Ohio leads the Midwest in attracting growth capital
Matt Waldo, senior manager of research and analysis
Since the early 2000s, a significant shift has occurred in pulling VC funding away from the West Coast. Where is the funding going? It’s heading to the Midwest, and Ohio is leading the way. Ohio is earning national attention for its thriving and continuously growing startup environment.
JobsOhio leverages the findings of the McKinsey & Company independent performance assessment to set goals. By employing sound strategies and taking smart, calculated risks, JobsOhio and its economic development partners across the state are striving to better serve companies and Ohio.
Every project is a potential win or learning opportunity, and Ohio had both in 2018
Dana Saucier, vice president & head of economic development, JobsOhio
Each year, JobsOhio takes the time to reflect on its current performance in order to build future capability. In 2018, JobsOhio had its best year yet for performance. JobsOhio had many wins and opportunities made for Ohio. Yet it also had some losses and learned from them.
A focus on multiple industries is good for Ohio’s economy
Andrew Deye, managing director, JobsOhio
During the creation of JobsOhio, a business-minded approach was taken to prioritize how the organization would work for the benefit of the state. By focusing on multiple industries, JobsOhio’s efforts have helped to strengthen Ohio’s economy and make it more resilient.
Cutting-edge companies in Ohio leverage innovation in IIoT
Glenn Richardson, managing director of advanced manufacturing, JobsOhio
Industrial IoT (IIoT) is positioned to profoundly impact advanced manufacturing. Automation presents one of the largest opportunities for growth for manufacturers of all sizes, and Ohio companies are leveraging IIoT to change the way things are made and delivered.
Midwest shale formations are rewriting the time-honored economics in the petrochemical industry.
Wally Kandel, board member, Shale Crescent USA, senior vice president and site manager, Solvay Specialty Polymers USA
The oil and gas finds in the Marcellus and Utica shale formations located underneath Ohio, Pennsylvania and West Virginia have forever changed the outlook for petrochemical investment in the United States. Going forward, companies would do well to give this region, Shale Crescent USA, a close look before determining where in the United States to commit capital.
Businesses and academic institutions embrace new ecosystems of advancement
Ted Griffith, managing director of technology, JobsOhio
In Ohio, our workforce, businesses, academic institutions, and medical and health systems are on the cutting edge of a digital shift. Creating unique labs and innovation hubs allows them to be nimble and agile to develop solutions that meet the need for business profitability and create delightful customer experiences.
Ohio’s concentration of food companies, R&D resources and markets have been giving companies a competitive edge for generations.
Andrea Enders, manager of business development and project management, REDI Cincinnati
Companies that want to make their food products more desirable than other brands need to be looking to Ohio. Ohio’s booming food and agribusiness industry consists of an end-to-end food value chain and a multifaceted infrastructure for quick and affordable access to consumers and suppliers. As consumer trends and preferences continue to evolve, companies can collaborate, innovate and produce many of the world’s most widely available food and beverage products – all from Ohio!