JobsOhio

JobsOhio is a unique private, non-profit economic development corporation established to drive job creation and new capital investment across the state of Ohio. Unlike traditional venture capital firms, JobsOhio is funded entirely by liquor profits, not taxpayer dollars, providing it with a stable and independent funding source to execute its mission. Its primary objective is to attract, retain, and expand businesses within Ohio, fostering economic growth across nine key sectors including Advanced Manufacturing, Technology, Healthcare, and Automotive. The organization works closely with companies looking to relocate or expand, offering tailored business solutions and incentives.

JobsOhio provides a range of financial and strategic support programs designed to incentivize job creation and capital expenditure. These include various grants, such as the JobsOhio Grant for new jobs and payroll, the JobsOhio Research and Development Center Grant, and the JobsOhio Workforce Grant for training initiatives. They also offer capital through programs like the JobsOhio Growth Capital Program and facilitate access to the Ohio Enterprise Bond Fund. Their support is typically performance-based, meaning funding is often tied to specific outcomes like job creation targets or capital investment milestones, rather than equity stakes in startups.

The organization has demonstrated significant impact on Ohio's economy. In 2022 alone, JobsOhio facilitated 312 projects across the state, resulting in a substantial $2.3 billion in new capital investment and the creation of 34,700 new jobs. While their financial support can vary widely depending on the project's scope and impact, their grants and loans often range from $100,000 for smaller job creation initiatives to $5 million for more significant expansions. JobsOhio acts as a strategic partner, providing not just financial incentives but also site selection assistance, workforce development solutions, and connections to local resources, making it a crucial entity for economic development in Ohio.