Is Your Site Eligible For State Funds?
Grants, cost-recovery programs, low-interest loans, tax increment financing and other financial options for brownfield properties may be available for your project through a variety of sources depending on your project location, regulatory status and job-creation/retention metrics. Phoenix typically provides assistance locating these financial resources free-of-charge.
Below are two grant opportunities in Ohio you should consider:
Ohio Service Station Cleanup Grant
A new $20 million dollar grant was created through Ohio HB64 this year to help clean up old service stations in Ohio. The grant provides an excellent opportunity for municipalities and developers to redevelop these problematic sites.
Ohio Service Station Cleanup Grant Details
To qualify, these sites must have or had an Ohio BUSTR regulated storage tank. Gas stations are the most typical applicable sites but other commercial businesses may also qualify.
We understand this is likely to be a “first come, first serve” grant; as such, the funds will go quickly!
If you have an eligible site or know of one in your community that might benefit from this grant, I’d recommend contacting us today to discuss it.