Last week, the Ohio State University board of trustees approved a policy revision that enables the university to "invest up to $100 million in operating funds from the school's $3.1 billion long-term pool" in Ohio and Midwestern economic development projects, The Columbus Dispatch reports. The university president, provost and senior vice president for business and finance – "in consultation with the board's finance-committee chairman" – will be in charge of awarding the funds. For more, read the full story.