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.
Seventh Annual Appalachian Ohio State of the Region Conference
Changing the Narrative
Using Rural Wealth Creation to Transform the Region
OCEA is excited to host its annual conference at the Embassy Suites in Dublin, OH on May 23-25, 2018. Our theme is “The Power of Partnerships!” and the program will include valuable content for attendees from two-year colleges, universities, and employer partners.read more
The 16th Annual
I-70/75 Economic Development Summit
May 24, 2018
Sinclair Community College