Liquor Lease To JobsOhio OK'd

Published: 02/07/2012

COLUMBUS — The Ohio Controlling Board last month approved the transfer of Ohio’s liquor merchandising business to Gov. John Kasich’s new jobs development agency.

Under the plan approved Jan. 30, Jobs Ohio will pay $1.4 billion, as well as ongoing annual payments, to lease the state’s wholesale liquor sales operation for 25 years. JobsOhio, the governor’s privatized agency created to perform the duties of the Ohio Department of Development, will use the profits from liquor sales to fund its jobs-creation efforts.