Halfway through 2013, the Ohio Third Frontier Commission has only awarded 14 percent of its 2013 budget – or $33 million – as grants to technology companies and projects, Crain's Cleveland Business reports. The remaining $203 million figure includes $61 million that was left over from last year, when investments slowed during the transformation of the Ohio Department of Development (ODOD) into the Development Services Agency (DSA). The length of time needed to solicit and evaluate proposals has also contributed to the delay, DSA says. Should projects that "could significantly expand Ohio's ability to create jobs in a particular technology sector" materialize, the commission is considering expanding its $50 million Technology Commercialization Centers program to grant awards as large as $10 and $25 million at a time, the article said. For more, read the full story.
Ohio Third Frontier Commission considers awarding significantly larger grants in light of unused funds
