JobsOhio Board of Directors Holds Public Meeting
JobsOhio Board of Directors held a public meeting at the NASA Glenn Research Center to discuss second quarter results and to introduce two new board members.
JOBSOHIO BOARD OF DIRECTORS HOLDS PUBLIC MEETING AT NASA GLENN RESEARCH CENTER
Meeting Includes Discussion of Second Quarter Results and Introduction of New Board Members
CLEVELAND – The JobsOhio Board of Directors held a quarterly public meeting at the NASA Glenn Research Center in Cleveland. The meeting included the introduction of two new board members, an overview of second quarter results and fiscal year 2014 audited financial statements; as well as a focus on the strength of the aerospace and aviation industry in Ohio.
John Minor, President and Chief Investment Officer for JobsOhio, provided board members with an overview of the corporation’s second quarter results, which included the retention and creation of 24,369 jobs.
“We posted our highest new job creation numbers during the second quarter of 2014 going back to the start of JobsOhio,” said Minor. “This came from 75 projects during the quarter, and these same companies made commitments of around $1 billion in new capital investment.”
The meeting was the first for new board members John J. Bishop and Stephen A. Perry, both of whom were appointed in July. Bishop is Chairman of the Board of Columbus-based Motorists Insurance Group. Perry recently retired as executive director of the Pro Football Hall of Fame, and is a former Senior Vice President of the Timken Company.
Christine Nelson, Vice President of Regional Development for Team NEO, JobsOhio’s Northeast Ohio Network Partner, provided an overview of the region. The automotive sector in particular is strong in Northeast Ohio, growing nearly 8 percent from 2011 to 2014. Nelson said the attraction of German automotive supplier Borgers USA Corporation to Norwalk will create 250 jobs and is an example of the appeal of Northeast Ohio to the auto industry.
An aerospace and aviation industry update was presented by JobsOhio Managing Director Glenn Richardson who said Ohio remains a leading supplier state to Boeing, Airbus and Northrop Grumman. He noted that Ohio is well positioned to capture a significant share of the aerospace supply chain as these and other Original Equipment Manufacturers expand their supplier base. Richardson added that the presence of GE aviation in Ohio provides an advantage when attracting OEMs and aerospace suppliers to the state. James Free, Director of the NASA Glenn Research Center, highlighted the center’s technological and economic impact not only on the aerospace sector, but other industries as well, including automotive, energy, and medical.
JobsOhio is a private, non-profit corporation designed to drive job creation and new capital investment in Ohio through business attraction, retention and expansion efforts.
Learn more about JobsOhio at jobs-ohio.com
For more information, contact:
Matt Englehart, JobsOhio