The Third Frontier program, started under the Taft administration, as of 2009 was considered an enormous success in modernizing Ohio's 21st century economy. The program focuses on issuing funding for research, development, and commercialization projects to the biomedical, alternative energy, and the advanced propulsion industries and institutions, among others. Between 2003-2008 it dispersed $681 million, resulting in a $6.6 billion economic impact return and 41,300 jobs."Ohio Third Frontier creates $6.6 billion in economic impact, 41,300 jobs", Med City News, Retrieved September 21, 2009.
