Ohio Site Inventory Program (OSIP)

Ohio Site Inventory Program — OSIP

Funds real-estate development and related project readiness in Ohio through blended support for speculative job-ready sites.

The Ohio Site Inventory Program (OSIP) is a blended grant-and-loan program administered by JobsOhio to fund speculative real estate development across Ohio — projects where no end tenant or user has been identified in advance. The program's purpose is to improve Ohio's competitive position in reactive site-selection decisions by ensuring a ready inventory of developed sites and buildings. OSIP was authorized for a ten-year term from July 2020 through June 2030 with a total program budget of $250 million, structured as approximately $50 million per year. Recent awardees include the Butler Tech Aviation Education Hangar, Ashland County Airport improvements, and the National Road Business Park.

Grant awards are capped at $2,000,000 per project; the combined grant-plus-loan maximum is $5,000,000 per project. In all cases, JobsOhio's total contribution may not exceed 50% of total project costs, meaning the applicant must independently source at least half of the capital. Grant-eligible costs include demolition, environmental remediation, building renovations, site preparation, and infrastructure improvements; new construction costs are typically addressed through the loan component. Lead eligible entities include communities, port authorities, private developers, nonprofits, and businesses; experienced development partnerships are preferred.

Applications begin with a pre-vet form submission to JobsOhio before a full application is prepared. A Phase I Environmental Site Assessment is required at application; if Phase I recommends further study, a Phase II ESA is also required. Applicants must already control the project site and must demonstrate credible future market demand for the completed asset. The rolling intake process means there are no fixed application windows, but applications compete for an annual budget allocation, making early-cycle submission advantageous.