Governor DeWine Announces Guidelines for $750 Million All Ohio Future Fund

If our team can be of help, please contact our Client Success Manager, Steph Mazzocco for more information.

The All Ohio Future Fund, announced by Governor DeWine, Lt. Governor Husted, and Director Mihalik, provides $750 million to enhance local infrastructure for economic development in Ohio. It aims to prepare sites for future projects, boosting the state's economic growth. The fund, created in partnership with the Ohio General Assembly, will open applications in early 2024 to various local government entities and organizations. Awardees will receive primarily 0% interest loans, some forgivable, to cover eligible costs like public roadwork and site enhancements.

The program application will open in early 2024 to local government entities, including counties, cities, villages, townships, port authorities, community improvement corporations, transportation improvement districts, land banks, nonprofit organizations, and for-profit organizations willing to develop project-ready sites. Applications will be received and awarded on a rolling basis.

Awardees will be expected to find site occupants within five years. Eligible costs include public roadwork, water and wastewater infrastructure, design and engineering, demolition, wetland mitigation, utility gap funding, and one-time site enhancements. Funding will primarily come in the form of 0% interest loans that may be partially forgivable.