A recent op-ed in the Plain Dealer points out that “the pace of Third Frontier grant-making has slowed to a walk” since Governor John Kasich took office. Since its inception in 2002, the program has successfully leveraged billions in private investment funding to support high-tech industries. However, barely a quarter of the program’s $191 million budget had been allocated when the state’s fiscal year ended on June 30, 2012. Although the op-ed acknowledges that the slowed pace of grant-making can be partially attributed to the review and restructuring of the program initiated by the new administration, it also opines that the delays in allocating funding “are unacceptable and in themselves threaten the integrity of the process.” For more, read the full op-ed.
Op-ed critical of administration’s handling of Third Frontier program
