House Republicans are pushing for a investing in Ohio's critical infrastructure, such as pipelines and power plants. But an economics professor says this can stifle future development.
The resolution would force foreign investors with a majority ownership to take their money out of companies deemed to be critical to Ohio's infrastructure, saying that investment leaves Ohio open to a potential threat.
The idea came after supporters of the nuclear power plant bailout law tried to tie bailout opponents to .
Ned Hill, professor of economic development at The Ohio State University, calls this a xenophobic policy that can have a negative ripple effect on other investments.
All of the sudden, Ohio becomes an unpredictable place to invest money in and invest in productive capacity, said.
Hill says it will send a bad message to foreign investors with money in other companies.
