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.
Putting products and services in front of international customers can help small and medium-sized businesses grow, and the Ohio Development Services Agency can make it easier to do that.read more
The State of Ohio wants to help businesses grow, and a program offered by the Ohio Development Services Agency can provide the boost needed to improve international marketing or logistics.read more
The chairman and chief executive of NuVasive Inc., Greg Lucier, on Wednesday declared the company’s West Carrollton facility the “largest and most advanced spine medical device factory in the world.”read more