The results of “[l]ocal and state business attraction and retention efforts in 2016” showed a big jump from the previous year, according to results released by economic development groups Team Northeast Ohio (Team NEO) and JobsOhio, Crain’s Cleveland reports. The groups “tallied 4,853 jobs created in the 18 counties of Northeast Ohio” and “nearly $1.6 billion in capital investment” last year, compared to “3,634 jobs and $671 million” in investment for 2015, according to the article. Bill Koehler, Team NEO’s CEO, said the strengthening economy and “narrative around the community” have together “helped to create an environment” of opportunity to attract new or expanding businesses. Team NEO reports that over the past five years, “the regional economic development effort has assisted companies that are committing to create 24,000 jobs and injecting $7 billion in capital investment into the region.”
Northeast Ohio saw improved economic development results in 2016
