JobsOhio Targets Funding of Middle-Market Companies
David J. Robinson.
The Montrose Group,LLC.
Growing and prosperous companies in the middle market, defined as those companies with annual revenue between $100 million and $1 billion, face numerous challenges as they decide to expand their business and market. The two most often sited challenges to growth by these companies is:
- Financing their expansions
- Recruiting and retaining talent
JobsOhio, the private sector economic development corporation for the state of Ohio, has helped many middle market companies solve the first challenge, and grow in Ohio through its JobsOhio Growth Fund Loan. From June 2016 through May 2017, JobsOhio invested $37,700,000 of loan proceeds into 12 projects that leveraged $453,551,994 of private capital investment. Because of these investments 1,632 jobs will be created with a cumulative payroll of $59,204,836 and the retention of 814 jobs. The average loan size was $3,140,000.
For more details about this program and a detailed list of the 12 projects funded during this period, click HERE.
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