Ohio Future Fund giving out $15 million for megasite

(The Center Square) – Nearly $15 million in taxpayer funds are being used to help develop nearly 1,000 acres in northwest Ohio in hopes of luring major corporations to the state.

Gov. Mike DeWine announced the money would go to the Defiance County Commission, which is expected to use it to install infrastructure at the Baltimore Avenue Industrial Corridor in Defiance.

The goal, DeWine said, is to attract major corporations looking for a project-ready site.

“This is a huge site that's ready for the kind of economic development that will be transformational for this area, but the property continues to be overlooked because it doesn't have all the necessary basic infrastructure," DeWine said. "With funding from the All Ohio Future Fund, we're going to help Defiance County lay the needed groundwork and prepare these acres to become the next major advanced manufacturing site in Ohio."

Commissioners plan to use the money to install new water and wastewater infrastructure, adding to other utilities at the site. Funds will also be invested in developing road access to the property and managing rail access north of the site.

The fund was first announced in early 2023 with a plan to cover each state region with ready megasites. The General Assembly earmarked $750 million for the fund in the state’s current operating budget.

Groups can use the money for public roadwork, water and wastewater infrastructure, design and engineering, demolition, wetland mitigation, utility gap funding and one-time site enhancements.

Groups that get money must secure a site occupant within five years.

“There’s nowhere better than Ohio, whether you’re looking for a place to start or grow your business or your family,” said Lydia Mihalik, director of the Department of Development. “Through the All Ohio Future Fund and programs like it, we are bringing jobs to Ohio and supporting communities with the legwork to get them here.”