2020 Annual Report & Strategic Plan - JobsOhio
Summary
JobsOhio 2020 Annual Report & Strategic Plan, whose table of contents lists sections including Introduction, 2020 Results, Our Response to COVID-19, Sites, Talent, Diversity and Inclusion, Financials and Conclusion. It opens with a message from Governor Mike DeWine and Lt. Governor Jon Husted describing JobsOhio as Ohio's private nonprofit economic development model. The message says the JobsOhio Inclusion Grant benefited 55 companies in its first year, that the Ohio To Work pilot program began in Cuyahoga County and helped 363 Ohioans, and that a pilot with Starlink brings broadband to 90 homes and 10 small businesses. The closing page describes JobsOhio as a private nonprofit corporation designed to drive job creation and economic development efforts in Ohio.
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2020
Annual
Report &
Strategic
Plan
2020 Annual Report & Strategic Plan 1
2 2020 Annual Report & Strategic Plan
Table of
Contents
8 JobsOhio office, Columbus, Ohio
Introduction
10
2020 Results
21
Innovation
14
Our Response to COVID-19
24
Sites
34
About JobsOhio
18
An Analysis of Ohio’s
26
Talent
36
Financials
Economy
30
Diversity and Inclusion
38
Conclusion
Akron, Ohio
Front and Back Cover Photo
2020 Annual Report & Strategic Plan Oculii, Beavercreek, Ohio 3
Message from
Governor
Mike DeWine
& Lt. Governor
Jon Husted
When confronted with unprecedented challenges like Governor
the COVID-19 pandemic, Ohioans are resilient and create Mike DeWine
solutions. JobsOhio, Ohio’s private nonprofit economic
development model, has been an invaluable asset in
moving our economy forward by assisting struggling
businesses and everyday Ohioans.
At the beginning of the pandemic, we challenged
JobsOhio to be creative and innovative in this effort.
JobsOhio has boldly moved the state forward by
launching new initiatives to help retain businesses and
attract new projects.
In early 2020, we saw the critical need and
unprecedented opportunity to produce Personal
Lt. Governor Jon Husted
Protective Equipment (PPE) amidst a global health crisis.
JobsOhio worked with state agencies and businesses
to identify and acquire these life-saving tools when it
mattered most. We saw many Ohio producers expand
production of PPE, while others created PPE for the
first time. As a result, the state has a skilled workforce
and the necessary logistical advantages to re-shore
production and meet demands for American-made PPE
now and in the future.
4 2020 Annual Report & Strategic Plan
White Castle Ribbon Cutting, Columbus, Ohio
It’s vitally important that all Ohioans benefit from economic development activity. In 2020,
JobsOhio offered the JobsOhio Inclusion Grant to provide financial support to businesses in
distressed areas of Ohio. In its first year, 55 companies benefited from this grant opportunity,
including many minority-owned, women-owned, and veteran-owned businesses. Additionally,
JobsOhio partnered with several state agencies to create Ohio To Work, a pilot program to help
those displaced by the COVID-19 pandemic return to work or discover new job opportunities.
The pilot program began in Cuyahoga County, and through the end of last year, helped 363
Ohioans get back on their feet.
Closing the digital divide is a priority of our administration, and the COVID-19 pandemic has
revealed how essential broadband access is for all Ohioans. We ended 2020 by announcing
a pilot program with Starlink to bring new, highspeed broadband technology to our state.
Currently, the program brings broadband to 90 homes and 10 small businesses. With help from
the Broadband office, JobsOhio will explore additional opportunities to expand broadband
access to all Ohioans.
JobsOhio has also continued work on positioning Ohio as a competitive place for world-class
talent. Over the last year, our administration has announced Innovation Districts in Cincinnati,
Cleveland, and Columbus. In each district, our partners have joined together to invest in and
expand innovative, educational, and research-driven opportunities within the technology and
healthcare industries. These Innovation Districts build on our strengths in a one-of-a-kind
effort to make Ohio a global medical epicenter. We want researchers and businesses to create,
develop, and share their ideas from Ohio with the world.
There has been opportunity with every challenge Ohioans face. It is the ingenuity and work ethic
of the people of Ohio that will lead us to a full economic recovery. Our thanks goes out to the
JobsOhio team and Board for partnering with our administration and continuing its mission. We
are confident Ohio’s best days are ahead of us, and the best is yet to come for all Ohioans.
Mike DeWine Jon Husted
Governor Lieutenant Governor
JobsOhio.com 5
Message from
Chairman of
the Board
Robert Smith
and JobsOhio
President & CEO
J.P. Nauseef
Chairman of the Board Robert Smith
Understandably, many may reflect on 2020 as a year they would prefer to
forget. The challenges were unlike any in 100 years, shaking the global economy
to its core. Ohio was not immune to the effects of the pandemic, but its
leadership and people proved resilient and rose to the occasion, positioning
our state to capitalize on a generational opportunity. 2020 marked the end of
JobsOhio’s first decade in existence, and when it mattered most, our team
responded quickly and decisively with leadership and results. Despite the
difficulties endured, we believe it was one of the strongest years JobsOhio has
ever had.
