A $1 billion, largely bond-financed expansion of the Ohio State University Medical Center got a boost last week with the announcement of a $100 million federal grant. The project is Ohio’s largest labor initiative and is projected to create up to 10,000 new jobs and 5,000 construction jobs.

The grant was made by the Health Resources and Services Administration as part of the federal Affordable Care Act, according to former Gov. Ted Strickland’s office. The medical center project is half OSU’s $2 billion capital program.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.