As part of the JobsOhio initiative, Team NEO has asked regional organizations to submit their ideas for job creation and economic development. As one of six JobsOhio regional offices, Team NEO received $4.1 million from the Third Frontier Commission to fund the office and support economic development programs.

“The purpose of the money is to improve the economic development system in Ohio,” says Team NEO CEO Tom Waltermire. “We have been spending quite a bit of time working with the board of trustees on how to spend the $4.1 million. We decided to make it into a proposal process, extending it to organizations that represent the 18 counties.”

Waltermire says they are encouraging the organizations to work together on ideas that will attract business to Northeast Ohio and create jobs. “We’re looking for proposals that will have broad regional benefits,” he says. “Ultimately, we want proposals that result in job creation, attraction, retention and expansion of business.”

Team NEO has received 15 letters of intent. Proposals are due by November 11 and will then be reviewed by a Team NEO task force. The board of trustees will make decisions on December 6. “We’re not just handing out money and hoping for the best,” says Waltermire of the selection process. “We’re going to have some very rigorous reporting requirements from the grantees. We’re holding people accountable and asking them to explain the results they are getting.”

Waltermire is optimistic that the proposed plans will have a positive impact on job creation in the area. “The result should be some fresh thinking and new ideas for ways to help the economy in Northeast Ohio,” he says.

Source: Tom Waltermire
Writer: Karin Connelly