The bill establishes the Ohio Defense and Space Advisory Commission and the Defense and Aerospace Industries Expansion Program, which will be administered by the Department of Development. The commission is tasked with promoting the defense and aerospace industries in Ohio, advising on grant administration, developing strategies for industry growth, and facilitating communication among stakeholders. It will consist of various appointed members, including state officials and individuals with expertise in the relevant fields, and will meet at least six times a year starting in 2027. The commission will also compile an annual report detailing its activities and recommendations.

Additionally, the bill outlines the framework for the Defense and Aerospace Industries Expansion Program, which allows the Department of Development to provide grants to support economic development in these sectors. The program will include specific requirements for grant agreements, application processes, and oversight measures to ensure proper use of funds. An appropriation of $5 million from the General Revenue Fund is designated to support the program and the commission's activities.

Statutes affected:
As Reported By House Committee: 121.22
As Passed By House: 121.22