Tag Archives: Third Frontier Program

Restoring Prosperity: Greater Ohio’s Report

Greater Ohio and the Brookings Institutional have released their long-awaited report, Restoring Prosperity: Transforming Ohio’s Communities for the Next Economy.

Among the findings, Ohio should consolidate local governments and school districts to reduce the local tax burden. The state should redirect manufacturing strength toward new technologies and maximize federal investment.

To compete, Ohio will need to reinvest in its metropolitan regions, which account for 81 percent of the state’s population and 87 percent of its GDP, the report states.

“Ohio’s seven largest metro areas concentrate slightly more than 75 percent of the state’s patenting activity, and 82 percent of the state’s knowledge jobs.”

“Ohio’s metros in the nation’s top 100 contain 81 percent of the state’s adults aged 25 or older with at least a bachelor’s degree.”

The report also calls for reinvestment in the state’s taxpayer financed Third Frontier Program, which is designed to incubate high-tech companies. Report authors  recommend eliminating a third of the state’s school districts, as well.

-AS

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