Ohio BWC Dividend Will Deliver $5-Billion to Businesses


COLUMBUS, Ohio (WTVN)--Ohio Governor Mike DeWine has asked the state Bureau of Worker's Compensation to issue a $5-billion dividend to help businesses across the state during the coronavirus pandemic.

DeWine held another press conference on Wednesday, as the state continues to see new cases of the virus above 2,000 per day. DeWine says if approved, it would be the largest dividend ever, and the 3rd such payment issued furing the pandemic.

The city of Columbus is expected to get $64-million in the payment, that largest piece of it. Farmers and restaurants will also benefit from the dividend.

The money comes from payments made into worker's compensation insurance. Money from that pool is then invested, and can grow, with the ability to give the funding back to employers.