The Board of Directors from the Piqua, Troy and Tipp City Chambers of Commerce have joined chambers across the State of Ohio by recently passing resolutions in support of the renewal of The Third Frontier initiative (Issue 1) scheduled to be on the May 4 ballot.
The State of Ohio’s Third Frontier initiative has created more than 48,000 jobs while investing $681 million since 2002 which has yielded $6.6 billion in economic activity.
The proposed state constitutional amendment appearing on the May 4 ballot authorizes the State of Ohio to issue up to $700 million in bonds for the Third Frontier initiative over a four year period in order to provide financial assistance and support for research, product innovation and industries such as manufacturing, agribusiness and alternative energy.
Issue 1 will continue to foster job creation through the advancement of new products and services based on science and technology research and development. This will, in turn, ensure Ohio’s ability to create and compete for jobs today and in the future. “The Third Frontier initiative is designed to establish Ohio as a global innovation leader and fuel economic growth across the state of Ohio.” Says Matt Owen, President & CEO of the Tipp City Area Chamber of Commerce. “The passing of Issue 1 will continue funding of this successful program through 2016, at a level of $700 million over the next four years – providing job creation and helping economic development in Ohio.”
The Troy, Tipp City and Piqua Area Chambers of Commerce urge citizens to carefully consider the positive implications of this proposal and vote YES on State Issue 1, which will appear on the May 4th ballot.