Tagged: JobsOhio

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.