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Thursday, November 21, 2024

Peterson, Ohio House Approve $350 Million Strategic Community Investment Fund

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State Rep. Bob Peterson | The Ohio House of Representatives

State Rep. Bob Peterson | The Ohio House of Representatives

The Ohio House of Representatives has passed Substitute House Bill 2, paving the way for the investment of $350 million into various projects throughout Ohio. State Rep. Bob Peterson (R-Sabina) made the announcement, highlighting the significance of the Strategic Community Investment Fund in boosting the state and local economy.

"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."

Peterson's enthusiasm for the project is evident, as the welcome center will not only showcase the historical significance of the site but also provide visitors with an opportunity to immerse themselves in the natural beauty the region has to offer.

The legislation, apart from the local investment, also includes significant capital investments in various sectors. These include $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 across the state, including Southern State Community College and Ohio University, and $250 million for local jail construction across Ohio, with $150 million reserved for smaller counties.

The investments will be integrated into the State Capital Budget bill, a comprehensive two-year construction budget for capital projects. This move demonstrates Ohio's commitment to promoting growth and development in key areas such as education, infrastructure, and public safety.

The approval of Substitute House Bill 2 marks a significant step towards creating a more prosperous Ohio. By prioritizing strategic investments, the state aims to strengthen its communities, enhance educational facilities, and improve infrastructure. These efforts will undoubtedly contribute to the overall well-being and economic development of Ohio and its residents.

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