Chip Foundries / FABs
Having the right site is critical for a foundry: size matters, but so do power, abundant and clean water supply, nearby infrastructure, and proximity to talent.
Team NEO, Northeast Ohio’s economic development non-profit, actively grows a collection of thoroughly vetted, construction-ready sites to reduce risk and increase speed to market.
Commercial and industrial utility costs in Northeast Ohio, including electricity, water and natural gas, are lower than Midwest and national averages, thanks, in part, to close proximity to natural resources, keeping costs low over time. And the state has been called out by organizations like CBS News for its stable climate and lack of natural disasters, further protecting a company’s investment.
Competitive, construction-ready sites and business incentives from JobsOhio, the state’s unique private economic development corporation, help keep Ohio at the top of Site Selection Magazine’s Governor’s Cup rankings for new capital investment projects year after year. As the JobsOhio regional partner for Northeast Ohio, Team NEO connects companies with both state and JobsOhio support as well as resources across the Northeast Ohio Region.