Wednesday, January 23, 2013

JobsOhio may get $100 million for economic developmen

By  Joe Vardon The Columbus Dispatch Tuesday January 8, 2013

JobsOhio may finally get its $100 million for economic development.

Gov. John Kasich’s privatized, nonprofit development agency announced this morning it will proceed with issuing about $1.5 billion in bonds to complete a complicated leased of the state of Ohio’s wholesale liquor profits stream. The move was triggered by two bond-rating agencies awarding high ratings to the bonds JobsOhio will use to fund the lease.

The Ohio Supreme Court has yet to rule on whether the liberal policy group ProgressOhio and some Democratic lawmakers have standing to sue JobsOhio – an ongoing legal case that has prevented JobsOhio and the state from completing the lease.  More here.

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