: With the assistance of the City of Columbus Department of Development and Columbus 2020, the Central Ohio JobsOhio Network Partner, support from numerous entities can be secured to accelerate the redevelopment of brownfield or abandoned and under-utilized sites.
JobsOhio Revitalization Program
: The Program is focused on helping revitalize sites in preparation for end-users that support future job creation opportunities for Ohioans. The Program, comprised of both loans and grants, is available to public and private entities, including non-profits, seeking to cleanup and redevelop sites and associated costs including demolition, environmental remediation, building renovation, site preparation, and infrastructure improvements.
Ohio Brownfield Fund
: The Fund is a collection of funding sources that can be used to help plan, assess, and remediate brownfields - a piece of property whose redevelopment is complicated by the potential presence of environmental contaminants such as hazardous substances, asbestos, lead-based paint, and petroleum. Brownfield redevelopment allows a community to reclaim and improve its lands, making property viable for new development.
The Fund can provide technical assistance and small amounts of grant funding for planning of brownfield-impacted areas.
The Fund can provide loans up to $500,000 for Phase II Environmental Assessments. The loans can be made with flexible terms, including deferred repayment periods, up to a 10-year term, and below-market interest rates.
Projects seeking funding to perform a Phase I Environmental Assessment can be aided by the Ohio Environmental Protection Agency's Targeted Brownfield Assessment Program which can perform Phase I assessments free of charge.
The Fund can provide loans up to $5,000,000 for environment cleanup, including demolition associated with the cleanup of hazardous substances, asbestos, lead-based paint, and petroleum. There are no job requirements for this funding, but the borrower must show their ability to repay the loan. These loan funds can be made with deferred repayment periods, up to a 10-year term, and below-market interest rates.
Brownfield Grant Application
Property Assessed Clean Energy (PACE)
: Property Assessed Clean Energy (PACE) is an innovative way to finance energy efficiency and renewable energy upgrades to buildings. Interested property owners evaluate measures that achieve energy savings and receive 100% financing, repaid as a property tax assessment for up to 20 years. The assessment mechanism has been used nationwide for decades to access low-cost long-term capital to finance improvements to private property that meet a public purpose. By eliminating upfront costs, providing low-cost long-term financing and making it easy for building owners to transfer repayment obligations to a new owner upon sale, PACE overcomes challenges that have hindered adoption of energy efficiency and related projects in our nation's buildings. - See more at: