Third Frontier responsible for 55,000 jobs, report says - Business First of Columbus:
Ohio’s Third Frontier program helped in the formation of about 14,000 direct and indirect jobs in
The jobs report was scheduled to be unveiled by Ohio Department of Development Director Lisa Patt-McDaniel at the Ohio Third Frontier Commission meeting Wednesday.
According to the report, 637 companies have been created, attracted to or capitalized in Ohio as a result of the program. Additionally, the more than $548 million in program funding spent through December attracted nearly $4.8 billion in follow-on private investment.
“Our latest results show the program works and is making a difference in the lives of Ohioans as we continue to help bring Ohio and the rest of the country out of the clutches of one of the worst economic downturns in 70 years,” Patt-McDaniel said in a released statement accompanying the job results.
Third Frontier is a $1.6 billion program created to advance
The Ohio legislature has approved a May 4 ballot initiative that would allow