Team Neo And Partners Set New Record

Team NEO and Partners Set New Record

In partnership with local economic development organizations and the state of Ohio, Team NEO recruited 15 new companies to Northeast Ohio in 2012. These new companies represent more than 1,000 direct new jobs and more than $46 million in new direct annual payroll. Many additional jobs will be created as these companies buy goods and services from other local businesses.

“Northeast Ohio’s growing economy and resurgence in steel, energy and manufacturing helped to fuel interest in the region in 2012,” said Team NEO CEO Tom Waltermire. “That, coupled with our central location, proven manufacturing and services expertise, research base in areas such as biomedical and polymers, and skilled, educated workforce makes a strong case for new business investment. In 2012, we attracted companies from a range of industries such as healthcare, IT, human resources and advanced manufacturing.”

The companies that invested in Northeast Ohio in 2012 include: 

  • 7 Signal LTD (Healthcare IT)

  • Alexander Mann Solutions  (Human Resources Services)

  • Analogic    (Healthcare)  

  • Blue Tractor Foods   (Food Processing) 

  • Cleveland Range   (Food Processing) 

  • Electric Cord Sets Inc.  (ICE)

  • Exterran    (Gas Compressors)

  • FST Ltd    (Healthcare Services) 

  • Layer Zero Power Systems, Inc.   (Power Systems)

  • Nestle USA    (Food Processing)

  • SageQuest LLC   (IT)

  • Selas Heat Technology Company  (Industrial Burners)

  • Total Quality Logistics   (Logistics)

  • Valerus    (Gas Compressors)

  • Wiseco Piston Company  (Auto Pistons)

“The 15 companies attracted in 2012, which is the highest in our history, created jobs with an average payroll of more than $45,000,” said Jay Foran, senior vice president of business attraction for Team NEO.  “These companies chose locations across the region, including Cuyahoga, Geauga, Lake, Mahoning, Portage and Summit counties. However, residents from nearly all 18 counties in our region will benefit as these new companies and their employees buy goods and services, creating additional employment opportunities.”

From 2007 to 2012, Team NEO and its partners have brought 67 new firms to Northeast Ohio, accounting for more than 5,900 direct new jobs and $243 million in direct annual payroll.  The total regional benefit is estimated to be more than 13,000 jobs and more than $575 million in regional annual payroll.

  • Team NEO
  • Results