Collaborative Economic Development Efforts Fuel Growth In Second Quarter

Collaborative Economic Development Efforts Fuel Growth in Second Quarter

Regional economic development efforts across Northeast Ohio continued to spur growth for the region’s economy in the second quarter of 2013 by attracting five organizations into the region – including Daisy Brand LLC and GE Oil and Gas, Inc. – and facilitating the expansion and/or retention of eight others, reports the Q2 2013 Regional Economic Development Report released by Team NEO.

The report provides the only snapshot of regional economic development results as reported by JobsOhio, Team NEO and economic development organizations in 18 counties across Northeast Ohio.

Other Q2 highlights from the report include:
• 13 attraction, expansion and retention successes (34 year-to-date)
• 1,933 jobs (5,644 year-to-date)
• $87 million in payroll ($271 million year-to-date)
• $246 million in new capital investment ($447 million year-to-date)

“Northeast Ohio’s economic development organizations continue to work together to drive job growth and move our region’s economy forward,” said Tom Waltermire, Chief Executive Officer of Team NEO. “The collaborative nature of our region’s economic development system helps create effective solutions for organizations to grow in our region.”

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