Welcome to the Office of Business and Finance
The Office of Business and Finance is focused on operational excellence and resource stewardship, the pillar of Ohio State's strategic plan that provides the financial support for our ambitions as a national flagship public research university. We work to protect and grow the resources available to invest in teaching, learning, research and patient care. Have questions or comments about our new website? Please contact us
Business and Finance News
A new analysis shows that The Ohio State University generates $15.2 billion annually in economic impact for the state of Ohio – which equates to more than $1.735 million in economic impact every hour.
Ohio State’s research enterprise, medical complex, construction projects, athletics events and status as Ohio’s fourth-largest employer combined in fiscal year 2018 to support more than 123,000 jobs across Ohio. Putting that in context: One in every 57 jobs in the state is directly or indirectly supported or sustained by the university.
Michael Papadakis has been named Ohio State’s senior vice president of business and finance and chief financial officer.
Papadakis served as interim senior vice president and CFO for the past year. He joined the university as vice president and treasurer in 2011.
“Mike has been integral to the university’s financial strength and stability over the past few years,” said President Michael V. Drake. “As CFO, Mike’s primary focus will be on operational excellence and resource stewardship to fuel our academic mission.”
Ohio State used efficiencies, new resources and other initiatives to generate $47.6 million in direct benefits to our students in fiscal 2018, according to the university's progress report on the recommendations of the Ohio Task Force on Affordability and Efficiency in Higher Education.
The task force issued recommendations in 2015 on topics ranging from operational excellence to textbook affordability