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Home > Blogs > Ohio politics > Archives > 2009 > October > 08 > Entry
AG Cordray to make sure Ohio gets bang for economic bucks
Ohio Attorney General Richard Cordray wants to make sure that Ohio gets the right bang for the millions of dollars it spends for economic development projects.
Cordray announced on Thursday, Oct. 8, that he is beginning to review economic development awards made by the state to ensure that recipients comply with the award agreements. The review is required by a new state law, Cordray said.
“Our goal, as defined by statute, is to ensure that tax dollars are being used as intended in these awards,” Cordray said in a press release. “Promises were made by businesses and organizations to create and save jobs in Ohio and those promises must be kept.”
Cordray’s office is reviewing economic development awards to more than 3,000 entities made between July 1, 2004 and June 30, 2009. His office is sending out letters to award winners and they will have 30 days to complete online reports that will be analyzed by AG staffers.
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