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Dave Yost: “Compared to the original deal, this deal is light. It's not…”

Featuring: Dave Yost, Republican | Attorney General of Ohio

AG Yost on JobsOhio

Published February 11, 2025 | Video Starts at 01:30

The equivalent up front payment for the 15 years would be about $840 million, but it is not in the new deal that will be considered tomorrow. Compared to the original deal, this deal is light. It's not the same terms now. I support the extension of Jobs Ohio on the same terms and I'd like to suggest a way to get there. (01:30–01:38)

CLAIM

Asserts that the new deal is less favorable compared to the original deal.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.

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Dave Yost

“Jobs Ohio is a private corporation that was set up by the state to help with economic development, especially job creation.”
AG Yost on JobsOhio | Uploaded February 11, 2025 | 00:00-00:09
“It issued bonds to raise money and bought the rights to the state's liquor monopoly for 25 years and uses the liquor business money to…”
AG Yost on JobsOhio | Uploaded February 11, 2025 | 00:08-00:21
“Most recently the announcement defense contractor Anduril will be manufacturing product right here in Ohio, bringing 4,000 good jobs.”
AG Yost on JobsOhio | Uploaded February 11, 2025 | 00:24-00:34
“On Wednesday, the state controlling board will vote on whether to extend Jobs Ohio for another 15 years.”
AG Yost on JobsOhio | Uploaded February 11, 2025 | 00:40-00:48
“The Office of Budget Management says that the extension is on the same terms as the original deal, but that's not completely accurate.”
AG Yost on JobsOhio | Uploaded February 11, 2025 | 00:52-01:03
“The original deal for 25 years was for an upfront payment of $1.4 billion and then yearly payments.”
AG Yost on JobsOhio | Uploaded February 11, 2025 | 01:02-01:11
“The 15 year extension does not have that upfront payment though the yearly payments are the same.”
AG Yost on JobsOhio | Uploaded February 11, 2025 | 01:10-01:18
“The equivalent up front payment for the 15 years would be about $840 million, but it is not in the new deal that will be considered…”
AG Yost on JobsOhio | Uploaded February 11, 2025 | 01:18-01:30
“Jobs Ohio is doing what they're supposed to do, helping to subsidize some out of state companies who come here.”
AG Yost on JobsOhio | Uploaded February 11, 2025 | 02:14-02:23
“Interest rates are higher now of course, than they were back then.”
AG Yost on JobsOhio | Uploaded February 11, 2025 | 03:11-03:16
“Due to Jobs Ohio's ongoing and excellent advocacy efficacy workforce is near the top of every company's list when considering expansion or…”
AG Yost on JobsOhio | Uploaded February 11, 2025 | 04:29-04:41
“The state liquor business belongs to the people of this state.”
AG Yost on JobsOhio | Uploaded February 11, 2025 | 05:37-05:42