Q1 2014 Regional Economic Development Report

Q1 2014 Regional Economic Development Report

REGIONAL ECONOMIC DEVELOPMENT EFFORTS CREATE
ALMOST 5,000 JOBS AND $240M IN REGIONAL PAYROLL IN Q1

Regional economic development activities helped to strengthen Northeast Ohio’s economy in the first quarter of 2014 by bringing in three new business investments – including Cleveland Tech Holdings LLC – and supporting the growth of 24 regional businesses, reports the Q1 2014 Regional Economic Development Report released by Team NEO.

The report provides the most complete snapshot of economic development results for Northeast Ohio. It is based on activity reported by JobsOhio, Team NEO, major city chambers of commerce and economic development organizations and those in the 18 counties across Northeast Ohio.  

Q1 highlights from the report include:

  • 27 attraction, expansion and retention successes

  • 4,814 jobs

  • $240 million in payroll

  • $684 million in new capital investment

“The region’s economic development organizations are constantly collaborating to find new and innovative ways to strengthen Northeast Ohio’s economy,” said Tom Waltermire, CEO of Team NEO. “By working together, we’re able to provide customized solutions to help new and expanding businesses thrive in Northeast Ohio.”

  • Regional data
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  • collaboration
  • RED