COLUMBUS: A newspaper reports Ohio Gov.-elect John Kasich has picked a Silicon Valley venture capitalist to launch his new private economic development effort.
The Columbus Dispatch also says the man has agreed to do the work for a dollar.
Mark Kvamme (vam), a partner at Sequoia Capital in Menlo Park, Calif., will serve as interim state development director. Kasich says Kvamme will help start the nonprofit JobsOhio project.
An announcement was scheduled for early Friday afternoon.
Kvamme is a member of the board of social networking site LinkedIn. He and Kasich are longtime friends. The new governor told the newspaper the two worked together when Kasich was a managing partner at Lehman Brothers.