Ohio Now Accepting Preliminary Proposals for Federal Stimulus Funds
On Wednesday, February 18, 2009, Governor Ted Strickland announced that Ohio will receive at least $8.2 billion in federal funds as part of the American Recovery and Reinvestment Act that President Barack Obama signed into law this week. (See the Governor’s press release.)
Additionally, Governor Strickland has announced a new website portal for businesses and organizations to register upcoming projects that may qualify to receive federal stimulus dollars. The portal can be found at http://www.recovery.ohio.gov.
The Governor’s welcome message states that the funds will be used to make investments in the following areas:
- Producing Clean and Efficient Energy in Ohio
- Investing in Science and Technology to Advance Ohio’s Economy
- Modernizing our Roads, Bridges, Transit and Waterways
- Developing a 21st Century Education System
- Implementing Tax Cuts that Make Work Pay and Create Jobs
- Lowering Healthcare Costs
- Providing Assistance to Ohio Workers Hurt by the Economic Downturn
- Saving Public Sector Jobs and Protecting Vital Services for Ohioans
The Governor’s website notes that “failure to submit information through [the portal] may diminish your ability to obtain funds.” We recommend that businesses and organizations move quickly to identify projects that may qualify for stimulus funding and begin preparing preliminary proposals.
Baker Hostetler provides strategic counsel to businesses seeking government stimulus funds through the Ohio portal. Our lawyers provide assistance in identifying opportunities to obtain stimulus funds; assessing and enhancing those opportunities through drafting and negotiating proposals, grant and loan applications; navigating the often arduous bureaucratic processes required of applicants; and advocating clients’ interests before the decision-makers who ultimately will allocate the limited funds.
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