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Home > Blogs > Ohio politics > Archives > 2010 > February > 03 > Entry
Legislature puts Third Frontier proposal on May 4 ballot
By overwhelming bipartisan margins, the House and Senate on Wednesday, Feb. 3, approved putting a renewal of the Third Frontier high-tech economic development proposal on the May 4 ballot.
The vote in the Democratic-controlled House was 83-14; in the Republican-controlled Senate, the vote was 30-2.
The proposal calls for issuing $700 million in bonds over four years.
Democratic Gov. Ted Strickland does not have to give his OK to get the issue on the ballot but supports the plan. The governor expects leadership for the campaign to come from the business community, said Amanda Wurst, Strickland’s spokeswoman.
Chris Kershner, vice president for public policy and economic development for the Dayton Area Chamber of Commerce, applauded the vote in an e-mail:
“The Dayton area business community realizes the true return-on-investment for investing in the future of our economy through the Third Frontier Program. All of the input we have received from members of the Dayton Chamber has been extremely supportive of the passage of this initiative.
“Passage of this issue on the May ballot is especially important as the Dayton economy is defining itself as a global leader in aerospace, information technology and advanced energy technology.”
Also, the Ohio Business Roundtable, a partnership of the chief executives of the state’s major companies, issued a state promising support:
“The bipartisan Third Frontier, spanning the administrations of Governors Bob Taft and Ted Strickland, is the most successful economic development and jobs program in this state and the envy of elected officials across the country. ..
“The Business Roundtable is united with our elected leaders and united with our partners in business, higher education and labor to win this campaign for jobs and Ohio’s future.”
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Comments
By Ggg
February 3, 2010 5:06 PM | Link to this
Ohio is deficit spending, now to add to the deficit spending we are borrowing a billion dollars to give most of the money to non-private sector non-productive college jobs for creating jobs. I think it is funny that the private sector is moving in the direction of 401K self contributing retirements. Yet the college employees who receive this money get a 14% retirement 100% paid by the public taxpayer who now cannot afford his own retirement. Private employees pay “0” Social Security and contribute “0” to the disability program that supports millions.
By J
February 3, 2010 3:08 PM | Link to this
I am so proud that our elected officials in Ohio worked together to get this very important issue on the May ballot. Listen up Washington, you can learn something from Ohio!!!