Sparked by the success of a referendum in Ohio earlier this month to enlarge bonding for economic development by $700 million, there is a growing interest in a similar initiative in Wisconsin.
By a solid margin of 62%-38%, voters in Ohio authorized the four-year expansion. The plan builds on the creation in 2002 of a $1.4 billion bonding program to promote innovation and long-term growth.
Ohio's economy, which has lost 635,000 jobs since 2000, is just as challenged as Wisconsin's, and voters there bit the bullet and supported a large-scale initiative called the Ohio Third Frontier. The commitment of more than $2 billion for economic development in that state dwarfs all job-creation initiatives in Wisconsin.
To read the full, original article click on this link: Ohio's economic development plan is a model for Wisconsin - JSOnline
Author: John Torinus
