Global Engagement Adds to Ohio’s Job Pipeline
Foreign direct investment (FDI) benefits Ohio’s economy in many ways and is playing a major role in contributing to Ohio’s job pipeline. First quarter results show that Ohio projects overall are up 13.5 percent and job numbers are up 34 percent compared to this time last year, thanks in part to FDI. International investment in Ohio is up more than 11 percent from last year, leading to a 68.5 percent increase in FDI-related jobs.
In the first quarter, international companies from Europe and the Middle East committed to expanding in Ohio, including Borgers, a German automotive supplier, and Alkermes, a growing biopharmaceutical company from Ireland.
Trade shows like 2017 SelectUSA Investment Summit in Washington, D.C., attended this week by JobsOhio and economic development partners from across the state, have been an important source of new international investment in the past. Ohio’s team made crucial connections at SelectUSA in 2015 that attracted Italy-based Sofidel to central Ohio, creating 310 jobs and a nearly $260 million investment. Connections made at that same event resulted in U.K.-based Mineral Insulated Cable Company’s choice of Northwest Ohio earlier this month as its U.S. entry point.
JobsOhio and its partners hope to once again make and nurture strong connections with global investors from numerous industries looking to expand and hopefully bring jobs to Ohio.
Throughout our careers, we’ve sat in on many meetings – board meetings, committee meetings, meetings about meetings. Some of our favorite meetings are listening sessions. As the name implies, these meetings are designed to be a place in which participants can openly share ideas and have their opinions heard; however, they aren’t always as open as they should be.read more
(WILMINGTON, OHIO) The Clinton County Port Authority (Port Authority) Board of Directors recently approved three facility leases representing nearly 140,700 square feet of space in three buildings at the Wilmington Air Park.read more
Johns Manville (JM), a global building and specialty products manufacturer and a Berkshire Hathaway Co., has announced it will make a significant investment toward expanding capacity at its Defiance manufacturing facility on Carpenter Road.read more