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.
Housing demand outstrips supply so much that developers can be – and are – very selective about where they choose to invest. Factors like land price, annexation and zoning processes, infrastructure costs, density, and community design specs will make or break a developer’s go-or-no-go decision. This panel discussion will provide insights into developers’ decision-making processes, as well as help direct the focus of local economic developers to those areas in which they can add value in housing discussions.
The Call for Presentations for the OEDA Annual Summit to be held September 4-6, 2024, at the Glass City Center in Toledo, Ohio, is now open. The Annual Summit offers a unique platform to highlight innovative solutions, spark discussions, and share impactful strategies that have positively influenced communities. The Annual Summit organizers are seeking speakers to provide a variety of high quality educational sessions to attendees.
The Ohio Economic Development Association has announced JP Nauseef and Dr. Ned Hill as the keynote presenters for the upcoming Ohio Basic Economic Development Course, April 29-May 2, in Dublin, Ohio. JP Nauseef, the President and CEO of JobsOhio, which has been described as the “best in class state economic development partnership,” will welcome the Basic Course students and Keynote the course. Dr. Ned Hill, a recognized national expert in economic growth, regional development, and economic development, will kick off the course by covering “What is Economic Development and What is the Job of an Economic Development Professional?”