State wants faster return on jobs funds
Posted June 18, 2012 in Press Releases
Local officials worry stricter rules could affect Prime Ohio II park
State jobs officials want to see return on taxpayer investment sooner, and that worries local economic development officials seeking funds for a long-term project they say could lead to hundreds of jobs.
The Ohio Department of Development is one of the main sources communities turn to for economic development funding.
But in tough economic times and with almost half of businesses failing to comply with aid requirements, the department is taking a harder line on when it wants to see the results of development.
“We’re just more explicit on the return on investment,” said Daryl Hennessy, ODOD assistant chief for the business services division. “We have a goal to see that return on invest early in the project