Have a nice weekend!

Ohio: Capturing Attention, And Investments

In 2022, megaprojects from the semiconductor and automotive industries are boosting the Buckeye State.

By BF Staff
From the July/August 2022 Issue

The 2021 Annual Report and 2022 Strategic Plan from JobsOhio, the state’s private nonprofit economic development corporation, showed 2021 to be a landmark year with more than 29,104 new jobs created and over $6.9 billion in capital investment in Ohio. In addition to new jobs and capital investment, the report highlights 75,416 jobs retained.

JobsOhio is seeking to capitalize on the ongoing trend of attracting successful businesses from coasts in 2022 after nearly 40 new companies relocated from the East and West Coasts to Ohio last year.

Ohio jobs
With a Gross State Product (GSP) of $675 billion in 2020, Ohio is the 7th largest economy in the U.S., and ranks 3rd in manufacturing gross domestic product. (Photo: Adobe Stock / pabrady63)

“We remained steadfast in our commitment to move at the speed of business to attract new jobs for Ohioans, marking a banner year for JobsOhio and tracking strong momentum going forward,” said JobsOhio President and CEO J.P. Nauseef. “Intel has caught the attention of business leaders who didn’t consider choosing Ohio before this year, and we’re proving the state is a major competitor for attracting new business tech, advanced manufacturing, and other rapidly growing sectors that are looking to tap into our growing talent pool and strong business climate.”

In January 2022, Intel announced it had chosen a site in central Ohio’s Licking County for its most advanced semiconductor manufacturing facilities in the world. Intel plans to invest more than $20 billion to build two state-of-the-art factories by 2025, designed for what the company calls the “Angstrom era”—with materials processed on the atomic level—and with support for Intel’s most advanced process technologies, resulting in an increased American share of the global semiconductor supply chain.

Advanced Manufacturing, Automotive, Business Report, Capital Investment, Corporate Headquarters, Economic Development, Featured, Foreign Direct Investment, Incentives, Taxes & Financing, Industries, Industry Clusters/Hubs, Logistics/Warehouse/Distribution, Magazine, Magazine Highlights, Manufacturing, Office, Ohio, Site Selection Factors, USA - Great Lakes, Workforce Development

BF-July/August-2022, Business Incentives, Capital Investment, Economic Development, Ford, Forsee Power, Governor Mike DeWine, Intel, job growth, JobsOhio, ohio, Ohio Department of Development, Ohio Third Frontier Commission, Ohio University Innovation Center, Technology, ZIN Technologies

Sponsored Content

Webinars, Podcasts & Videos

Minnesota is home to the #1 health care cluster in the world according to Medical Alley. In this short video we take a look at why.

Doing Business in Minnesota, a Mayo Clinic Business Development and Destination Medical Center Perspective

Hear from leaders at the Destination Medical Center and Mayo Clinic Business Development in Rochester about why they feel Minnesota is filled with opportunities for founders and why investors should consider the power of startups in Minnesota.

Innovation Tower is leading the evolution of the office environment to attract, inspire and retain top talent... San Antonio, Texas.

Innovation Tower: Where America’s Future Rises – San Antonio, Texas

Innovation Tower is leading the evolution of the office environment to attract, inspire and retain top talent.

Progress Labs at Center 85 in Frederick, Maryland is a five-building approximately 700,000 square foot development. Available for sale or lease. Permit ready.

Property Spotlight: Progress Labs at Center 85 – Frederick, Maryland

Progress Labs at Center 85 in Frederick, Maryland is a five-building approximately 700,000 square foot development. Available for sale or lease, and a Build-to-Suit Opportunity. Permit ready.

Share to...