JobsOhio Near 'Top Five' in Economic Development

JobsOhio Near ‘Top Five’ in Economic Development

COLUMBUS, Ohio — A performance assessment of JobsOhio finds that it “consistently performed at or near the top five” of its peer organizations across core performance indicators.

JobsOhio, the private corporation formed by the state of Ohio in 2011 to spearhead its economic development efforts, released the report Thursday afternoon.

The report, prepared by McKinsey & Company, a management consulting firm in New York City, analyzes data from 2013 to 2017. Data from the report came form JobsOhio as well as “numerous interviews” and “a variety of independent third-party sources,” according to a letter to the JobsOhio board of directors from Brendan Buescher, senior partner, and Tyler Duvall, partner.

Compared to regional peers and states with which JobsOhio regularly competes, the organization performs at or near the top five of its peers across core performance indicators including number of wins, jobs, capex – capital expenditure — investment and payroll.

Relative to its peers from 2013 to 2017, JobsOhio ranked fifth in deals and third in jobs, according to a summary of the report’s findings. It ranked second in the United States on jobs retailed and eighth for new jobs.

In capital investment, the organization ranks 11th among its peers, though the summary notes that data limitations don’t reflect “several large infrastructure and energy investments” taking place in Ohio without incentives. It ranks third in incentive spend per job created or safeguarded for the 2013-2017 period, fourth in incentive spend per capex dollar and fourth in incentive spend per payroll dollar for the same period.

Click here to read the full report.

Copyright 2022 The Business Journal, Youngstown, Ohio.