Team NEO Awarded $350,000 Grant

Team NEO Awarded $350,000 Grant from Fund for our Economic Future

Members of the Fund for our Economic Future (the Fund), a Northeast Ohio philanthropic collaboration, announced their approval of a $350,000 grant to support Team NEO and its work in partnership with the region’s economic development organizations, business and philanthropic communities and JobsOhio.

“We are grateful for the Fund for Our Economic Future’s continuing support for Team NEO,” said Team NEO CEO Bill Koehler. “We view the Fund’s mission as vital to our work, so its financial support combined with its personal involvement at the board and staff level means we have a unified approach to the challenges and opportunities that face our region. We could not ask for a better partner as we work to grow Northeast Ohio’s economy.”

Fund members approved the one-time, six-month grant earlier this week at their quarterly board meeting.

About Team NEO

Team NEO is an economic development organization focused on creating jobs for Northeast Ohio’s residents. In collaboration with our partners, it leads the region’s business attraction efforts, supports business retention and expansion work as Northeast Ohio’s JobsOhio affiliate, and aligns strategies and resources within the economic development network to maximize its impact. In addition, Team NEO provides tools to assist employers in attracting talent to the region. We are driven to succeed by our passion for the region, and we strive to instill that enthusiasm in others. Our highly experienced staff is guided by a board of business, economic development and civic leaders who share our passion.

About the Fund for Our Economic Future

The Fund for Our Economic Future is a collaboration of funders, including private, community and corporate foundations, higher education institutions, health care systems, corporations, and individuals, dedicated to advancing economic growth and equitable access to opportunity for the people of Northeast Ohio by building shared community commitment, supporting high-impact collaborations and marshalling strategic funding. Since its founding in 2004, the Fund has raised more than $100 million for improving regional economic competitiveness. The Fund’s efforts have helped retain or create 17,763 jobs, add $712 million in payroll, and attract $3.8 billion in capital to Northeast Ohio.