February 1, 2024 - The Ohio Department of Development has announced the availability of nearly $12 million in grant funding dedicated to advancing innovation in coal technologies, fostering economic growth, job creation and environmental sustainability across the state.
The funding is available through the Ohio Coal Research and Development Program, which supports projects aimed at modernizing the use of Ohio coal through innovative technologies and processes such as rare earth element extractions for manufacturing, alternate uses for coal waste, and even the conversion of coal into high-quality materials for housing construction.
“By investing in emerging technologies, research, and forward-thinking projects, we will harness the potential of our abundant coal reserves in a way that is not only economically viable but also environmentally sound,” said Governor Mike DeWine.
Eligible applicants include municipal-, rural- and investor-owned utilities, non-profit and for-profit entities operating in Ohio, as well as educational and scientific institutions within the state. The Department of Development administers the program through its Ohio Coal Development Office.
“Investments in coal innovation are not only about adapting to the future but also about driving economic development in the present,” said Lydia Mihalik, director of the Department of Development. “These investments will generate additional manufacturing, mining, research and construction jobs that will help foster a robust ecosystem of employment opportunities across the state and ensure a sustainable future for our coal industry.”
This new round of funding was made possible with support from the Ohio General Assembly in the most recent capital budget. Funding opportunities for this grant program range from $100,000 to a maximum award of $5 million, with priority given to “project-ready” applications. All projects are required to be completed within either 12 or 24 months.
Applications are open now through 11:59 p.m. on March 15.
The Ohio Department of Development empowers communities to succeed by investing in Ohio’s?people, places and businesses. Learn more at?development.ohio.gov.