Controlling Board Ok's $8 Million for Central Ohio Tech Groups, Stinziano Says

COLUMBUS, Ohio – Projects to stimulate high-tech businesses in central Ohio got two $4 million shots in the arm thanks to State Controlling Board approval, state Rep. Michael Stinziano says.

“High-tech businesses are the future. We need to do all we can to ensure that these high tech businesses get the help they need to be able to provide the jobs of today and tomorrow,” said Stinziano, a Columbus Democrat,

Without comment, the State Controlling Board approved releasing $4 million to Tech Columbus to develop a fund that will assist so called “Imagining,” “Incubating” and “Developing” phase businesses based on their willingness to locate in the Central Ohio area.

The board also voted to release $4 million to Ohio TechAngel Fund IV to position tech companies to be sold.

In addition, the board  voted to release $2.2 million for the Gilbane Co. of Westerville  for the construction manager at risk contract for the new Chemical and Biomolecular Engineering  and Chemistry Building.

According to state documents, the project will be to build an efficient, functional and collaborative facility. The facility will support study in the areas of chemical and biomolecular sciences. It will also be the home for Chemical and Biomolecular Engineering and chemical research. The new facility will have an area of approximately 235,000 square feet, according to state documents.

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