$150 million in Advanced Energy
Ohio is the fourth largest consumer of energy in the nation; a result of being a top manufacturing location. Growing advanced energy technologies in Ohio offers an opportunity to expand the state's wealth in manufacturing and research and development to transition to new products. This fund will retool production lines and retrain workers. From glass for windshields to glass for solar panels, from parts for aircraft engines to parts for wind turbines; propelling Ohio energy technologies toward commercialization to produce cleaner, domestically secure energy.
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$100 million in
Ohio's Biomedical Industry
Ohio is a leader in the ever-growing biomedical industry, and this investment will support the strong biomedical sector emerging in Ohio. This program will build on the successful investments the state has already made in the biomedical industry and will encourage innovation, development and commercialization of biomedical products and the expansion and attraction of high job growth potential biomedical companies. We will be saving lives by fueling investment in new medical products.
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$50 million in Bioproducts
This investment will develop and expand the State of Ohio's emerging bioproducts industry by leveraging the state's tremendous private, public, and academic assets. Ohio is a leader in the agricultural, polymer, chemicals, and advanced materials industries. By aligning these industrial sectors, the state is poised to be a world leader in a new market - products made from biobased materials. Facing increasing costs (and decreasing consistent supply) of petroleum, the time is right for Ohio to focus on our strengths in biobased materials to replace or improve upon traditional petroeum-based feedstocks. With our research expertise in this field, as well as our strong agriculture industry, this investment will solidify Ohio as a national leader in bioproducts.
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$100 million in Ohio's Logistics and Distribution Infrastructure
With its unparalleled infrastructure, Ohio is the premier international gateway and logistics hub in North America. By investing in projects that will help expand connections to logistics and intermodal centers, improve the flow of freight and increase access to new markets, we will continue building a competitive edge in the logistics industry, spurring economic development and increasing employment opportunities within Ohio.
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$250 million in Ohio's Higher Education Workforce Initiative
This investment in our workforce aims to keep our college-educated Ohioans in the state by linking them with good internships, cooperative education programs and jobs while they earn their degrees. Matched with private sector investments, this, along with the Chancellor Fingerhut's 10 year strategic plan, will make Ohio a leader in higher education and will allow us to develop a world class workforce.
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$400 million in the
Public Works Commission
Funds will be distributed using the existing public works process allowing Ohio to partner with our counties, municipalities, and township governments. The existing process distributes funds to all regions of the state with project funding decisions being made at the local level. This investment will allow Ohio to quickly infuse resources into our local communities to meet the critical infrastructure needs throughout the state. These strategic investments will improve local roads, bridges, water, sewer, stormwater and solid waste projects.
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$120 Million in the Historic Preservation Tax Credit
This tax credit will revitalize historically significant buildings that expand the tax base of local communities throughout Ohio. This place-based redevelopment strategy will allow for the restoration of historic properties which are often the centerpiece of their community and are irreplaceable remnants of Ohio's storied history. Preserving their integrity will help keep vital a number of one-of-a-kind properties that allow us to preserve a piece of our history as we continue to build for our future
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$400 Million in the
Clean Ohio Fund
Conservation and revitalization are essential to Ohio's future and the Clean Ohio Fund is our state's nationally-recognized model that invests in both. With the addition of $400 million to the Clean Ohio Fund, we will help meet the growing demand for brownfield redevelopment and farmland preservation, as well as support trails and green space projects. Brownfield funds for assessments, cleanup, and demolition are critical for returning neglected property to productive uses in our towns and cities, while the farmland investments preserve the lands of Ohio and our future in agriculture. In November 2008, this place-based initiative was strongly approved by Ohio voters with bipartisan support.
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