The public will be able to see which companies get JobsOhio money each month beginning early next year.
“This is all part of us being more transparent,” said John Minor, JobsOhio president and chief investment officer. “We are going to report things more than they were reported before.”
Beginning early next year, Gov. John Kasich’s privatized development agency will publish a monthly report detailing which companies received financial aid from JobsOhio. This isn’t a change from current practice, so much as it is a new venture, as the money itemized in these reports will come from about $180 million JobsOhio has from its lease of the state’s wholesale liquor profits.
None of that money had been spent until recently, Minor said, and “only a small amount” in financial aid has been dispensed thus far. The projects that have already received JobsOhio funds will be accounted for in the first report.
But JobsOhio has faced criticism over a lack of transparency because the agency is largely exempt from the state’s public-records laws, limiting public access to the inner workings of deals for state-sponsored tax credits, which JobsOhio recommends but does not approve.
Starting “sometime in the first quarter of 2014,” JobsOhio will publish a report on its website within three business days of the end of each month with information including the name of the company, its location, the amounts of jobs it will create or retain, the amount of capital the company plans to invest in its project and the amount of JobsOhio assistance it will receive.