Passing JobsOhio—the state’s private, economic development agency—was a hotly debated issue at the beginning of the General Assembly. Its passage has helped turn Ohio into one of the nation’s leaders in job creation and economic recovery. In fact, over the past 12 months, Ohio ranks fourth in the nation in job creation and first in the Midwest.
The success of JobsOhio is due in large part to its talent in making smart investments that yield positive returns on investments. That means that the tax revenue generated from such businesses surpass the amount of money that the state invested in the first place.
Most of the projects have positive investment returns within three years—some even within the first year. In the long run, that results in an increase in jobs, as well as increased tax revenues that go towards maintaining public services.