 billion budget bill highlighting significant reforms for education policy, tax policy, and homeownership programs.
The budget includes income tax cuts, universal school vouchers, and a plan to remove the majority of the power of the state Board of Education and superintendent.
Read the full story
The Ohio Department of Development along with director Lydia Mihalik announced that Ohio is awarding $30 million in American Rescue Plan Act funding to support minor league sports teams statewide.
Eight minor league sports teams across the state will receive grant funding totaling $30 million as part of the Minor League Relief Grants administered through the Ohio Department of Development. Six of the state’s seven minor league baseball teams and two of the state’s minor league hockey teams are to receive the funding.
Read the full story
Ohio Governor Mike DeWine, Lt. Governor Jon Husted, and Ohio Department of Development Director Lydia Mihalik have announced that the state of Ohio is awarding more than $23 million in American Rescue Plan Act funding to support arts organizations statewide.
One hundred thirty-nine organizations based in 35 counties will receive grant funding totaling $23,252,605.78 as part of the first round of the Ohio Arts Economic Relief Grant Program. The grant program was created in partnership with the Ohio General Assembly as part of a bill sponsored by State Senator George Lang (R-West Chester), which was later merged into House Bill (HB) 45. Over 400 groups applied for grants.
Read the full story
“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.
Read the full story
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.
Read the full story
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.
Read the full story
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.
Read the full story
JobsOhio has received a clean audit for its most recent fiscal year, but what does that mean?
Read the full story