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.
Economic and workforce professionals are encouraged to utilize the second annual “In Demand Jobs Week” to help fill the “skills gap” between job seekers and employment opportunities.read more
Ohio CDC Association is partnering with Ohio Housing Finance Agency (OHFA) to bring the National Development Council (NDC) Housing Development Finance Training to Ohio.
NDC offers this nationally renowned training program that builds the development finance capacity for professionals working at every level and for every sector of the economic, housing and community development profession.read more
Communities driven by private sector technology developments will move to create Smart Communities to address transportation, public service, safety and utility challenges in 2019. Smart Community models are driven by Information Age technology known as the Internet of Things (IoT) and self-driving vehicles known as Autonomous Vehicles (AVs).read more