For Immediate Release:
October 2, 2018
TIPP CITY – The JobsOhio Board of Directors held its quarterly public meeting in Tipp City, which was hosted by Aileron. The meeting included updates on JobsOhio’s performance, the Internet of Things (IoT) and the Dayton Region.
Year-to-date through August, JobsOhio worked on 146 projects with companies that committed to create 13,755 new jobs and invest $5.6 billion in new capital.
“The number of new jobs committed is up, and we have seen a 29 percent gain in capital investments over the same period last year,” said John Minor, JobsOhio president and chief investment officer. “Our project pipeline remains healthy, specifically in the later stages where we are in the offer and application phases.”
Minor said JobsOhio’s site initiative continues to add inventory for company expansions by increasing its SiteOhio authenticated sites and its redevelopment and revitalization projects. Over the past four years, JobsOhio’s redevelopment and revitalization investments have totaled approximately $240 million, which has helped attract $2.4 billion of additional investments from other capital providers.
During an industry update, JobsOhio’s Ted Griffith, managing director for information technology, and Glenn Richardson, managing director for advanced manufacturing, discussed how IoT is connecting data from common devices to bring significant improvements that impact everyday life, including transportation safety, enhanced crop yields and healthcare innovation. They said Ohio learning institutions and businesses are collaborating to advance IoT, which provides a more than $380 billion global market opportunity.
Jeff Hoagland, Dayton Development Coalition (DDC) president and CEO, said the top employers in the Dayton region are in the advanced manufacturing, automotive, logistics and distribution, and IT sectors while the bioscience sector is experiencing the highest growth. Hoagland added that the DDC’s project pipeline is the largest on record. He said Wright-Patterson Air Force Base is a substantial asset to the region, which helps attract investment from high-tech businesses while retaining intellectual capital in the region.
JobsOhio is a private, nonprofit corporation designed to drive job creation and new capital investment in Ohio through business attraction, retention and expansion efforts. JobsOhio works with six regional partners across Ohio: Appalachian Partnership for Economic Growth, Columbus 2020, Dayton Development Coalition, REDI Cincinnati, Regional Growth Partnership and Team NEO. Learn more at www.jobsohio.com. Follow us on LinkedIn, Twitter and Facebook.
For more information, contact:
Matt Englehart, JobsOhio