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JobsOhio accelerating growth of middle-market companies
Ohio’s middle-market is receiving a strong shot-in-the arm through the economic development efforts of JobsOhio.
JobsOhio’s impact on middle-market companies during the first half of 2014 was discussed at the organization’s quarterly public meeting at NASA Glenn Research Center, and the results are impressive. They include:
- Projects won in 1H2014 (total 159): 54 percent were with middle-market companies (revenues $10M-$1B), 16 percent were with large corporations and 30 percent were with small businesses.
- Jobs created in projects won in 1H2014 (total 13,092), 48 percent were with middle-market companies, 39 percent with large corporations and 13 percent with small businesses.
- For new capital investment in projects won in 1H2014 (total $2.67B): 45 percent were with middle-market companies, 25 percent with large corporations and 29 percent with small businesses.
“Growing Ohio’s middle-market companies is crucial to the state’s overall economic growth,” says JobsOhio President and Chief Investment Officer John Minor. “We’re focused on delivering what Ohio’s strong base of existing companies need so they can expand and increase their competitiveness nationally and globally.”