We began the year, pre-pandemic, with momentum. Governor DeWine and
Lt. Governor Husted were on hand to announce the creation of Ohio’s first
innovation district in Cincinnati, and Ohio was awarded the “Governor’s Cup”
for ranking No. 1 in the USA in Site Selection Magazine’s rankings for the most
economic development projects per capita! Then came COVID-19. It was
clear JobsOhio and our network partners needed to transform our economic
development efforts to meet the critical, immediate needs for Ohioans.
As soon as the pandemic hit our state, Governor DeWine challenged us to
soften the impact of COVID-19 on Ohio’s economy and workforce by utilizing the
JobsOhio
full capabilities of JobsOhio’s unique and powerful attributes: 1) a professional President & CEO
team with extensive private sector experience, 2) a private structure, 3) stable J.P. Nauseef
funding, and 4) a statewide reach through the JobsOhio Network Partners.
JobsOhio worked closely with our Network Partners and the DeWine
administration to create ten economic development programs targeted to assist
businesses and jobs most at risk, resulting in support for more than 300,000
jobs at over 15,000 Ohio businesses. Additionally, along with our Network
Partners, we worked side-by-side with the Ohio Development Services Agency
and the Ohio Department of Administrative Services to bring much needed
6 2020 Annual Report & Strategic Plan
lifesaving personal protective equipment to our healthcare workers and other Ohio citizens in need.
While the pandemic has come with unprecedented hurdles, we believe it has created a once-in-a-generation
opportunity for Ohio to reemerge as a leader. Governor DeWine’s leadership during the crisis helped
Ohio to “stand out,” giving our state positive and persistent exposure at this critical moment. In today’s
climate, businesses are looking to bring their supply chains back to the U.S. Moreover, tens of thousands of
businesses and people are considering migration away from the high-priced coasts to more diverse, livable,
business-friendly, and affordable states like Ohio.
Ohio is positioned to capitalize on this opportunity, particularly because while other states are scaling back
their economic development, Ohio is investing, due in large part, to JobsOhio’s unique and differentiated
business model. Throughout 2020, we and our partners worked to ensure Ohio emerges out of the pandemic
stronger for decades to come.
• We are investing in innovation districts to bolster Ohio’s competitiveness in talent, research,
invention, technology, and healthcare while revitalizing communities.
• We launched support for Ohio’s military and federal sector to make Ohio attractive for federal
spending, military families, and businesses that support aerospace and aviation, artificial
intelligence, and more.
• We initiated an inclusion strategy in 2019 to increase investment in under-represented population
groups and geographies, because a sustainable recovery must and will include all Ohioans.
• We piloted the Ohio To Work program in the greater Cleveland area to help displaced workers find
long-term employment and to help employers find the workforce they need to be competitive.
• We are investing in job-ready sites through the Ohio Sites Inventory Program to improve Ohio’s
success in competing for expanding and attracting businesses.
The ability to move these efforts forward during extraordinary circumstances speaks to the incredible work
of JobsOhio’s associates and our partners. We thank them for the long hours and dedication to the people of
Ohio. We also want to recognize former House Speaker and JobsOhio board member Bill Batchelder,w who
was recently named JobsOhio’s first Board Member Emeritus. We appreciate all he has done for this state
and for economic development in Ohio.
Our experiences in 2020 are allowing us to move forward into 2021 with optimism about Ohio’s future. The
pandemic has helped to spark a growing realization that Ohio’s unique mix of strong leadership, business
climate, skilled workforce, affordability, location, and diverse industries has resulted in the best place to live,
work, and achieve each unique vision of the American dream.
Robert Smith J.P. Nauseef
Chairman of the Board JobsOhio President & CEO
JobsOhio.com 7
Introduction
Filled with challenges that
reached global proportions,
2020 was a year that altered
all of our expectations.
One moment, we were building on
our plans for the year. Then, in March,
organizations worldwide were forced
to pivot quickly to respond to the
unprecedented pandemic.
At JobsOhio, we shifted our focus
to ensure that Ohio businesses had
resources to sustain their operations,
all while continuing economic
development activity. Amidst the
uncertainty and frequent changes, we
maintained our spirit of innovation,
perseverance, and hope. And in 2021,
Ohio will only become stronger, thanks
to Ohioans' determination and the solid
fundamentals of Ohio’s economy.
Old Scratch Pizza,
PPE Tool Kit
Dayton, Ohio
8 JobsOhio.com
JobsOhio Case Study: Pella
Pella Opens a Door for Ohio With New Manufacturing Facility
Headquartered in Pella, Iowa, Pella has been providing
customers with quality doors and windows since 1926. With
multiple awards along the way, Pella has become one of
the largest window manufacturers in the U.S. The company
has expanded to 18 manufacturing locations across the U.S.
