Proposal would give cash rebates to Ohio employers
COLUMBUS, Ohio -- Ohio employers could see $1 billion in cash rebates this summer from the state insurance fund for injured workers under a proposal announced Thursday.
About 210,000 businesses and public employers could see a payout in June or July, should the board of directors at the Ohio Bureau of Workers' Compensation approve the plan. Checks could range from $5 to more than $3 million.
Gov. John Kasich outlined the proposal Thursday at a T-shirt store in Columbus, which could get a $4,000 rebate.
"I would call this one of the most significant economic stimulus measures that you could see," Kasich said. "I think being able to give a billion dollars in cash means there's going to be a heck of a lot more money floating around inside the state of Ohio, and it will be of significant benefit to the employers, particularly the small businesspeople."
Kasich said he was confident the board would sign off on the idea, which is expected to be presented to them this month.