Regional Economic Development Efforts Deliver Job Payroll And Capital Investment Gains

Regional Economic Development Efforts Deliver Job Payroll and Capital Investment Gains

Regional economic development activities helped to strengthen Northeast Ohio’s economy in the third quarter of 2013 by bringing in four new business investments – including Quest Medical Imaging and Royal Appliance Mfg. Co. – and facilitating the growth of 36 regional businesses, reports the Q3 2013 Regional Economic Development Report released by Team NEO.

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

Q3 highlights from the report include:

  • 40 attraction, expansion and retention successes (79 year-to-date)

  • 4,756 jobs (12,654 year-to-date)

  • $244 million in payroll ($530 million year-to-date)

  • $268 million in new capital investment ($729 million year-to-date)

“This report reflects the incredible teamwork and collaboration taking place every day in Northeast Ohio,” said Tom Waltermire, Chief Executive Officer of Team NEO. “Our region’s economic development organizations continue to work together to create jobs and stimulate the economy.”

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