Team Neo Releases Q2 Regional Economic Development Report

Q2 Regional Economic Development Efforts Create $214 Million in
Capital Investment

Regional economic development activities helped to strengthen
Northeast Ohio’s economy in the second quarter of 2014 by
attracting four new companies to the region – including
Borgers USA Corporation – and supporting the growth of 16
regional businesses, reports the Q2 2014 Regional Economic
Development Report released by Team NEO.

The report provides the most complete snapshot of economic
development results for Northeast Ohio. It is based on activity
reported by JobsOhio, Team NEO, major city chambers of commerce and
economic development organizations in 18 counties across Northeast

Q2 highlights from the report include:

  • 20 attraction, expansion and retention successes
  • 5,667 jobs
  • $377 million in payroll
  • $214 million in new capital investment

“The economic development ecosystem that exists in this
region is remarkable,” said Tom Waltermire, CEO of Team NEO.
“By collaborating and sharing information, we’re able
to provide a seamless experience for businesses interested in
expanding in Northeast Ohio.”