Fund that’s helped Ohio threatened

News

Fund that’s helped Ohio threatened

Columbus Dispatch – A federal program that’s provided grants to more than 20 Ohio projects in the past six years is being criticized by Senate conservatives as a money-waster that promotes “pet projects.”

The Economic Development Administration, founded in 1965, has issued grants in Ohio worth more than $33 million between 2006 and 2010. The program is now up for reauthorization, and it is the target of conservatives including tea party Sen. Jim DeMint, R-S.C. He argued in a Wall Street Journal column yesterday that the program “too often has used federal dollars to fund pet projects that have little relation to the national interest.”

The Senate is considering whether to increase funding from $300million to $500million a year.

Read the whole article »