The bill Gov. John Kasich signed into law to create the independent, economic development body known as JobsOhio could make Ohio a more attractive place to do business by providing companies with a fuller plate of financing options than has been legally available under the Ohio Department of Development.
Those new options could range from direct equity investments in companies to investments in buildings that would provide leased space to new or expanded businesses. JobsOhio investments also could return a profit — or suffer a loss.
JobsOhio will be run by a nine-person board led by the governor, and the board will appoint a chief investment officer who will hire a staff and negotiate investment and incentive deals.
The administration intends to channel profits from the state-run liquor distribution business to fund JobsOhio's investment program.
Mark Kvamme, recently named Ohio's director of job creation, helped Gov. Kasich set up JobsOhio. He had been a partner in Sequoia Capital, a Menlo Park, Calif., venture capital firm that was an early investor in Google.
AND IT WORKED
Look at the jobs some guys landed
IN OHIO
The Development Services Agency released the JobsOhio 2012 Annual Report with some interesting information.
At the top of the list
The amount of money the private development organization is spending on salaries.
Total salary for the year was $2.8 Million dollars. Another $1.8 Million was spent on “professional fess” and over $150,000 was spent on Travel.
IT IS FUN AND REWARDING TO GET IN TO POLITICS
OR KNOW SOMEONE WHO CAN HELP GET YOU A GOOD JOB
IN OHIO .............. OR ANYWHERE
