Headlines 7 February 2024

Peterson, Ohio House approve $350 million Strategic Community Investment Fund

COLUMBUS – The Ohio House of Representatives today passed Substitute House Bill 2, which will invest the $350 million Strategic Community Investment Fund into projects throughout Ohio, announced State Rep. Bob Peterson (R-Sabina).

The one-time Strategic Community Investment Fund includes historic funding for statewide, regional, and local projects.

“We are moving Ohio forward by investing in our state and local economy,” said Peterson. “Specifically, I am excited to secure $5 million in funding to construct a welcome center at Hopewell Ceremonial Earthworks, Ohio’s first UNESCO World Heritage Site in Ross County. This will become a gateway to the history and scenic beauty of Southern Ohio.”

In addition to these local investments, the legislation also includes additional capital investments of:

• $600 million for the School Building Program Assistance Fund;

• $400 million for the Public Works Commission Local Public Infrastructure and State Capital Improvement Program;

• $397.6 million for Higher Education Projects around the state, including Southern State Community College and Ohio University; and

• $250 million for local jail construction across Ohio, of which $150 million is reserved for smaller counties.
 
These investments will be incorporated as part of the greater State Capital Budget bill, a two-year construction budget for capital projects.

State Representative Bob Peterson is currently serving his first term as State Representative for the 91st Ohio House District, which includes all of Fayette, Highland and Pike Counties and western Ross County.

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