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.
The Ohio Economic Development Association (OEDA) is proud to congratulate the winners and finalists of the 2019 Annual Excellence Awards! Recognition was presented at the 2019 Annual Summit, held at the Embassy Suites Columbus-Dublin.
The Ohio Economic Development Association’s Annual Excellence Awards program recognizes the achievements of individuals and organizations throughout Ohio in the areas of economic and workforce development.
“The Annual Excellence Awards showcase the best of the best in economic development and gives members of the profession the opportunity to come together and collectively celebrate the success of the economic development profession,” Jennifer Price, OEDA Executive Director, said.read more
Call for Governor’s Cup Submissions: Collectively, you can make a positive impact by submitting your community’s successful economic development projects. The Governor’s Cup submission portal is now open at: https://www.jobsohio.com/govcup-input/read more
Success through Collaboration: A Regional Conference for Southeast Ohio, is being held on Friday, October 4th from 8:30 a.m. to 3:30 p.m. at Buckeye Hills Regional Council in Marietta. This event will bring together community leaders, elected officials, practitioners and more to explore how the power of collaboration has – and will continue to – garner success for southeast Ohio.read more