Monday, April 27, 2009

Third Frontier Releases 2008 Annual Report

State-Invested Funds Generate More than $3.5B in Leveraged Investments for the Creation, Attraction and Capitalization of 514 Companies

Cited as a visionary and bipartisan commitment to Ohio’s future prosperity, The Ohio Third Frontier Project has in the last six years, assisted in the creation, attraction or capitalization of 514 companies and the creation/retention of 7,757 jobs across the state – this according to the program’s recently published 2008 Annual Report. In 2008, for every dollar invested by the Ohio Third Frontier suite of programs, nine new dollars were attracted to companies and projects within the state. This resulted in $3.5 billion new dollars invested in the state’s high tech future.

Since its inception in 2002, the Third Frontier has awarded over $892 billion in state funds across a number of high growth industry sectors with biomedical leading the way, receiving $328.4 million over the course of six years.

The Ohio Third Frontier is a ten-year, $1.6 billion bipartisan initiative committed to expanding Ohio’s technological strengths and promoting the commercialization of technologies that will lead to the creation of high-paying jobs across the state. The program focuses investments in key technology areas including: advanced and alternative energy, biomedical, advanced materials, instruments-controls-electronics and advanced propulsion.

The Third Frontier makes possible programs such as TechColumbus’ TechStart, which is the Entrepreneurial Signature Program dedicated to the Central Ohio region.

Visit to download a copy of the 2008 Annual Report.


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