It is no secret that one of the problems limiting new commercial real estate development has been the need to replace many older structures instead of renovating. The State of Ohio is among those which recognize the obstacle. They are coming to the rescue by making more than $100 million available in grants for the demolition of appropriate buildings throughout the State.
The plan, as revealed in the below linked article, allows grants for most counties. Intended uses already include a former school building, nursing home, and water works site. One property in the Program has been vacant for 50 years. Being involved in the process results in uncovering specific opportunities sooner than those who are not. Having the capability of being “first in” on a new property or opportunity.
Real estate developers, investors, brokers, contractors, lenders, and designers could have early access to multi-million dollar deals. If you are not in Ohio, it can be beneficial to be aware that government grants for this purpose may be available where you are. If you are in Ohio, or could invest, develop, lend, or are a contractor, you have some major opportunities on your doorstep.
Finding out about these opportunities is part of the challenge. Coming up with a solid proposal and showcasing your potential involvement with them is the majority of the challenge. Both are necessary to have the chance to complete the mission.
To that point, if you and your team have a research person or team pursuing such opportunities, you may still have the need for a Grant Writer that can increase your chances of executing in your favor. If you and your team do not have a research source, you should be talking with us at FIRST IN. In addition to helping you find a potential fit and providing you with the research and sources to make it happen, we can also bring in a specialized Grant Writer.
Spending a few hundred or a few thousand dollars this year could be the biggest reason you are taking in thousands of dollars per month for years to come. Again, millions of dollars in grant money for multiple opportunities is being made available. All you need is one to significantly advance your bottom line!