Business development organization Team NEO has some standout numbers so far in a difficult year, having assisted with $2.5 billion in new capital investment from 44 economic development projects estimated to generate more than 4,200 jobs and $225.8 million in annual payroll.
And the organization’s CEO, Bill Koehler, is optimistic about the region’s economic landscape for next year and beyond.
“We expected there to be some very significant disruption in the economy, which has happened for a lot of companies,” Koehler said in an interview. “But what is interesting is that some of that disruption transformed into very significant strategic pivots on the part of a number of companies that found ways to use it to grow.”
In its role as a regional economic development driver, Team NEO works with public and private partners to “accelerate business growth and job creation throughout the 18 counties of Northeast Ohio,” which includes