Excerpt of story provided by MedCity News
Written by Mary Vanac
By passing Issue 1 on May 4, Ohio voters would extend the Ohio Third Frontier program for four years with a $700 million bond issue. Without voter approval, the state’s largest, most aggressive, and arguably, most successful, economic development program ends in 2012.
What would Ohio and its biomedical industry look like had it not been for Third Frontier?..
...Venture development organizations — non-profits that get companies ready for venture capital investments — like JumpStart Inc. in Cleveland and CincyTech in Cincinnati, would not have had millions of dollars (and thousands of hours of expertise) to invest in the state’s biomedical start-ups...
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