State Releases $1.8 Million for Economic Development in Central Ohio

COLUMBUS, Ohio – Columbus2020!, the regional growth strategy for a 10-county central Ohio region, is getting $1.8 million to fund JobsOhio Network activities thanks to state approval, according to state Rep. Michael Stinziano.

“I’m very pleased that Columbus2020! will have these funds to be able to offer services to coordinate  much needed job growth in our area,” said Stinziano, a Columbus Democrat. “These efforts will go a long way to ensuring that our neighborhoods are the best places in Ohio to live, work, raise a family and start a business.”

The State Controlling Board approved the release of the funds Monday.

Columbus2020! will put  up more than $900,000 in funds to leverage the state dollars for economic development.

As part of this effort, Columbus2020! will be conducting comprehensive services supporting regional coordination of economic development strategies, business retention and expansion  and attraction through the Ohio Third Frontier JobsOhio Network program, according to state documents.

In other business, the board approved releasing:

  • $50,000 to The Ohio State University for the development of an acoustic drive for Magnetic Resonance Elastography.
  • $50,000 to Ohio State for its CellMarker project which will develop a suite of computer programs that support digital pathology.
  • $50,000 to Ohio State for its Hybrid Air Water Conditioning System project.

Made up of six state lawmakers and a representative of the governor’s  office, the State Controlling Board has the final say over some of the state’s larger spending projects.