Team NEO, MAGNET, Wire-Net and Medina County Workforce Development came together as a group to secure a $1.8 million federal Make it in America grant, one of only 10 groups nationwide to receive such funding.

The money will be used to help local companies that show the potential to bring manufacturing jobs to the region.

“We will use the money to boost the growth of 25 medium-sized companies in Northeast Ohio in many areas, from product development to workforce development,” says Jay Foran, senior vice president of Team NEO. “We’re also hoping to attract new business to the region in support of those companies in biomedical, automotive and advanced engineering.”

The groups have been working together since March to apply for the grant. “So many partners saw opportunities for themselves that aligned with this grant,” says Laura Hudak, Team NEO’s vice president of finance and administration. “The opportunity to collaborate is equally important as the financial implications.”

Each group will have a different role in distributing the grant money. Team NEO will serve as administrator and work on attracting international business. WIRE-Net will work directly with the companies receiving the funds, building on its manufacturing experience. MAGNET will provide resources for job and business growth, while Medina County Workforce Development will coordinate services with area colleges and universities.

The Make it in America program is a $20.5 million Obama administration initiative designed around job creation and investment in U.S. businesses.

Source: Jay Foran, Laura Hudak
Writer: Karin Connelly