Ohio is one of the best states for recent college graduates, according to a Bloomberg Businessweek/Aftercollege.com survey that ranked four of the state’s largest cities – Columbus, Cincinnati, Cleveland and Dayton – among the top 30 nationally for their optimum mix of job openings, salaries and affordable living. Ohio had more cities in the top 30 than any state except Texas.

The Ohio Third Frontier Commission today recommended more than $4.9 million in funding through the Ohio Third Frontier Biomedical Program. The companies receiving awards are expected to leverage nearly $11 million of additional investment in Ohio. The awards are contingent upon State Controlling Board approval.

In a press release from the Ohio Department of Development, Ohio Third Frontier has awarded the University of Cincinnati with $3 million in funding for microfluidics research. The research will be conducted in collaboration with Siloam Biosciences, Gamma Dynamics, Sun Chemical and EnMonT.

Soapbox Media examines the Ohio Third Frontier economic development program highlighting several of the local companies that have benefited from the initiative’s funding opportunities.