Some of the projects receiving funding include solar installations, wind energy systems, hydropower retrofits and upgrades to irrigation and agricultural equipment.
The bulk of the funding will go toward projects designed to prepare potential industrial sites across the state to ensure they will be ready for new projects.
One of the larger projects includes transforming a former manufacturing site in Fulton County into a mixed-use development featuring both commercial and residential spaces.
The initiative targets a section of highway where the crash rate is more than 2.5 times the state average, with nearly half of all incidents being rear-end collisions at lower speeds.