Building a SMART Community Brings Economic Success

Oct 12, 2017 | News, Newsletter |

Nate Green.
Montrose Group.

Smart Communities embrace technology as the key to their economic future. The first step in building a smart community is defining the elements of a smart community and what the economic benefits are from achieving that status.

The economic benefits of becoming a smart community are substantial. Successful technology based economic development is a well-established, five drivers of regional economic success—along with advanced manufacturing, global trade, advanced services and energy. Successful regional technology economies are built on Science, Technology, Engineering and Mathematics occupations. STEM occupations consist of nearly 100 specific occupations consisting of 6 percent of U.S. employment counting nearly 8,000,000 jobs. STEM jobs are high-wage positions paying on average $77,880 and only four of the 97 STEM occupations had mean wages below the U.S. average of $43,460. The creation of smart community operating systems for cities also suggests substantial economic gain. According to a study by Accenture, Smart City solutions applied to the management of vehicle traffic and electrical grids could produce $160 billion benefits and savings through reductions in energy usage, traffic congestion and fuel costs.

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Call for Presentations for the 2018 OEDA Annual Summit

OEDA invites you to submit a proposal to present at the 2018 Annual Summit, themed “Back to Basics” to be held October 17-19 at the Columbus Renaissance Downtown. The sense that 2018 is going to be a very busy and dynamic year serves to remind us that we need to be doing the foundation work better than ever in order to have great success.

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Team NEO Event – NEO Rising: Celebrating Today. Building Tomorrow.

In 2017, the regional economic development partners across the 18 counties of Northeast Ohio worked together to achieve or exceed goals set by JobsOhio in four categories: projects completed, jobs created/committed, payroll added/committed and capital investment. Let’s keep the momentum going!

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JobsOhio 2017 Annual Report Highlights Results

This report provides an overview of how JobsOhio executes its mission to drive job creation, new capital investment, and economic growth in Ohio through business attraction, retention, and expansion efforts.

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