2020 Annual Report & Strategic Plan

Filled with challenges that reached global proportions, 2020 was a year that altered all of our expectations.

One moment, we were building on our plans for the year. Then, in March, organizations worldwide were forced to pivot quickly to respond to the unprecedented pandemic.

At JobsOhio, we shifted our focus to ensure that Ohio businesses had resources to sustain their operations, all while continuing economic development activity. Amidst the uncertainty and frequent changes, we maintained our spirit of innovation, perseverance, and hope. And in 2021, Ohio will only become stronger, thanks to Ohioans’ determination and the solid fundamentals of Ohio’s economy.

Message from Governor
& Lt Governor

Photograph by Governor | Mike DeWine
Governor

Mike DeWine

Photograph by Lt Governor | Jon Husted
Lt Governor

Jon Husted

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Message from Our Leadership

Photograph by Chairman of the Board | Robert Smith
Chairman of the Board

Robert Smith

Photograph by JobsOhio President & CEO | J.P Nauseef
JobsOhio President & CEO

J.P Nauseef

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JobsOhio operates under the guidance of an independent board of directors appointed by the Governor, by which the organization fulfills its statewide economic development mission

  • 307projects
  • 19,021new jobs created
  • $1.0Bin new payroll
  • $7.8Bin capital investment
Jobs Ohio Map

Year-Over-Year Results

Year-Over-Year-Results

2020 Targeted Industry Results

Year-Over-Year-Results Learn more
  • $500 million JobsOhio’s investment in COVID-19 support initiatives$500 millionInvestment in COVID-19 support initiatives
  • 300,000 Jobs saved by JobsOhio’s ten new programs300,000Jobs impacted by JobsOhio’s 10 new programs
  • 15,000 Businesses helped by these programs15,000Businesses helped by these programs

JobsOhio COVID-19 Response

Ohio’s Position in the U.S.

  • #2 fastest recovery

    to pre-COVID-19 conditions in the region*

  • #2 most affordable state to live

    in the U.S.

  • #3 largest manufacturing workforce

    in the U.S.

  • #6 best overall economic exposure

    to the virus

  • #1 manufacturing GDP

    in the region*

  • 89%

    reduction in unemployment claims since the peak in March

  • 60%

    reach of the U.S. and Canadian population within a one-day drive from Ohio

  • *Region defined as IL, IN, MI, KY, OH, PA, and WV.

Ohio Rankings in National and Regional Sectors

When it comes to national rankings and studies of the best states for business, Ohio continues to accumulate accolades. Ohio's reputation for being business-friendly is supported by countless positive rankings across the nation by other agencies, organizations, publications, and, perhaps most importantly, the businesses that have chosen to grow within its boundaries. Thanks to our resilient economy and affordable cost of living, Ohio's value proposition has never been more evident.

The above recovery insights and ongoing rankings below indiciate that Ohio is and will continue to be in a position of leadership for opportunity.

National Business Climate

  • #1

    Governor’s Cup

  • #9

    Best for Business

  • #3

    Business Climate

  • #9

    Best for Business

  • #7

    Opportunity

  • #10

    Top for Business

National Sector Leadership

  • #2

    Automotive Manufacturing Strength

  • #6

    Opportunity Zones

  • #2

    Aerospace Attractiveness

  • #9

    Manufacturing GDP

  • #3

    Manufacturing Workforce

  • #10

    Technology Jobs

Regional

  • #1

    In Rainy-day Fund Balance

  • #2

    Pension Funding Level

  • #2

    Recovery to Pre-COVID-19 Conditions

  • #2

    In Real GDP Growth

  • #2

    Highest Bond Rating

Learn more

Talent

Ohio to Work

Piloted in the greater Cleveland area, Ohio To Work will help those displaced by the COVID-19 pandemic return to work or discover new job opportunities. This is accomplished through a mix of accelerated job exploration, coaching, innovative financing, and training in collaboration with leading employers, training providers, and nonprofits.

