JobsOhio 2020 annual report touts 19,000 new jobs, $1B in additional payroll

State economic development organization JobsOhio released its 2020 Annual Report and Strategic Plan, which shows that despite the COVID-19 pandemic, it “helped create 19,021 jobs, $1 billion in additional payroll and $7.8 billion in capital investment in the state,” Crain’s Cleveland reports. JobsOhio “said it initiated 307 new projects last year, which marked the second-best year for volume,” and “spent a total of $224.2 million on economic development activities in 2020, up about 61% from $139.4 million in 2019,” according to the article. Additionally, JobsOhio “spent more than $62 million on more than 40 million units of personal-protective equipment” and created other programs to mitigate the pandemic’s effects on the economy, including forgivable workforce loans and investment “for nascent health and technology companies.” For more, read the full article.

Economic Development, State Updates