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 On May 4, 2010, Ohio voters approved a $700 million renewal of Ohio Third Frontier, extending the program through 2015.
Established in 2002, the 10-year, $1.6 billion initiative fosters the creation of high-paying jobs through innovation, research and development and the commercialization of next-generation products designed to improve the lives of Ohioans and people around the world. Since its inception, Ohio Third Frontier has:
- 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
The Ohio Third Frontier Annual Report details the successes of the program and opportunities for growth in the coming years.
 Name a country anywhere in the world and chances are Jaime Sisto has been there, developing new economic opportunities for Ohio. In fact, after working in more than 40 countries as an economic development attorney and the former international trade director for two Ohio governors, he’s lost count of the places he’s traveled.
Today, Jaime continues to strengthen Ohio’s growth nationally and internationally as the president of Value Recovery Group. In addition to a talented workforce, Jaime attributes Ohio’s success in the global marketplace to partnerships with companies like AEP Ohio that share his business’s stake in the state’s economic vitality. The preferred energy partner provides affordable and reliable electricity, helping thousands of local businesses, like Jaime’s, prosper and compete.
At the heart of Jaime’s globetrotting public and private service is his enthusiasm for building upon all that Ohio has provided his family. “I live within a few minutes of where I work, shop and play, and my family surrounds me, because they’ve found the right opportunities to keep them happy and successful here."
The Columbus Dispatch recently reported that Ohio’s high-tech industry was in the top 10 among all states in gaining jobs for the fourth year in a row, according to a recently released study by the TechAmerica Foundation.
Cyberstates 2010: The Definitive State-by-State Analysis of the High-Technology Industry comprises data from all 50 states, the District of Columbia, and Puerto Rico, for the year 2008. The report details national and state trends in high-tech employment, wages, and other key economic factors.
Ohio was ranked eighth nationally in adding high-tech jobs between 2007 and 2008, and 14th in the total number of high-tech workers.
Ohio is at the forefront of a new economy, creating new ideas, innovative businesses and new jobs needed for the 21st century. It's an important story. And hiVelocity, a new online magazine, is here to tell it.
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May 2010 Newsletter
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Experts have identified four criteria that make up an ideal location for entrepreneurial business development: access to business capital and support services, access to supply chain and markets, access to knowledge and labor, and access to a balanced life. Inc. magazine recently announced development of a series of white papers that will help Ohio entrepreneurs evaluate potential locations for starting or growing their businesses. The first paper, “Finding Funding,” highlights resources found in abundance in Ohio’s Enterprise Appalachia.
Learn more »
Wind energy has become increasingly important in the world’s energy markets. A $40 billion global industry growing at more than 20 percent per year, wind now contributes to the energy mix in more than 70 countries. In 2008, the United States overtook Germany as the world leader in installed wind energy capacity.
With its commitment to leading the United States to energy independence, Ohio is the perfect home for your wind energy business. The state’s significant natural, intellectual, manufacturing, and policy resources all support your success in wind energy.
Download the Ohio Wind Energy Brochure »
Ohio celebrated 10 years of success and global leadership in the fuel cell industry at the Ohio Fuel Cell Symposium on May 6-7 at the Great Lakes Science Center in Cleveland, Ohio. The symposium was a hotbed of fuel cell businesses that have successfully developed and commercialized products for a global audience.
Ohio is proving its capabilities in the fuel cell industry at a global level, most recently being ranked among the top five fuel cell states in the nation, according to a new report published by Fuel Cells 2000 titled, “State of the States: Fuel Cells in America.”
Learn more about the Symposium »
May 2010 Economic Report
Northeast Ohio is well-positioned for the next generation of energy products, known as "Cleantech." Many of the products in the supply chain are the same materials and components used in traditional manufacturing industries such as automotive and aerospace, therefore creating an opportunity to build this industry with existing skills and materials expertise.
Learn more in the latest Economic Report »
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