No more rodent MRIs – Ohio Third Frontier to focus only on startups with last $350M

Story excerpt provided by Columbus Business First.

Written by Carrie Ghose.

Ohio Third Frontier won’t end this year – state officials have been slower than expected in awarding $700 million in bond money approved by voters for 2010 through 2015, so there’s $350 million yet to spend.

And in contrast to the past 13 years in the overall $2.1 billion program, these last dollars will be directed almost exclusively to startup and early stage companies – and in the form of loans and investments rather than outright grants.

“…This administration has really emphasized a need that when we spend taxpayer dollars, we’re getting a solid return,” Goodman said. “It’s taken time to evolve…”

Click here to read the complete article.

Originally published May 1, 2015.