JobsOhio Reports Record Capital Investment in 2017
COLUMBUS, Ohio —JobsOhio, a nonprofit corporation designed to drive job creation and new capital investment in Ohio, reports it worked on 272 economic development projects in 2017, which resulted in 22,788 new jobs — 11% more than it helped to create in 2016.
According to a year-end report released Thursday, the projects that JobsOhio helped secure with worked with state, regional and local partners resulted in $1.1 billion in new payroll.
The 2017 results include $9.6 billion in new capital investments in Ohio, which more than doubled the amount in 2016 and set a new record for JobsOhio.
A breakdown of the 2017 JobsOhio performance metrics includes:
- Total number of projects: 272
- Capital investment: $9.6 billion
- New jobs: 22,788
- New jobs payroll: $1.1 billion
- Retained jobs: 67,849
- Retained jobs payroll: $4.7 billion
John Minor, JobsOhio president and chief investment officer, said part of the growth over the last several years can be attributed to attracting businesses to the state that invested in Ohio for the first time.
“From 2013 to 2017, JobsOhio completed more than 1,400 projects with companies growing their businesses,” said Minor. “In that time, JobsOhio has attracted nearly 300 companies to Ohio that did not have a presence in the state, helping to diversify the state’s industry base and business mix.”
2017 also brought significant third-party recognition that validates JobsOhio’s business model, Minor said. In December, Ernst & Young released its 2017 US Investment Monitor, which ranked Ohio as the No. 1 state for job creation in business development projects. In September, Development Counsellors International ranked JobsOhio as the third best state economic development organization, he noted.
JobsOhio works with six regional partners across Ohio: Appalachian Partnership for Economic Growth, Columbus 2020, Dayton Development Coalition, REDI Cincinnati, Regional Growth Partnership and Team NEO.
For more information, download the JobsOhio 2017 Annual Report.
Copyright 2022 The Business Journal, Youngstown, Ohio.