COLUMBUS – State Representative Mark Fraizer (R-Newark) announced that the $3.5 Billion state capital budget will include a $1.1 Billion allocation in assistance for the microchip factory to be constructed in Jersey Township located on the western edge of Licking County in the 71st Ohio House District.
This megaproject is the largest single economic development project in the history of the Buckeye State and will be built in phases, with the first two phases set to begin in the coming months, and the potential investment to span the next several years. Additional suppliers and surrounding economic development is anticipated as a direct result of the project.
“Licking County is now on the world stage for this economic development project, and I am excited that Ohio will partner with a company to fix supply chain and national security issues,” said Fraizer.
The Capital Budget as includes local projects that will invest in our communities and redevelop underutilized areas:
- Newark - $1,000,000 (Newark Arcade); $100,000 (Louis Sullivan Building)
- Johnstown - $250,000 (Johnstown Splash Pad); $150,000 (Johnstown Amphitheatre)
- Granville - $175,000 (Bryn Du Barn Replacement)
- Reynoldsburg - $50,000 (Center Ice Foundation)
“It is an honor to serve the people of Licking County and provide an opportunity for investment in both our business climate and revitalization of our communities, we look forward to continuing to partner with our local communities to make Licking County the best place to live, work, worship, and raise a family,” said Fraizer.