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Ohio Third Frontier Performance Metrics

Ohio Third Frontier Performance Metrics. * Leveraged dollars to state funds expended (does not include any cost share). ** Metric based on multiplier from 2009 SRI Report, Making an Impact: Assessing the Benefits of Ohio’s Investment in Technology-Based Economic Development Programs.

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Ohio Third Frontier Performance Metrics

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  1. Ohio Third Frontier Performance Metrics * Leveraged dollars to state funds expended (does not include any cost share). ** Metric based on multiplier from 2009 SRI Report, Making an Impact: Assessing the Benefits of Ohio’s Investment in Technology-Based Economic Development Programs. *** State funds expended/ direct jobs created.

  2. Ohio Third Frontier Awards State funds awardedDec 11: $1.13B Number of grantsDec 11: 421

  3. Ohio Third Frontier Leverage Ratio 3.5 : 1 equals Biomedical Research and Technology Transfer Commission, and Ohio Public Expenditures Council estimated leverage Dollar value of leverage is $7.3B Goal = 3.5 : 1

  4. Ohio Third Frontier Funds Expended & Leverage Expenditures: Dec 11: $847M Leverage:Dec 11: $7.3B

  5. Ohio Third Frontier Direct & Indirect Jobs Goal equals value estimated by Ohio Public Expenditures Council. 14,568 direct jobs. Types of direct jobs: Prod/Mfg: 23% R&D: 50% Admin/Other: 26% Job Creation Goal = 96,000

  6. Ohio Third Frontier Leverage by Category $7.3B 6% 1% (L) $6.6B 6% 1% (L) $5.9B 28% 5% $5.3B 1% (L) 26% 5% 1% (L) $4.7B 26% 6% 1% (L) $4.1B 24% 7% 23% 1% (L) 30% $3.43B 28% 21% 8% 26% 1% (L) 28% 18% 28% 27% 7% 7% 8% 3% (S) 26% 8% 3% (S) 3% (S) 9% 3% (S) 9% 3% (S) 9% 3% (S) 3% (S) 28% 26% 31% 31% 31% 33% 36%

  7. Ohio Third Frontier Company Creation/Capitalization/Attraction Companies reported that have since ceased all operations in Ohio: 81

  8. Ohio Third Frontier Average Salary & Cost Per Direct Job Created • Average salary of direct jobs created is well above state average salary $40,128 • Average annual salary exceeds cost per direct job created

  9. Biomedical ($402) Advanced Materials ($205) Advanced Energy ($192) Funds ($179) Instruments, Controls & Electronics ($103) Advanced Propulsion ($39.9) IT awards by June 2010: $13.7M Ohio Third Frontier Funds Awarded by Sector

  10. Biomedical Advanced Energy Instruments, Controls & Electronics Advanced Materials Advanced Propulsion Funds Ohio Third Frontier Funds Awarded by Sector/Region Awards Per Region: Northeast: 189 Central: 100 West Central: 51 Northwest: 35 Southwest: 34 Southeast: 8 Total State Funds Per Region: Northeast: $494M Central: $282M West Central: $130M Southwest: $118M Northwest: $87M Southeast: $25M

  11. Grand Summary of Statistics *Expenditure for endowment is recorded once a research scholar has been hired. **Adjusted to eliminate duplication of company data by collaborating programs

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