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JobsOhio Board Meeting Advisory –May 1^st   -  The next JobsOhio board meeting will be held in Cleveland on Tuesday May 1st from 3:00-5:00PM   

 JobsOhio Quarterly Board Meeting – JobsOhio is a private nonprofit corporation established to lead Ohio’s job-creation efforts by singularly focusing on attracting and retaining jobs, with  an emphasis on strategic industry sectors in areas of statewide and regional strength. For more information, contact: Laura Jones, JobsOhio (614) 290-1396 jones@jobs-ohio.com

Ohio Third Frontier Commission recommended $948,109 in funding through the Ohio Third Frontier Technology Validation and Start-up Fund. The Fund promotes the commercialization of Ohio technologies developed by the state’s institutions of higher education. Ohio’s institutions of higher education are on the forefront of research that can provide a sizable economic benefit to Ohio companies,” said Christiane Schmenk, Director of the Ohio Department of Development and Chair of the Ohio Third Frontier Commission. “Anything we can do to bring these life-changing technologies to Ohio start-up companies will have a direct impact on job creation and further positions Ohio as a leader in innovative technology.” The goal of the Ohio Third Frontier Technology Validation and Start-up Fund is to create greater economic growth in Ohio-based start-up companies that commercialize technologies developed by Ohio institutions of higher education. The Fund has been designed to support these protected technologies that require validation/proof and will directly impact and enhance both the commercial viability and support for the young and start-up companies licensing these validated/proven technologies.

State Treasurer’s office will offer six CPIM conferences this year throughout the state.  Each conference is designed to allow public funds managers to obtain continuing education credits, required annually by Ohio law.  The 2012 CPIM Conference Schedule is listed below:

2012 CPIM Conference Schedule

 Wednesday, April 25- Roberts Conference Centre – Wilmington, OH 

Wednesday, June 6- Holiday Inn South – Independence, OH 

Wednesday, July 11-  Bowling Green State University Student Union  

Wednesday, August 15-   University of Akron Student Union

Thursday, September 27-   Sinclair Community College David Ponitz Conference Center Dayton, OH

 Wednesday, October 24 -   Ohio State University Fawcett Event Center Columbus, OH

Ohio Treasurer Josh Mandel has expanded online Center for Public Investment Management (CPIM) courses for public funds managers in Ohio.  Treasurer Mandel added three new online CPIM courses this year, expanding the total online course offerings to six. CPIM Courses Currently Available Online are as Follows:

•CASH 210: Banking in the 21st Century

•COMPL 250: The U.S. Federal Reserve & Interest Rate Policy – NEW for 2012

•ETH 305: The Ohio Ethics Law & Real Life – NEW for 2012

•FIN 302: The “Post Crisis” Municipal Market

•FIN 310: Understanding the Finer Details of Debt Structuring – NEW for 2012

•INV 210: How Economic Indicators Affect Your Portfolio and Your Budget

  Governor Kasich’s Mid-Biennium Budget Review Packet –Governor Kasich said that job creation remains Ohio’s top priority.  Though Ohio’s unemployment rate has dropped from 9.0 to 7.7 percent since January 2011, too many Ohioans are still unemployed.  We’re making progress but Ohio still has a lot of work to do.  To further efforts to recreate a jobs-friendly climate in Ohio—efforts that started last year with his Jobs Budget and other policies—Governor Kasich initiated a comprehensive review of state government management, operations and policies in key areas.

Referring to this process as the Mid-Biennium Review (MBR), because it came half-way through Ohio’s two-year budget cycle, Governor Kasich worked with his cabinet and staff to develop new strategies that improve the management of Ohio’s government agencies and health systems, improve Ohio’s education and workforce development efforts, and improve Ohioans’ access to low-cost, reliable energy

• Income Tax Cut       Governor Kasich’s Plan calls for every cent—100 percent—of new tax revenue from the high-volume horizontal wells like those used in Ohio’s Utica and Marcellus shale formations to be used to reduce income taxes the following year.  Governor’s office estimates that new revenue from new, high-volume horizontal wells will allow Ohioans’ income taxes to be cut by an estimated $600 million to $1 billion by 2016.  The industry’s gross income from Ohio wells during this same window is estimated to be between $43 billion and $53 billion
• Education and Workforce - The Governor noted that in Ohio and around the world, education and workforce training are inextricably linked, but Ohio has failed to coordinate curriculum with the needs of job creators, and our workforce system has lacked guidance and clarity.  The 21st Century Education & Workforce plan improves alignment and a more innovative approach, however, both job creators and Ohioans looking to improve their skills can get the help they need.
• Management Efficiency - Governor Kasich said Ohio and its state government have urgent needs than cannot wait for the next biennial budget cycle in 2013. The MEP accelerates Governor Kasich’s reform agenda by helping state and local governments streamline their operations, reduce costs and improve delivery of services for Ohio taxpayers
• Bank Tax Reform - According to Governor Kaisch, significant reforms are made in the MEP that prevent large banks from utilizing loopholes created via the 2005 business tax reform, allowing them to “move” Ohio-based assets out of state in order to reduce the assets subject to the tax and essentially eliminated their Ohio tax bill.  He noted that meanwhile, the vast majority of Ohio’s banks, including smaller neighborhood banks, have continued to pay their full tax liabilities.  The MEP addresses these issues and restores fairness to the system.
• Local Government - Governor Kasich stated that over the past several months, local government officials were encouraged to offer their ideas to improve government efficiency and identify areas for cost savings. Community leaders in Ohio, spurred by economic recession and technological advances, increasingly see the value of shared services and resources as a way of reducing costs, improving services and increasing efficiencies. Expanding on tools provided to local governments and schools by his ground-breaking Jobs Budget in 2011, Governor Kasich said the MBR offers local leaders new and enhanced opportunities for cost-saving collaboration across traditional boundaries.
• Capital Improvement - Governor Kasich said the MBR resulted in a new approach to how Ohio pays for the bricks-and-mortar needs of state government agencies and public colleges and universities. Known as the Capital Budget and traditionally enacted every two years, the plan developed by Governor Kasich focuses on the most pressing needs of state government. It also furthers his goal of transforming Ohio’s disjointed “system of universities” into a coordinated “university system” by replacing the process in which colleges and universities traditionally competed for funds with a new process in which universities worked together to create their own unified plan for Ohio’s higher education capital needs. 
• Energy   - Govenor Kasich noted that Ohio’s economy—especially Ohio’s large manufacturing and agriculture sectors—depends on access to reliable, diverse and low-cost energy.  With no federal energy policy to rely on and continued uncertainty in the Middle East, Governor Kasich and his staff began working with energy stakeholders—from energy producers to environmentalists to energy consumers—to develop a comprehensive energy policy for Ohio that would encourage economic growth.  The policy rests on 10 pillars that support a diverse mix of reliable, low-cost energy sources that meet Ohio’s continuing job-creation needs.
• HB 482 Capital Bill (75pages)