together, we can grow businesses, create jobs and build ... · provides big cities, small towns and...

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Together, we can grow businesses, create jobs and build prosperity for everyone in the 18 counties of Northeast Ohio. Erie Huron Richland Ashland Lorain Medina Wayne Summit Cuyahoga Lake Ashtabula Trumbull Portage Geauga Mahoning Columbiana Stark Tuscarawas

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Page 1: Together, we can grow businesses, create jobs and build ... · provides big cities, small towns and economic development organizations data-driven insights, marketing resources and

Together, we can grow businesses,

create jobs and build prosperity

for everyone in the 18 counties of

Northeast Ohio.

Erie

Huron

Richland

Ashland

Lorain

Medina

Wayne

Summit

Cuyahoga

Lake Ashtabula

Trumbull

Portage

Geauga

Mahoning

ColumbianaStark

Tuscarawas

Page 2: Together, we can grow businesses, create jobs and build ... · provides big cities, small towns and economic development organizations data-driven insights, marketing resources and

TEAM NEO is an

economic development

organization accelerating

business growth and job

creation throughout the 18 counties of Northeast Ohio. We work

to generate more jobs faster for more people, retain existing jobs,

create a more inclusive workforce, and attract new investment

to build a more robust and equitable regional economy.

HOW WE DO THIS: Accelerate regional competitiveness. As the

JobsOhio Network Partner, Team NEO aligns and

amplifies local economic development efforts in

Northeast Ohio’s 18 county region to create jobs and

build a more robust economy.

Drive solutions with data. Team NEO conducts

research and data analysis to inform local

conversations and influence solutions to grow the

regional economy.

Promote Northeast Ohio together. Team NEO offers

local partners a bigger, more powerful platform to

share their successes, market their assets and attract

more investment.

Create equitable economic growth. Team NEO

works to increase access to jobs, education and

training for the region’s 4.3 million people, while building

a more appealing investment environment.

Page 3: Together, we can grow businesses, create jobs and build ... · provides big cities, small towns and economic development organizations data-driven insights, marketing resources and

76 announced projects that will generate 6,329In 2018, JobsOhio and the Northeast Ohio Economic Development Network worked on

new jobs

an

d

$2.34 billion in capital investment.

Since 2015, there has been a consistent increase in the number of jobs and payroll created, as well as in capital investment.

300Team NEO, JobsOhio and partners worked on more than projectswith companies that will generate

almost 24,000 new jobsfor Northeast Ohio,

in annual payroll

more than

billio

n$1.1 in capital investment.

$5.5 and almost

bill

ion

We’re making progress.

Page 4: Together, we can grow businesses, create jobs and build ... · provides big cities, small towns and economic development organizations data-driven insights, marketing resources and

• Team NEO’s role is to see the big picture – to align and

amplify the economic development work happening

locally in order to create jobs and build prosperity for

everyone in our communities.

• Team NEO

provides big

cities, small towns

and economic

development

organizations

data-driven

insights, marketing

resources and

more to help

them attract and

grow business.

• Team NEO is the designated JobsOhio network partner,

helping companies leverage the complex economic

development system in Northeast Ohio. We assist with

industry expertise, incentive programs, regulatory issues

and workforce systems.

TEAM NEO ADVANCES NORTHEAST OHIO

NORTHEAST OHIO’S ECONOMIC DEVELOPMENT NETWORKS

Talent and Workforce JobsOhio

Team NEO

Local Economic

Development Teams

Start-up and Scale-up

Organizations

Regional Economic

Development Organizations

Research and Higher Education Institutions

Page 5: Together, we can grow businesses, create jobs and build ... · provides big cities, small towns and economic development organizations data-driven insights, marketing resources and

We are building regional

innovation clusters by connecting

companies, academic and

research institutions with

opportunities to collaborate

and take advantage of new

technologies, such as additive

and smart manufacturing, that

build on the industrial, organizational and workforce

strengths of the region.

We Advance Technology Adoption

Smart ManufacturingIndustrial Internet of Things (IIoT)

Roadmap for Northeast Ohio

EXECUTIVE SUMMARY2019

I IoT Leadership Team

GENEROUS SUPPORT PROVIDED BY:

Prepared by

Page 6: Together, we can grow businesses, create jobs and build ... · provides big cities, small towns and economic development organizations data-driven insights, marketing resources and

Our talent gap research provides

an in-depth look at the supply-and-

demand imbalance of Northeast

Ohio’s workforce. Higher education

and job training programs are

using our Aligning Opportunities

report to assess

priorities, train

workers and bridge the gap.

We Address the Talent Supply/Demand Gap

Aligning Opportunities

in Northeast Ohio

A Resource to Aid in Addressing the Demand and Supply Imbalance

in the Region’s Workforce

PREPARED BY Team NEO

Executive Summary2019 REPORT

IN PARTNERSHIP WITH Delta Dental WITH GENEROUS SUPPORT BY

Aligning Opportunities

in Northeast Ohio

A Resource to Aid in Addressing the Demand and Supply Imbalance

in the Region’s Workforce

PREPARED BY Team NEO

Executive Summary2019 REPORT

IN PARTNERSHIP WITH Delta Dental WITH GENEROUS SUPPORT BY

We Grow a Pipeline of Competitive Sites

We are the link to identify available land sites

and buildings in Northeast Ohio. NEO Right Sites

showcases our most competitive properties, including

those in job hubs and opportunity zones, that have

been thoroughly vetted to

mitigate risk and increase speed

to market.

Page 7: Together, we can grow businesses, create jobs and build ... · provides big cities, small towns and economic development organizations data-driven insights, marketing resources and

Our research team provides

relevant data about the

region’s workforce, supply

chain, transportation,

market and competitiveness

to help businesses make

location decisions.

Our insights on talent,

technology, equity and site selection inform

conversations, influence solutions and impact

regional growth.

We Deliver Data Insights and Drive Solutions

PLUS REVIEW FEBRUARY 2019Quarterly Economic Indicators 18 Counties of Northeast Ohio

Manufacturing continues to play a pivotal role in Northeast Ohio’s economy. This Quarterly Economic Review explores the evolution of this industry, providing insights into the region’s manufacturing sector plus a snapshot of economic activity during the second quarter of 2018.

264,000MANUFACTURING WORKERS

21,000MANUFACTURING OPENINGS ANNUALLY

ACROSS NORTHEAST OHIO:

Chemical subsector strong at $7 Billion

Oil & Gas averages highest output per worker

Regional Exports top $87 Billion

Manufacturing makes up 20% of NEO’s Gross Regional Product

Page 8: Together, we can grow businesses, create jobs and build ... · provides big cities, small towns and economic development organizations data-driven insights, marketing resources and

1111 Superior Avenue, Suite 1600Cleveland, Ohio 44114888.NEO.1411 www.teamneo.org

Network coordination and business development transactions

Promoting Team NEO, the economic development system, and Northeast Ohio

Talent alignment and research

Emerging technology clusters

Priority sites and job hubs

Join Us.

Join Team NEO as a partner and help drive the next wave of economic growth in the region. Partner funds are used to support domestic and international business attraction efforts, insightful research that drives solutions, talent attraction and more. Together, we can grow businesses, create jobs and build prosperity for everyone in our communities.

USES OF INVESTMENTSINVESTOR SOURCES

•Corporate

• Economic Development Partner

• Philanthropic

• JobsOhio

• Government

41%25%

13%

12%9%