JobsOhio

The southwestern Ohio community of Wilmington is a little closer to recovering the thousands of jobs lost with the departure of DHL a few years ago.

The announcement of 140 new jobs and 50 retained jobs at Cole Taylor Mortgage, an investment of $3.4 million, is good news, says Gov. John Kasich, even though the company could be sold to a private equity firm.

“Small banks have a tendency to be bought, and sometimes you never know how it’s, what’s going to happen whenever final decisions are made,” says Kasich.

Emily McCord

Governor Kasich was in Wilmington Thursday to highlight new jobs coming to the city. As Emily McCord reports, the Governor was joined by local officials and business leaders to celebrate commitments by companies to create more than 500 jobs.

Lawmakers in the House say they've cleared up a controversy over Gov. Kasich’s job-creating program – whether the auditor can audit the operating funds in JobsOhio, as he says he can, or whether that money is private.

The state's job creation nonprofit JobsOhio faces a Tuesday deadline to produce its private financial records for the state auditor - or explain why it won't.

Questions have mounted about how JobsOhio is spending its private dollars since Ohio Auditor Dave Yost issued a subpoena last week seeking access to the private side of its books. Yost said he was driven to issue the order after JobsOhio declined to volunteer the information.

Pressure is mounting at the Statehouse for more information on how money is being used by the public/private entity  Governor

Kasich created called JobsOhio. Statehouse News Bureau Chief Karen Kasler joins Emily McCord for PoliticsOhio to reports on the controversy over transparency and what's at stake. 

The flap over the state auditor’s authority to look over the financial records of the governor's public-private entity JobsOhio continues, as the deadline to meet a subpoena looms ahead.

Republican Auditor David Yost says he fully anticipates that the governor’s office will comply with the March 19 subpoena because he says he hasn’t formally heard otherwise, though Republican Gov. John Kasich has told reporters he doesn’t feel the auditor has the authority to audit JobsOhio’s private dollars.

The continuing questions surrounding transparency at JobsOhio came up again in a routine meeting about money that goes to an agency that partners with the controversial job-creating entity.

The Development Services Agency’s requests to the Controlling Board included money for loans it administers for the public-private entity JobsOhio. State Rep. and Ohio Democratic Party head Chris Redfern grilled the Development Services Agency about whether its funds could be audited by the state auditor.

Ohio's nonprofit job-creation entity is reporting raising nearly $7 million in donations and contributed services and paying top salaries to some staff last year.

Documents obtained by the Associated Press and other media show half of the 26 salaries paid by the organization were $100,000 or more.

The documents show that JobsOhio's president and chief investment officer drew a $225,000 salary in 2012, far more than Gov. John Kasich's salary of about $149,000.

Ohio's high court has agreed to settle a key legal question regarding the new private economic development entity created by Republican Gov. John Kasich: Do opponents have grounds to sue?

So far, lower courts have rejected a legal challenge to JobsOhio brought by a liberal policy group and two Democratic state lawmakers.

They've stopped short of ruling on the constitutionality of the nonprofit jobs-creation board, instead saying the parties can't show harm and so don't have standing to sue.

Ohio's new private job-creation entity is moving forward with a nearly $1.2 billion bond sale intended to fund its 25-year lease of the state's liquor business.

JobsOhio and Republican Gov. John Kasich's  administration made the joint announcement Tuesday. Proceeds of the Jan. 23 sale would go to economic development efforts.

JobsOhio Chief Investment Officer John Minor and Kasich's budget and commerce directors said they're confident in proceeding after Moody's and Standard and Poor's both issued favorable ratings Monday.

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