Governor DeWine announces $5M for transportation projects to boost Ohio’s economy
Ohio Governor Mike DeWine and Ohio Department of Transportation (ODOT) Director Jack Marchbanks Thursday announced more than a dozen new transportation projects that aim to support job growth and retention.
Nearly $5 million will be invested in 14 projects as part of the Ohio Department of Transportation's Transportation Improvement District program.
“As Ohio’s economy continues to grow, our transportation system must keep pace. These projects will help create and retain jobs by ensuring that businesses can safely and efficiently carry out their work and transport products,” said Governor DeWine.
The Ohio Department of Transportation’s Office of Jobs and Commerce awards the funding to applications that support job creation and retention, economic development, intergovernmental cooperation, and private capital investment across Ohio.
Transportation Improvement District projects can be found at: https://content.govdelivery.com/attachments/OHIOGOVERNOR/2024/05/30/fil….
The projects receiving funding include the construction of roundabouts and turn lanes as well as improvements to pavement, intersections and drainage. The projects will support 22,735 jobs and over $3 billion in private sector capital investments.
Of the funding, $4.1 million will fund construction projects and the remaining will be used to obtain right-of-way and for preliminary engineering and design projects. Nearly all the projects provide funding for roadways maintained by local governments, such as municipalities, township trustees or county engineers. The funding provided for each project is limited to $500,000 per fiscal year.
“Ohio is within a day’s drive of 60 percent of the U.S. and Canadian population. When it comes to logistics, we’re the heart of it all. These projects will ensure that we maintain that status,” said ODOT Director Jack Marchbanks.
There are currently 56 Transportation Improvement Districts in Ohio. They are made up of public and private entities to pursue transportation resources and investments that directly benefit economic development.
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