Last week, Ohio Governor Ted Strickland and Ohio Department of Development Director Lisa Patt-McDaniel announced $28 million in Clean Ohio Revitalization Fund grants to be awarded throughout the state. The funding will allow for the usage of of idle industrial and commercial properties and is expected to create over 1,400 jobs for the state.
Middletown will receive a $1.6 million grant to conduct remediation and demolition at the STM Redevelopment Project property. The property, which started out as the Sutphin Wrenn Union Paper Mill in the 1850s, was purchased by STM Partnership in 1979 and several industrial operations have occurred there since. Today, four small storage and light manufacturing operations make up part of the property, but part of it is vacant and owned by the City of Middletown. Once remediation is complete, the city and another owner hope to attract a commercial project that will help the city with economic growth.
"Too many of our workers and businesses are reeling from this global economic recession, which makes our partnerships with local communities and our efforts to improve Ohio's business climate even more important. Clean Ohio investments encourage business development and job creation by revitalizing our communities and previously-used industrial properties," Governor Strickland said in a statement.
The Clean Ohio Revitalization Fund is a statewide competitive program that provides grants to acquire property, demolish structures, conduct environmental cleanup, and improve infrastructure on or serving a brownfield property. It has served 80 projects since it began. Read more about the various Ohio city projects here: Dayton Minority Biz.com
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