State announces more than $1M investment in infrastructure, business growth

The Ohio Department of Development recently announced that it is releasing more than $1 million for an allotment of projects that include infrastructure development and business growth.
 
Last month, the Ohio Controlling Board approved more than $900,000 through its roadwork and cleanup grants and $100,000 as part of the Regional 166 Direct Loan Program.
 
"Investing in infrastructure and business is vital in supporting economic development,” said Lydia Mihalik, the director of the Department of Development. “Some of these projects will beautify their communities, and others will provide a lift to the businesses that make a difference in the lives of so many.”
 
The Wood County Port Authority will receive $681,000 Roadwork Development Grant in support of the First Solar, Inc., project in the City of Perrysburg. The Roadwork Development Grant, also known as the 629 program, assists with eligible public roadwork improvements and aids employers in creating or preserving employment opportunities.

As part of the Station Cleanup, the community of Bidwell in Gallia County is receiving $250,000 for assessment and cleanup activities.

A $100,000 release was approved for Farnsworth & Crance Holdings, LLC, to assist in financing the purchase of a 9,980 square-foot building in Youngstown that will enhance efficiencies and facilitate business growth and employment as part of the Regional 166 Direct Loan Program. The Regional 166 Direct Loan Program provides low-interest loans to businesses with limited access to capital from private sources of funding.
 
The Ohio Department of Development empowers communities to succeed by investing in Ohio’s people, places and businesses. Learn more about at development.ohio.gov.