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Banning Foreign Investment In Critical Infrastructure Could Hurt Ohio's Economy

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Ohio could struggle for future development, if the money from foreign entities is no longer being taken in.

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.

Andy Chow is a general assignment state government reporter who focuses on environmental, energy, agriculture, and education-related issues. He started his journalism career as an associate producer with ABC 6/FOX 28 in Columbus before becoming a producer with WBNS 10TV.