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Columbus
Dispatch
JobsOhio
writes checks to state for
$8.4 million
Turns
out you kept JobsOhio afloat
with about $8 million for the agency’s first 19 months.
Yesterday,
a Kasich administration
official confirmed that JobsOhio, Gov. John Kasich’s privatized
development
agency, recently repaid the state$8.4 million — fulfilling a March 19
promise
to return all public funds JobsOhio received since opening its doors on
July 5,
2011.
Lyn
Tolan, the Development Services
Agency’s new deputy director, itemized the state’s public funding of
JobsOhio
to The Dispatch yesterday. The newspaper filed a public-records request
for the
material more than one month ago.
On
March 5, The Dispatch reported
that JobsOhio had received at least $5.3 million in public money — much
more
than the $1 million from the legislature exclusively cited by JobsOhio
and
Kasich administration officials as the publicly supported component of
JobsOhio
— and that the state’s total funding to JobsOhio could’ve been between
$7
million and $9 million.
Tolan
said yesterday that the state
has received four checks from JobsOhio and its lone, wholly owned
subsidiary.
The largest check, for nearly$6.8 million, covers state grants funneled
to the
JobsOhio subsidiary now known as the JobsOhio Beverage System,
beginning the
day after JobsOhio opened for business. The other checks covered
$988,000 out
of a possible $1 million state lawmakers set aside to cover JobsOhio’s
startup
costs, $689,350 for service fees JobsOhio collected on loans to
businesses made
by the state, and $440,000 for an obligation JobsOhio’s subsidiary owed
to the
state long before the entity was acquired by JobsOhio...
Read
the rest of the article at the
Columbus Dispatch
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