Wednesday, May 08, 2013

NE Ohio economic development groups tout benefits of their collaboration

Civic and political leaders in Northeast Ohio talk at length about working together regionally. But it may be the area's private-sector business development and attraction organizations that make the best effort at getting regionalism to work.

Ten of those organizations report that, as a group, they worked last year with companies and entrepreneurs that expect to create 36,363 jobs and $1.8 billion in capital investment in Northeast Ohio. The jobs and investment is expected to come from companies in many sectors; the businesses include expanding health care and biotechnology firms and drillers rushing to tap into the recently discovered oil and gas fields in Ohio's Utica shale region.

While business investment decisions are complex and often based on internal factors, these organizations help untangle red tape, identify public and private financial partners and show companies locations for offices or plants. More here.

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