Ohio Democrats State Logo

Ohio Democratic

County Chairs Association

Ohio Democrats Party ODP Logo

Main Navigation

MENUMENU
  • Home
  • Who We Are
    • WHY We Are Democrats!
    • County Chairs
      • ODCCA Officers – 2019-2023
        • Message from President Janet Carson
        • ODCCA Executive Committee, Regional Liaisons & Committees
        • County Chairs of the Year – 2020
        • ODCCA Constitution and Bylaws
        • How Ohio’s 88 counties got their names
    • Ohio Democratic Party (ODP)
      • History: Ohio Democratic Party
    • Democratic National Committee
      • DNC Officers
      • Ohio DNC Members
  • Team
    • President Joe Biden & Vice President Kamala Harris
      • Nominees and Appointees
      • The American Rescue Act of 2021
      • American Jobs Plan – 2nd Phase of ‘Build Back Better’ agenda
      • American Families Plan – 3rd Phase of ‘Build Back Better’ Agenda
      • Speeches by President Joe Biden and Vice President Kamala Harris
    • Senator Sherrod Brown
    • U.S. House of Representatives
      • Congressman Greg Landsman – Ohio’s 1st District
      • Congresswoman Joyce Beatty – Ohio’s 3rd District
      • Congresswoman Marcy Kaptur – Ohio’s 9th District
      • Congresswoman Shontel Brown – Ohio’s 11th District
      • Congresswoman Emilia Sykes – Ohio’s 13th District
    • Justices of the Ohio Supreme Court
      • Ohio Supreme Court Justice Michael P. Donnelly
      • Ohio Supreme Court Justice Melody J. Stewart
      • Ohio Supreme Court Justice Jennifer Brunner
    • State Senate Minority Leadership – 135th General Assembly
    • State House Minority Leadership – 135th General Assembly
    • Former President Barack Obama
  • Candidates
    • Interested in being a candidate?
      • Candidate Information: Guides, Forms, Links
      • LEAD Ohio & Main Street Initiative Trainings Announced: Run for Office 2023
    • President Joe Biden-Vice President Kamala Harris – 2024
    • U.S. Senator Sherrod Brown – 2024
  • News
  • Issues
    • The Right to Reproductive Freedom with Protections for Health and Safety
    • An Act to Control and Regulate Adult Use Cannabis
  • Action Items
  • Events
    • Are you ready to vote in 2023?
    • ODCCA
      • ODCCA & ODP County Chairs Monthly Zoom Meetings
      • ODCCA Meetings & ODP Co-Hosted Events
    • Local County Parties
    • ODP
      • Ohio Democratic Party – Family Reunion with Cecile Richards – 7.15.2023
      • County Chairs Monthly Zoom Meetings
    • DNC
      • 2024 Democratic National Convention to be held in Chicago
  • Contact Us
  • Links
  • Members Only

Kasich & Kvamme Failed Record on InvestOhio  

April 7, 2014

This evening, former Kasich senior advisor and InvestOhio founder Mark Kvamme will speak about attracting venture capital to the Midwest at the Northeast Ohio Entrepreneurship Expo. Here’s a look back at Kvamme and Kasich’s attempt at a venture capital model for Ohio – including decreasing the state’s venture capital investments and falling $400 million short of their 2013 goal.

Before Kasich Entered Office, Ohio Saw a Major Jump in Venture Capital: “According to the most recent Ohio Venture Capital Report, venture capital activity in Ohio was up more than 80 percent in 2010, surpassing the national average, which was up only 20 percent.” [Crain’s Cleveland Business, 7/16/2012]

InvestOhio Was Then Created by Kasich and Mark Kvamme, and Was Never Subject to Any Legislative Debate: “When Ohio House and Senate members gathered in June 2011 to iron out differences in their proposed state budgets, Gov. John Kasich introduced a policy that hadn’t been a part of anyone’s budget, including his own.  It was called InvestOhio, a program Kasich and Mark Kvamme had been working on for months to offer tax credits to people who invest in small businesses in the state. InvestOhio received no hearings in either chamber as part of the budget, but it found its way to Kasich’s desk as part of the final budget passed out of a House-Senate conference committee. ” [The Columbus Dispatch, 6/10/13]

Venture Capital Investments in Ohio Have Decreased Since InvestOhio Was Created: “There were 85 equity investments by venture capital firms in Ohio companies last year for a total $317 million, according to a quarterly and year-end report from PricewaterhouseCoopers LLP and the National Venture Capital Association. That was up from 61 deals for $304 million in 2012, but down in dollar volume from the 75 deals and $438 million seen two years ago.” [Columbus Business First, 1/6/2014]

Two Years Later, InvestOhio Has Not Even Issued Single Tax Credit: “And whatever happened to InvestOhio, anyway? Troy Patton, program administrator forInvestOhio, said there have been 2,776 applications for a 10 percent tax credit on about $600 million in investments. The credits have not yet been awarded because investors must hold on to their investments for at least two years.” [The Columbus Dispatch, 6/10/13]

