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

February 7, 2024
Adam Holmes News

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COLUMBUS—The Ohio House of Representatives today passed Substitute House Bill 2, which will allocate $350 million in one-time project funding from the Strategic Community Investment Fund, announced State Rep. Adam Holmes (R-Nashport). 

This one-time funding will be administered to statewide, regional, and local projects, nearly $1.95 million of which will directly serve the 97th House District and the surrounding communities. 

“I am committed to making Ohio the best possible home for children and families,” said Holmes. “I am also excited to see an investment into the aviation industry, which is the future of our state.” 

Holmes championed the following provisions that will positively impact Guernsey and Muskingum Counties:

  • $1.5 million to construct an indoor aquatics facility at the Cambridge YMCA, providing opportunities for kids and families to engage in community programs; and
  • $450,000 to upgrade the HVAC and electrical systems at the Avondale Youth Center, prioritizing the development of Ohio children.

Further, Holmes successfully advocated for a $500,000 investment to build the Ohio Aerospace Institute Sensitive Information Research Facility located in northeast Ohio, advancing the aviation industry throughout Ohio. 

In addition to these local investments, this legislation also includes additional statewide capital investments of:

  • $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 around the state; and
  • $250 million for local jail construction across Ohio. 

The Strategic Community Investment Fund was established in the state’s main operating budget passed last year and includes excess funding from the previous fiscal year. Due to conservative fiscal stewardship, the Ohio House was able to dedicate this excess toward projects that will move Ohio forward.

This funding will be incorporated as part of the greater State Capital Budget bill, a two-year construction budget for capital projects.