As the new regional office in Northeast Ohio for the JobsOhio business development program, Team NEO is preparing to award grants totally $3 million for six proposals to stimulate job growth and economic development in the region, Crain’s Cleveland Business reports.
The largest grant ($2 million) will go to a joint regional retention and expansion program involving five groups — Greater Cleveland Partnership, Team Lorain County, Youngstown-Warren Regional Chamber, Stark Development Board, and the Greater Akron Chamber.
The Wayne Economic Development Council will receive two grants, including $150,000 to build the region’s agricultural bioscience business sector and $125,000 for an effort to attract foreign investment in the region by giving foreign investors the opportunity to obtain green cards for themselves and their families under the federal EB-5 program.
Team NEO would receive $475,000 for its business attraction strategy that targets companies in high-growth industry sectors; Early-stage investment organization JumpStart Inc. would receive $125,000; and Richland Community Development Group would be given $100,000 for its business retention and expansion activities.
You might like:
- Mary’s Gone Crackers Expands, Relocates HQ To Nevada
- SNAPSHOTS: 60 Seconds… with Dennis Davin, Secretary, PA DCED
- Industry Focus: Aerospace Sector Is Flying High Again
- Data Cowboys
- Leading FDI Experts Analyze Global Trends At LiveXchange
- Chicago Celebrates Technology Startup Hub Expansion, 700 New Tech Jobs
- Mitsubishi Heavy Industries HQ Moving To Texas
- Kansas City Launches “Smart City” Initiative
- Shopping Bag Manufacturer Creating 100 Jobs In Georgia
- Automotive Parts Supplier Expanding In Indiana
- Advanced Manufacturing Industry: Dynamic Advancements
- Michigan Hot Dog Maker To Expand, Hire 140 Workers
- Two-Way Street
- Salesforce To Grow Regional HQ, Add 800 Jobs In Indiana
- Foreign Direct Investment: On the Rebound?
- SATA Group Building New Plant In Texas
- Tennessee Lands New Customer Service Center