Last Year, InvestOhio Fell Four Hundred Million Short of Goal: InvestOhio was “expected to generate at least $1 billion in new private investment in Ohio small businesses by 2013.” [Ohio Development Services Agency]

Blog Sidebar

Search the Site

Categories

  • Candidates
  • Events
    • DNC
    • Local County Parties
    • ODCCA
    • ODP
  • Issues
    • Federal
    • State
  • News
  • Photo Galleries
  • Uncategorized

Recent Posts

  • (no title) August 23, 2023
  • The Right to Reproductive Freedom with Protections for Health and Safety August 23, 2023
  • An Act to Control and Regulate Adult Use Cannabis August 23, 2023
  • Issue 1 DEFEATED! Democracy Wins! August 9, 2023
  • You did it! THANK YOU! Recycle signs and wires~ August 9, 2023

Contribute to ODCCA

Donate Now

Your contributions
DO make a difference!

When you contribute,
you make a difference in Ohio!
Thank You!

Donate Now

Recent News

  • You did it! THANK YOU! Recycle signs and wires~
  • Gerrymandered Ohio GOP lawmakers launch tyrannical assault on 170 years of majority voter authority
  • Major victory for voting rights: SCOTUS rejects radical ‘independent state legislature’ theory
  • The Former Guy – INDICTED on 37 felony counts in classified docs probe
  • ‘Legally questionable’: Lawsuit filed as Ohio GOP set vote on higher threshold to adopt amendments
  • Ohio Republicans pass HJR1/SJR2 requiring 60%+1 threshold & August 2023 Special Election
  •  
  • View all news

Current Issues

  • The Right to Reproductive Freedom with Protections for Health and Safety
  • An Act to Control and Regulate Adult Use Cannabis
  • Issue 1 DEFEATED! Democracy Wins!
  • How are issues put on the ballot? What issues may be on the ballot? Who determines what issues are on ballot?
  • SCOTUS: Important cases to be decided in 2022-2023 session
  • Inflation Reduction Act of 2022 = Historic Legislation
  • SFC Heath Robinson PACT Act
  •  
  • View all issues

Pages

MENUMENU
  • Home
  • Who We Are
    • WHY We Are Democrats!
    • County Chairs
      • ODCCA Officers – 2019-2023
        • Message from President Janet Carson
        • ODCCA Executive Committee, Regional Liaisons & Committees
        • County Chairs of the Year – 2020
        • ODCCA Constitution and Bylaws
        • How Ohio’s 88 counties got their names
    • Ohio Democratic Party (ODP)
      • History: Ohio Democratic Party
    • Democratic National Committee
      • DNC Officers
      • Ohio DNC Members
  • Team
    • President Joe Biden & Vice President Kamala Harris
      • Nominees and Appointees
      • The American Rescue Act of 2021
      • American Jobs Plan – 2nd Phase of ‘Build Back Better’ agenda
      • American Families Plan – 3rd Phase of ‘Build Back Better’ Agenda
      • Speeches by President Joe Biden and Vice President Kamala Harris
    • Senator Sherrod Brown
    • U.S. House of Representatives
      • Congressman Greg Landsman – Ohio’s 1st District
      • Congresswoman Joyce Beatty – Ohio’s 3rd District
      • Congresswoman Marcy Kaptur – Ohio’s 9th District
      • Congresswoman Shontel Brown – Ohio’s 11th District
      • Congresswoman Emilia Sykes – Ohio’s 13th District
    • Justices of the Ohio Supreme Court
      • Ohio Supreme Court Justice Michael P. Donnelly
      • Ohio Supreme Court Justice Melody J. Stewart
      • Ohio Supreme Court Justice Jennifer Brunner
    • State Senate Minority Leadership – 135th General Assembly
    • State House Minority Leadership – 135th General Assembly
    • Former President Barack Obama
  • Candidates
    • Interested in being a candidate?
      • Candidate Information: Guides, Forms, Links
      • LEAD Ohio & Main Street Initiative Trainings Announced: Run for Office 2023
    • President Joe Biden-Vice President Kamala Harris – 2024
    • U.S. Senator Sherrod Brown – 2024
  • News
  • Issues
    • The Right to Reproductive Freedom with Protections for Health and Safety
    • An Act to Control and Regulate Adult Use Cannabis
  • Action Items
  • Events
    • Are you ready to vote in 2023?
    • ODCCA
      • ODCCA & ODP County Chairs Monthly Zoom Meetings
      • ODCCA Meetings & ODP Co-Hosted Events
    • Local County Parties
    • ODP
      • Ohio Democratic Party – Family Reunion with Cecile Richards – 7.15.2023
      • County Chairs Monthly Zoom Meetings
    • DNC
      • 2024 Democratic National Convention to be held in Chicago
  • Contact Us
  • Links
  • Members Only
Donate Now

© 2014 Ohio Democratic County Chairs Association, All Rights Reserved

Paid for and authorized by the Ohio Democratic County Chairs Association, Amy F. Grubbe/Treasurer, 2810 Hull Road #6, Huron 44839.

Not authorized by any Federal, state or county candidate or campaign committee.