Economic development groups “doubling down” to keep expanding companies in Northeast Ohio

JobsOhio, Team Northeast Ohio and the Greater Cleveland Partnership want to make sure local companies who want to grow “do so here rather than elsewhere in the United States and beyond,” Crain’s Cleveland reports. The three groups will add up to a dozen staffers between them “who will be calling on companies” in Cuyahoga, Geauga and Lake counties “to identify those that are evaluating the long-term location strategies for their businesses,” according to the article. The organizations want “to be ready with financial incentives or sites available for expansion before the businesses decide to expand a plant at a location out of state, or leave the region altogether.” Kristi Clouse, executive director of operations for JobsOhio, said the increased involvement in retention and expansion is “because the bulk of the job creation, about 80%, comes from the expansion of existing businesses.”

Financial Incentives, JobsOhio/ODSA, Regional Updates, State Updates