Thursday, February 04, 2010

Leader Batchelder, Rep. Amstutz on Third Frontier Vote

COLUMBUS — House Republican Leader William G. Batchelder (R-Medina) and Ron Amstutz (R-Wooster), who serves as the ranking minority member on the House Finance Committee, issued the following statement after the full House passed a measure to place a renewal of the Third Frontier initiative on the May ballot.

“We are pleased to see this bipartisan recommendation to extend a program for the future of Ohio’s economy and would like to thank the legislative leaders for working with us to recommend that voters extend the Third Frontier program. The amendments placed in the recommended constitutional language will keep the program on a strong footing by requiring external merit-based review when awarding project funds.”
Lawmakers remain committed to this program as originally introduced in 2002. Since that time, Ohio has seen an impressive early return on investment through generating more than $6.5 billion in economic activity and attracting a nearly 10:1 ratio of private and federal funds, thereby moving Ohio to the forefront in growing early stages of capital flow into Ohio. The measure passed the full House 83-14.