Ohio Voters Will Determine Economic Project Fate
05/06/2010
The $1.6 billion Third Frontier project, launched in 2002, is focused on supporting tech development. If voters shoot down the ballot item the program will end in 2012.
According to a Wall Street Journal report, the program has been a success ass the state's spend of $681 million brought about $6.6 billion in economic activity and has created 55,000 jobs.
"This really has succeeded and added to the economic development opportunities in the state," said Sandra J. Degen, VP for research at the University of Cincinnati and a member of the Third Frontier's advisory board, stated in the WSJ report.
Yet those opposed to the funding effort say it will just increase the state's debt at a very bad time. A former state leader calls it "ill-advised," given the economic situation.
Ohio leaders who endorse the proposition believe it's necessary to spur business given a drop in manufacturing base and an unemployment rate of nearly 11 percent.
The Third Frontier targets five technology areas-advanced and alternative energy, biomedical, advanced materials, instrument controls and electronics, and advanced propulsion-and builds programs and promote relationships between research and leading and new companies.
Project Announcements
South Korea-Based Seoyon E-HWA Plans Chatham County, Georgia, Manufacturing Plant
02/02/2023
Bottling Company International Plans Morrison, Tennessee, Operations Complex
02/01/2023
Engineered BioPharmaceuticals Expands Danville, Virginia, Operations
02/01/2023
Ancra Cargo Establishes Hebron, Kentucky, Headquarters
01/31/2023
Pace Industries Expands Jackson, Tennessee, Operations
01/31/2023
Green Georgia Plans Thomaston, Georgia, Headquarters-Manufacturing Campus
01/31/2023
Most Read
-
2022 Top States for Doing Business Provide an Environment for Business Growth
Q3 2022
-
Location Factors in the EV Industry — “Mission Critical” or “Nice to Have”?
2022 Auto/Aero Site Guide
-
Three Big Challenges Facing the Food & Beverage Industry
Q4 2022
-
How Are Economic Developers Partnering to Solve Workforce Challenges?
Q1 2023
-
36th Annual Corporate Survey: Executives Focus on Labor, Energy, Shipping Costs
Q1 2022
-
Fixing the Supply Chain with AI and Robotics
Q4 2022
-
18th Annual Consultants Survey: Access to Major Markets and Skilled Labor Are Clients’ Primary Concerns
Q1 2022