Ohio Lawmakers To Send Job Program To Ballot

By: Associated Press
By: Associated Press

Columbus, Ohio (AP) -- Voters will be asked in may to allow the state to issue $700 million in bonds over four years to continue funding a program that has created thousands of new technology jobs since its creation in 2002.

The democratic-led house and republican-led senate both approved the third frontier measure on Wednesday and the governor is expected to sign the bill.

It must reach the Secretary of State's office by the end of the day to qualify for the May primary ballot.

On Tuesday, a committee of members from both chambers met to reach a compromise on the amount of funding needed.

Gov. Ted Strickland had proposed $1 billion.

The program provides startup money for companies in targeted industries such as alternative energy, biomedicine and advanced materials.

It is estimated to have created 41,000 jobs.

(Copyright 2010 by the Associated Press. All rights reserved.)

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