Proven Results
Issue 1 will renew and continue state investment in technology, innovation and entrepreneurs through the highly successful Ohio Third Frontier program. These investments already have produced impressive results, such as:
- Created 48,000 Ohio jobs*
- Created, attracted or capitalized 571 start-up companies*
- Produced more than $6.6 billion in total economic impact
- Attracted $3.2 billion in additional investments from other public and private sources, maximizing benefits for Ohio*
- Total return on investment averaging 22 percent per year over the life of the program
*On March 24, 2010, the Ohio Department of Development announced updated performance metrics data documenting the continued success of the Ohio Third Frontier. Read the press release.
Voter approval of Issue 1 will continue this successful investment program that has received national acclaim from respected organizations such as the National Governors Association and Pew Center for the States, which calls the Ohio Third Frontier initiative "...a comprehensive, professionally run effort to build world-class research capacity, promote interaction between research and industry, and commercialize R&D."
Accountability for Delivering Benefits
Two major studies, including independent third-party analysis by The Ohio Business Roundtable, have confirmed and quantified the substantial benefits of Ohio Third Frontier investments to date, assuring accountability to the public for use of Third Frontier dollars:
- Making an Impact: Assessing the Benefits of Ohio’s Investment in Technology-Based Economic Development Programs (Sept 2009), by SRI International. Read the full report (3 MB) or the executive summary. (1 MB)
- Ohio Third Frontier Analysis of Performance (Dec 2009), an independent analysis prepared by the Ohio Business Roundtable. Read the full report. (420 KB)
