Tagged: JobsOhio

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.

Ohio's new private job creation entity is asking the Ohio Supreme Court to force the state to provide funding that's been expected but delayed by a lawsuit.

The budget and commerce departments agreed to transfer rights to the state liquor business to JobsOhio for the next 25 years in a deal worth $1.4 billion.

JobsOhio filed a complaint Friday asking the high court to compel the commerce director to move forward with the agreement.

A coalition of progressive groups and a pair of Democratic state representatives are going back to the Ohio Supreme Court over the state’s job creation agency JobsOhio. But as Statehouse correspondent Karen Kasler reports, this time they have some unlikely help.