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Final Component of Ohio's Third Frontier to Be Placed On Nov. Ballot
Following defeat at the polls two years ago, Ohio's state legislature has agreed nearly unanimously to again have voters decide on whether or not the state can issue bonds in support of the final component of Gov. Bob Taft's tech-based economic development strategy -- Ohio's Third Frontier Initiative.
This time around, legislators are hoping to gain support by packaging the constitutional amendment into a three-part, $2 billion bond package that includes $500 million for Third Frontier, alongside a $1.35 billion bond issue for roads, bridges, and water projects (see the May 2 issue of the Digest). In addition, $150 million is included for infrastructure obligations, including “Job-Ready Sites” that will prepare sites for industrial and business expansion to meet environmental and other requirements.
The larger and broader constitutional amendment is currently being referred to as the Jobs for Ohio Initiative by several lawmakers, according to an article in the Columbus Dispatch. H.J.R. 2 is available from the Ohio Legislature at: http://www.legislature.state.oh.us/