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
Bunge Expands Avondale, Louisiana, Operations
09/03/2024
Austria-Based Voestalpine Roll Forming Expands Jeffersonville, Indiana, Operations
09/03/2024
MARSHALLTOWN Plans Wyandotte County, Kansas, Operations
09/03/2024
India-Based Welspun Expands Grove City, Ohio, Operations
09/03/2024
Provalus Plans Walnut Ridge, Arkansas, Operations
09/03/2024
C&J Industries Expands Meadville, Pennsylvania, Operations
09/03/2024
Most Read
-
19th Annual Area Development Gold and Silver Shovel Awards
Q2 2024
-
What the Latest EPA PFAS Rule Means for Site Due Diligence
Q3 2024
-
Semiconductors’ Fragile Relationship With Water May Be Tested
Q3 2024
-
2023 Top States Commentary: Top-Ranked States Have What It Takes to Win Mega Projects
Q3 2023
-
2023 Top States for Doing Business Meet the Needs of Site Selectors
Q3 2023
-
2023's Leading Metro Locations: Hotspots of Economic Growth
Q4 2023
-
Mitigating Site Risks for Industrial Projects
Q3 2024