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GCP, the Fund for Our Economic Future, and TeamNEO submitted a joint recommendation of 84 census tracks to the State of Ohio for designation as Opportunity Zones.
The General Assembly unveiled the 2018 state capital bill last week. Companion bills – HB 529 and SB 266 – were released in the Ohio House and Senate Finance Committees.
The total bill provides $2.63 billion for capital bill appropriations and roughly $150 million for community projects. Cuyahoga County projects received more than $20 million in funding with more than half of that funding going to projects recommended by GCP. Most notably, $2.5 million was secured to continue efforts to stabilize Irishtown Bend, the hillside along the Cuyahoga River.