Team Neo Releases Q2 Regional Economic Development Report

Q2 Regional Economic Development Efforts Create $214 Million in Capital Investment

Regional economic development activities helped to strengthen Northeast Ohio’s economy in the second quarter of 2014 by attracting four new companies to the region – including Borgers USA Corporation – and supporting the growth of 16 regional businesses, reports the Q2 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 in 18 counties across Northeast Ohio.

Q2 highlights from the report include:

  • 20 attraction, expansion and retention successes
  • 5,667 jobs
  • $377 million in payroll
  • $214 million in new capital investment

“The economic development ecosystem that exists in this region is remarkable,” said Tom Waltermire, CEO of Team NEO. “By collaborating and sharing information, we’re able to provide a seamless experience for businesses interested in expanding in Northeast Ohio.”