Ohio To Work is unique and innovative because it takes a holistic approach—partnering with the full workforce ecosystem—and is designed to look ahead and build a resilient workforce for the future.

Find Your Ohio

Find Your Ohio is a talent attraction program that launched in March 2020 to drive in-demand talent to the state. Through the program, we connect qualified, out-of-state candidates with job opportunities at companies operating in Ohio. JobsOhio developed Find Your Ohio to address talent shortages that organizations continue to face in critical disciplines. For our inaugural year, we focused on technology talent, specifically five roles of express need.

Through regular engagement with both candidates and companies, from resume submission to consideration, we dramatically increase our chance of successful placement.

As of December 31, 2020, we’ve successfully driven 807 resume submissions through our program website.

Talent Acquisition Services Program

Launched in 2017, the JobsOhio Talent Acquisition Services program (TAS) works with companies that are new to, or expanding within, Ohio to identify their unique talent challenges and customize sustainable talent strategies to solve them. The goal is to build and execute a flexible and customizable recruitment strategy alongside the company’s existing recruiting team.

Learn more

Sites

Preparing Sites for Development

We continued working on JobsOhio’s premier site program, SiteOhio, a site selection evaluation program that puts industrial properties through a more stringent and comprehensive analysis than any other state site certification process in the U.S., to ensure that each site is ready for immediate development.

Environmental remediation testing and lab fees flowchart arrow Removal and disposal of universal and construction waste flowchart arrow Demolition flowchart arrow Site preparation flowchart arrow Building renovation flowchart arrow Infrastructure flowchart arrow Asbestos and lead paint abatement SiteOhio Flowchart

Focusing on Revitalization

Brownfield sites can be appealing, but the cost, relative to their market value, to develop them often deters redevelopment. JobsOhio offers a program that can bridge that financial gap. The JobsOhio Revitalization Program offers loans and grants to companies to redevelop underutilized properties — both land and buildings — and put them back into productive use. This funding mitigates the financial risk and accelerates the speed at which sites are redeveloped.


Filling Gaps in Real Estate Inventory

To help our state compete for reactive site selection projects and accelerate the process of bringing them to fruition, JobsOhio committed $50 million for the Ohio Site Inventory Program (OSIP), which extends grants and low-interest loans to support speculative site and building development projects. These projects have no identified end-user but have the potential for near-term job creation, supporting brownfield redevelopment, or filling inventory gaps within JobsOhio target industry sectors.

Projects are prioritized that result in near-term job creation, support brownfield redevelopment, or fill inventory gaps within JobsOhio target industry sectors.

Diversity & Inclusion

Diverse & Inclusive Recovery for ALL Ohioans

New/Current JobsOhio DEI Programs Investment Impact
JobsOhio Inclusion Grant
Grants for SMBs in distressed areas or owned by underrepresented population groups
$5M annually
First 3 months: 87 companies in pipeline representing 483 jobs and $45M new investment
Project Planning & Vibrant Communities Programs
Technical support and grants for transformational projects
$6.4M annually
$32M/5 years
Targeting 3-6 projects across state, 150+ new jobs, $12+M new investment in distressed communities
Community Bank Partnership
up to $50M
Supported bank loans for small and medium-sized businesses in underrepresented geographies. Totaling over $10M to more than 170 companies employing 2,200+ Ohioans
Ohio To Work
Work with existing workforce development eco-system partners, resources for technology, training, outreach
up to $30M
Pilot launched in NE Ohio. Targets underrepresented populations, partners include Urban League, and Goodwill

New/Current JobsOhio DEI Programs Investment Potential Impact
London Stock Exchange Group ELITE Program
Includes some targeted cohorts in distressed areas and for underrepresented populations.
$6.3M
18 cohorts
(~200 small and medium sized businesses)
Access in underrepresented populations, Stark County minority-owned business cohort underway; Youngstown, Cleveland & Appalachia cohort in development
Affordable Broadband Access
up to $ 50M M
Access in underrepresented geographies and affordable access for underrepresented populations
JobsOhio Bank Loan Guarantee
Loan guarantees for small business owned by underrepresented populations
$10M annually
$30M/3 years

