On May 4, Ohio voters will have an opportunity vote on Issue 1 -- a $700 million bond issue that will renew and expand Ohio Third Frontier, without raising taxes.  Since 2002, Ohio Third Frontier, the state’s most successful economic development and jobs program, has made strategic investments in emerging technology industries to accelerate commercial activity and create jobs for Ohio citizens. According to a recent Ohio Business Roundtable study, the Ohio Third Frontier has created 571 companies and 48,000 jobs, with a 22% annual return on the state’s investments.  The result is real companies, making real products and creating real jobs.

In Northeast Ohio, companies and research institutions have attracted over $400 million in Third Frontier grants to build entrepreneurial capacity and develop a variety of commercial technologies including, medical devices that provide life saving treatments; liquid crystal displays for consumer products; fuel cells that offer sources of alternative energy; light weight and corrosion resistant advanced materials; and many others.

Issue 1 has attracted strong bipartisan support as well as broad-based support from business, labor, higher education, agriculture and other key sectors of Ohio’s economy.

Panelists will discuss State Issue 1, successes of the Ohio Third Frontier program to-date, as well as the importance of renewing the program and what it means to Ohio’s economy, both now and in the future. 

• Eric Fingerhut, Chancellor of the Ohio Board of Regents and Chairman of Ohio Third Frontier, 
• Baiju Shah, CEO of BioEnterprise, and
• Rebecca O. Bagley, CEO of NorTech
  
• Moderated by: Vickie Eaton Johnson, Executive Director, Fairfax Renaissance Development Corporation

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