JobsOhio Economic Development Grant

The JobsOhio Economic Development Grant was created to promote economic development, business expansion, and job creation by providing funding for eligible projects in the State of Ohio.

Grant decisions are based on a number of project factors, including but not limited to job creation, additional payroll, fixed-asset investment commitment, project return on investment, and project location.

Job Creation

The program requires the creation of jobs within a specified period of time and may consider the amount of proceeds per job created. JobsOhio may consider providing assistance for eligible projects that improve operational efficiencies or production expansion, along with the retention of jobs.

Eligible Projects

The program includes projects by companies engaged in JobsOhio’s targeted industries and business functions. JobsOhio will set a wage floor based on multiple wage considerations. Ineligible projects include but are not limited to retail and other population driven businesses.

Eligible Costs

The JobsOhio Economic Development Grant focuses on fixed-asset and infrastructure investment by companies, which may include the following:

Land
Building
Leasehold improvements
Machinery and equipment
Moving and relocation costs of machinery and equipment (freight shipping) related to the project
Infrastructure including utility, telecommunications, information technology, etc.
Site development
Fees and material costs related to planning or feasibility studies
Engineering Services
Software development

Ineligible Costs

Bonds or other debt instruments issued by Grantee to finance completion of the site improvement project shall not be retired or otherwise serviced with grant funds
Administrative costs (including salaries and travel expenses)
Rolling stock (defined as anything that has to be registered with a government entity and/or travels on a public right-a-way)
Contributions and donations by the Grantee to individuals or to other organizations
Costs (fines, penalties, assessments) resulting from violation of or failure to comply with federal, state, and local laws and regulations
Food, drinks and entertainment
Goods and services for personal use by the Grantee’s employees
Long-term housing expenses
Interest on borrowed money
Organized fundraising
Travel expenses
Taxes from which the Grantee is normally exempt
Lease and rent payments

Disbursement of Funds

The JobsOhio Economic Development Grant is reimbursement-based and requires supporting documentation.

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