As a private nonprofit economic development corporation, JobsOhio has been committed to clearly and consistently reporting on key business metrics since its inception in 2011. The steward of a private funding source responsible for driving job creation and new capital investment in Ohio, JobsOhio supports companies across in-demand industries through financial incentives, site selection assistance, workforce development, and more. Although its private nonprofit status means it is not subject to public records disclosure, JobsOhio takes transparency seriously and goes far beyond the requirements for public nonprofit disclosure.
JobsOhio balances transparency and competitiveness while utilizing its private nonprofit structure, which is essential to maintaining client and project confidentiality. This structure gives Ohio an advantage as it contends against other states and countries for jobs and investment. During project negotiations, JobsOhio ensures client confidentiality is protected and that competitors do not see offers. Once a project is complete, JobsOhio publicly shares all its executed grant agreements and loans on the JobsOhio website.
In its ongoing commitment to transparency, JobsOhio undergoes third-party reviews from the following organizations:
Measuring Success
In 2022, a third-party report published by IMPLAN empirically quantified the ripple effects of 3,200+ economic development projects JobsOhio and its regional partners executed between 2011 and 2021. From a fiscal perspective, the report found that JobsOhio projects led to approximately $16.6B in state tax revenue (when accounting for both construction and operational impacts) – affirming that JobsOhio’s economic development strategy creates a very high return. Said another way, for every $1 JobsOhio invests in economic development projects, an estimated $17 of state taxes are generated over time.
JobsOhio exists to help companies and their people thrive in Ohio. Operating as a private nonprofit is critical to the effectiveness of its programs and services largely due to how quickly JobsOhio can help companies meet their growth goals compared to publicly funded economic development models. Companies who choose Ohio to relocate or expand consistently share sentiments about the ease and speed at which they can grow alongside Team Ohio. When asked about the decision to build a manufacturing facility in Ohio, Anduril Industries’ founder Palmer Luckey shared, “There are some states that are really good at pushing you out and slowing you down, and there are others that are great at pulling you in and speeding you up. And that’s what Ohio is.”
Learn more about JobsOhio and its corporate governance here.