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Vote YES on Issue 1: Renew Ohio Third Frontier

Vote YES on Issue 1: Renew Ohio Third Frontier. What is Issue 1?. A statewide ballot measure on the May 4 primary ballot Issue 1 will renew and continue Ohio’s most successful economic development and jobs program, the Ohio Third Frontier. 2. What is Ohio Third Frontier?.

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Vote YES on Issue 1: Renew Ohio Third Frontier

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  1. Vote YES on Issue 1: Renew Ohio Third Frontier

  2. What is Issue 1? • A statewide ballot measure on the May 4 primary ballot • Issue 1 will renew and continue Ohio’s most successful economic development and jobs program, the Ohio Third Frontier 2

  3. What is Ohio Third Frontier? • A visionary public-private partnership created in 2002 with bipartisan leadership and support • Makes merit-based state investments in promising technologies, research, small businesses and entrepreneurs • Buildsand attracts new companies, supports business expansion andcreatesnew jobs 3

  4. Third Frontier has Touched Most of Ohio 4

  5. Proven Results • Most successful economic development and jobs creation program in the state • $6.6 billionin economic activity* • Consistent $8 to $9 invested for every state dollar spent • 21.8% total return on investment * SRI December 2008 Report 5

  6. Return on Investment 6

  7. Payback in 2014 Cumulative tax revenue is forecast to exceed cumulative OTF investment by 2014 Note: Forecast assumes historic average return of 21.8% on planned expenditures over life of OTF. Compares forecast of dollars expended to awarded projects against forecast tax revenues to the state from OTF programs. Excludes issuance and interest cost. 7

  8. How is Third Frontier Funded? • Funded initially in 2002 with multiple sources of state dollars; some no longer available. • Current funding mechanism, approved by Ohio voters in 2005, expires in 2012. • Issue 1 will authorize $700 million in bonds to extend funding through 2016. • Issue 1 will not raise taxes. 8

  9. Why Support Issue 1? • Jobs for Ohioans • Proven results • Better future for Ohio 9

  10. Jobs for Ohioans • Through June 2009, Third Frontier created 48,000 new jobs, helped accelerate growth of 571 companies • Issue 1 will build on that success • More new companies • More expansions of existing companies • Tens of thousands more jobs to Ohio 10

  11. Proven Results: 48,000 Jobs 11

  12. Company Creation & Growth 12

  13. Venture Capital Venture capital investment in Ohio has grown rapidly over the last 5 years Note: Defined as investment across Pre-seed/Seed, Early, and Later/Growth stages. Source: 2009 SRI “Making an Impact” report and OSU Fisher College of Business 2008 Ohio Venture Capital Report. US venture capital investment read in hundreds of millions of dollars. 13

  14. Better Future for Ohio • Promote economic growth across Ohio • Continue investments in high-tech industries • Support expansion of small & large businesses in industries such as manufacturing, agriculture, biomedicine and advanced energy • Bring investment dollars to Ohio • Leads to medical advances, innovative products and new technologies to improve Ohioans’ quality of life 14

  15. Future Building on Ohio’s Strengths OTF has focused on developing five key technology clusters… Note: Definitions and investment dollars provided by ODOD. 15

  16. Show Your Support • Visit www.unitedforjobsohio.com • Display a window sign or add a Web banner to your blog or e-mail signature. • Vote early! Voting begins March 30. • E-mail info@unitedforjobsohio.com. • Vote “Yes” on Issue 1 on May 4! 16

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