JobsOhio Releases Annual Report, 2021 Marked As Landmark Year

Jul 22, 2022 | News, Newsletter

JobsOhio, the state’s private nonprofit economic development corporation, released its 2021 Annual Report and 2022 Strategic Plan, which showed 2021 to be a landmark year. In 2021, more than 29,000 new jobs were committed, and companies planned more than $6.9 billion in capital investment in Ohio.

While the Intel megaproject is not included as part of last year’s record performance, JobsOhio was able to break records for commitments of new jobs, new jobs payroll, retained jobs, and new projects.

In 2021, JobsOhio and its partners achieved:

  • 414 total projects
  • 29,104 new jobs
  • $1.6 billion new jobs payroll
  • 75,416 jobs retained
  • $4.5 billion retained jobs payroll
  • $6.9 billion in capital investment

JobsOhio is seeking to capitalize on the ongoing trend of attracting successful businesses from coasts in 2022 after nearly 40 new companies relocated from the East and West Coasts to Ohio last year.

In 2021, JobsOhio continued to focus on 10 target industries with high productivity, wages, and economic impact. These industries are tracked because they are “traded sectors,” which means the jobs could be located anywhere and are not tied to providing local services.

After the challenges presented by COVID-19, JobsOhio’s targeted sectors remained resilient, with aggregate employment fully recovered to pre-pandemic levels. The 10 sectors comprised 36% of Ohio’s gross state product, 28% of its payroll, and 21% of its jobs.

Founded 11 years ago, JobsOhio is a first-of-its-kind private economic development corporation that invests in Ohio’s future. In 2021, JobsOhio took a strategic approach to focus on how the state can best capitalize on its proximity, workforce, infrastructure, and growth opportunities.

These strategic initiatives included:

  • Talent: Home to a labor force of almost 5.7 million people and hundreds of higher education institutions, Ohio continues to fuel one of its greatest assets for business: a robust, skilled, and hardworking workforce.
  • Sites: SiteOhio gives companies access to an inventory of shovel-ready sites, while the Revitalization Program provides financial assistance to companies that want to redevelop abandoned, neglected, or contaminated properties
  • Innovation: Together with the state of Ohio and our healthcare and university partners, JobsOhio has launched one of the nation’s most ambitious and comprehensive economic development initiatives. The Innovation Strategy creates Innovation Districts, funds grants for new R&D centers, and provides businesses with essential growth capital through the JobsOhio Growth Capital Fund.
  • Inclusion: As part of the JobsOhio 5-Year Strategic Plan, our inclusion work encompasses intersecting dimensions of underrepresented populations and geographies. As a result, JobsOhio is investing $18.4 million annually across three inclusion-focused programs. By the end of 2021, we have awarded grants to 215 companies that, in turn, have stimulated more than $50 million in new payroll.

Hanna Greer-Brown, Solid Waste Authority of Central Ohio

When Ohioans bring their recyclables to the curb or to a community drop-off location, they might not give much thought as to where materials like soda and water bottles go from there.

When we recycle, we aren’t only protecting the environment by diverting trash from the landfill; we are also supporting jobs, consumers and Ohio’s economy.

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City of Medina Announces Small Business Assistance Grant Program

The City of Medina Economic Development Department is pleased to announce that the application is now available for the Small Business Assistance Grant. The City of Medina has set aside $200,000 of American Rescue Plan funds to assist City of Medina small businesses with workforce challenges due to COVID-19.  Of this money, $50,000 has been set aside to assist micro-businesses. The grant must be used by successful applicants to address issues with hiring, rehiring, and retaining employees. The Program will be administered by the City of Medina Economic Development Department and the Economic Development Committee.

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