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ARTICLE · 02 AUGUST 2021

H.B. 110 Appropriation Items For Local Economic Development

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The State of Ohio's recently enacted budget bill includes economic development appropriations for Ohio Department of Development new and/or continuing programs.

United StatesStrategy
Raymond Headen
Raymond Headen
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The State of Ohio's recently enacted budget bill includes economic development appropriations for Ohio Department of Development new and/or continuing programs.

Some of the major benefits of these appropriations are as follows:

  1. Broadband: The language in the budget bill strips out the Senate's proposed limits on existing and future municipal broadband networks. $230 million is appropriated in SFY 2022 and $20 million is appropriated in SFY 2023 new broadband expansion.
  2. Ohio Rural Industrial Park Loan Program: The budget bill appropriates $15 million in both SFY 2022 and SFY 2023. It expands the eligibility for the program beyond certain distressed areas by including rural areas in the program, which are any county not within a statistical metropolitan area (MSA), as well as transfers $20 million in unencumbered funds to SFY 2022.

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