Ohio: Federal Funds

Thu, 11/20/2008 - 13:00

Voinovich helped to secure $4M in grants to assist workers affected by layoffs

The office of U.S. Sen. George Voinovich (R-Cleveland) announced today that Ohio's senior senator has helped secure nearly $4 million in grant funds to assist workers affected by layoffs within the Wilmington Air Park at DHL Express, ABX Air, Inc., and ACS Business Process Solutions.

Earlier in November, DHL's German parent company said it would cut 9,500 jobs in the United States as well as eliminate shipping within the U.S. by land and air, but DHL spokespeople are saying the air cargo hub in Wilmington will continue to operate for now. 

Fri, 09/26/2008 - 12:30

Brown announces over $258M to help Ohio recover from housing crisis

U.S. Sen. Sherrod Brown (D-Lorain) announced Friday over $258 million in federal funds slated to come to Ohio to help with the foreclosure problem throughout the state.

The funds have been awarded as a result of the Housing and Economic Recovery Act of 2008, which was signed into law in July 2008.

The announcement comes as the foreclosure problem leaked into credit markets, leading the Bush administration to call for a $700 billion bailout of financial institutions. The bailout is currently being negotiated and debated by Congress.