COLUMBUS - State Senator Cliff Hite (R-Findlay) today announced that the state's Controlling Board has released $2.8 million in Third Frontier funding to aid in the expansion of Cooper Tire, which is based in Findlay, Ohio.

The expansion will create 40 new, full-time jobs which will result in approximately $4 million in annual salary and benefits.

"Cooper Tire is a Findlay staple, contributing heavily to our local and state economy, and providing much-needed jobs to Northwest Ohio," said Hite. "This Third Frontier grant is an example of how government can pave the way for job creation and make doing business simple in Ohio to attract new businesses and grow our current ones."

Cooper will also contribute more than $40 million towards the project.