Innovation

Innovation Districts

In March, a new Innovation District in Cincinnati was launched. This first-of-its-kind partnership between JobsOhio, the University of Cincinnati, and Cincinnati Children’s Hospital Medical Center aims to accelerate more than 15,000 STEM graduates and $2 billion in research to bring up to 20,000 new jobs and $3 billion in annual economic impact.

Strengthening Ohio’s Innovation Economy

Our strategy takes form in three main initiatives:

Develop Innovation Districts

We will establish nationally competitive Innovation Districts in dense urban settings where large-scale, mixed-use development is adjacent to major academic and medical research anchor institutions, related firms, entrepreneurs, and spin-off companies.

Deploy Investment Capital

JobsOhio Investment Capital is a vehicle to co-invest with venture sponsors (venture capitalists, research institutes) to fuel scale-up healthcare and technology companies. These companies add vitality to Ohio’s economy and are positioned to become Ohio’s next great corporate leaders.

Assemble Expert Advisors

We will form an advisory group composed of anchor institutions, venture capitalists, and entrepreneurs to inform and catalyze Ohio’s competitive offerings. This group will benchmark these offerings and make recommendations that will improve innovation outcomes.

Learn more

Financials

(Unaudited)
December 31, 2020 and 2019 (In thousands)
Statements of Net Position table

These statements provide the combined financial information of JobsOhio and JobsOhio Beverage System (JOBS) as of December 31, 2020 and 2019. Current assets include more than $196 million of restricted cash that is to be used solely for the operation of JOBS’ liquor enterprise. JobsOhio has outstanding non-executed commitments of loans and grant totaling $262 million to companies for the purpose of job creation and retention; these commitments are not reflected in JobsOhio’s statements of net position. Please visit JobsOhio.com for more information on JobsOhio’s and JOBS financial statements



(Unaudited)
Twelve months ended December 31, 2020 and 2019 (In thousands)
Statements of Revenues, Expenses, and Changes in Net Position table

JobsOhio
JobsOhio is a 501(c)(4) private nonprofit corporation and the sole member of JobsOhio Beverage System (JOBS), a 501(c)(3) private nonprofit corporation. The primary source of funding for JobsOhio is grants from JOBS. These grants enable JobsOhio to fulfill its economic development purpose by promoting job creation and new capital investment in Ohio through business attraction, retention and expansion activities.

JobsOhio Beverage System
On Feb. 1, 2013, JOBS purchased from the state an exclusive franchise for the sale of spirituous liquor throughout Ohio. In addition to the initial cash payment, JOBS committed to make supplemental payments to the state as further consideration for this acquisition based on the performance of the liquor enterprise. JOBS operates the enterprise in part through a contract with Ohio Department of Commerce and its Division of Liquor Control. JOBS grants the net profits of the liquor enterprise to JobsOhio. Please visit JobsOhio.com for more information on JobsOhio’s and JOBS financial statements.

The year in case studies

While the world may have been knocked down in 2020, Ohio will be a leader as we get back up.

It is what we always do. Ohio is positioned to lead the nation in recovery and be a strategic partner for PPE development, and JobsOhio was created for times like these. While many states are revisiting their economic development activity in light of budget constraints as a result of the pandemic, we at JobsOhio recognize those leaders that supported the development of a private, nonprofit organization with a dedicated funding stream.

JobsOhio is in place to help chart the path forward in Ohio’s recovery. And as we celebrate our 10-year anniversary in July 2021, we honor the qualities of strength and resilience that make our state unique— and now, perhaps more than ever before, we look to the future with hope.

Download the 2020 annual report