Borrowing Money for Jobs

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Ohio Gov. Bob Taft says 'state issue one' could attract and keep jobs in southeast Ohio.

The governor chose bio-medical manufacturer, thermo-electron in Marietta to push for the passage of the bond issue this November.

Taft says it will allow the state to borrow $500 million to attract jobs to the state, but it won't result in new or increased taxes.

"It will let us borrow $50 million a year for ten years. This is well within our budget, and we can afford to do it," Gov. Taft says.

The money would be used to build and recruit new businesses, and upgrade existing ones, as part of the third frontier program.