“
In the short six months we have been
operational, we have successfully hired over 150
full-time team members. The success we have
had with our staffing efforts only reinforces that
and Canada, with over 8,000 employees. After designing and we made the right decision locating in the state
manufacturing windows and doors for nearly 100 years, Pella of Ohio. We attribute a big part of that success
has established itself as a leader in the field. to the great partnership we have with JobsOhio
and the community of Troy.”
Committed to Customers
Brian Kingery
With windows and doors, customers expect an efficient
Director of Operations, Pella Corporation
product that will last and look pleasing to the eye. Pella’s
success over the years shows its commitment to what
customers want in windows and doors.
Pella Invests in Ohio
With a high standard in its products and customer service, With the help of its many partners in Ohio, including
Pella sought to reach even more customers in the U.S. While JobsOhio, the Dayton Development Coalition, Troy
searching for its next manufacturing location, Pella was Development Council, and Ohio Development Services
interested in an existing facility that would provide it with Agency, Pella will expand the production of its vinyl products
enough space to produce its vinyl products. Pella wanted an even further. Ohio’s large, advanced manufacturing workforce
opportunity to increase production in the Eastern region of was another factor in Pella choosing the state for business—
the U.S. and found its newest facility in Troy, Ohio. with over 700,000 skilled individuals in the manufacturing
sector, Ohio has the third-largest manufacturing workforce
“
in the country.
The site in Troy is an existing 324,000 square-foot space and
met the requirements in both size and function that Pella
We are excited about the growth opportunity
needed. This location will allow Pella to increase its overall
that vinyl products represent. This new facility
production, reduce lead times, and help meet the demand
allows Pella to increase our production capacity
for Pella products in the Eastern U.S.
and shorten lead times for our valued retail and
trade customers in the region.”
With this new facility in Ohio, Pella is making significant
Tim Yaggi financial investments into the project and creating more
President and CEO, Pella Corporation
than 400 jobs.
2020 Annual Report & Strategic Plan 9
2020 Results
307
projects
80
90
90
80
76
19,021
75
new jobs created 71
77
$1.0B 70
70
in new payroll 71
$7.8B
74
in capital investment
JobsOhio
2020
#2 Projects
best year for project volume
#3
best year for capital investment
10
10 2020 Annual Report & Strategic Plan
Year-Over-Year Results
JOBSOHIO METRICS 2018 2019 2020
Total Projects 266 306 307
New Jobs 27,071 22,770 19,021
New Jobs Payroll $1.3 Billion $1.2 Billion $1.0 Billion
Retained Jobs 69,905 52,542 39,208
Retained Jobs Payroll $4.2 Billion $3.2 Billion $2.4 Billion
Capital Investment $9.6 Billion $7.0 Billion $7.8 Billion
2020 Targeted Industry Results
INDUSTRIES Jobs Created Capital Investment ($M)
Advanced Manufacturing 3,527 $884
Automotive 3,293 $2,150
Logistics and Distribution 3,287 $536
Healthcare 2,406 $627
Information Services and Software 1,593 $1,279
Food Sciences and Agriculture 1,554 $1,113
Financial Services 962 $11
Shale Energy and Petrochemicals 959 $850
Military and Federal 300 $182
Aerospace and Aviation 210 $24
Other* 930 $130
Totals 19,021 $7,786
*Represents Headquarters and Back Office
JobsOhio.com 11
JobsOhio Key Initiatives & Functional Support
2011 - Present
Our core initial focuses (1.0)
+ Organization and Culture + Finance
9 Resilient Sectors
+ Beverage System + JobsOhio Network
+ Government Affairs + Marketing and Communications
+ Compliance + Business Development
+ Data and IT Support + Research
+ Legal + 6 Economic Development Programs
+ Strategy
2020 - Present
The next decade of investment (2.0)
+ Talent + Inclusive Economic Development
10 Resilient Sectors
+ Sites + Marketing: Find It Here and Find Your Ohio
+ Innovation + Air Service Restoration
+ Diversity, Equity, and Inclusion + Finance
+ Engagement + 13 Economic Development Programs
2020 - Beyond
Our response to major economic shifts (2.X)
+ COVID-19 PPE + Enhanced Lending Support
+ Ohio PPE Leadership + Organization Hybrid Operations
+ Ohio To Work + 10 COVID-19 Response Programs
+ Broadband
+ Marketing: Ohio is for Leaders
12 JobsOhio.com
Expanding Our Sectors
This year, we added another key sector, Military & Federal—
bringing us a step closer to realizing our vision for Ohio as
the best state for military and federal missions, workforce,
veterans, and their families. Our total number of key sectors
is now 10. Recently ranked #2 for aerospace attractiveness
by PricewaterhouseCoopers, Ohio is the ideal location for
companies looking for partnership opportunities with military
and federal missions.
Ohio’s military and federal installations are at the forefront of
U.S. innovation, spanning the state from Wright-Patterson Air
Force Base (WPAFB) in Dayton to the NASA Glenn Research
Center in Cleveland. In the Columbus suburb of Whitehall,
the Defense Supply Center Columbus (DSCC)—the largest
military supply installation in the world—is home to about
8,000 employees across 26 tenant organizations, including BETA ALIA eVTOL aircraft
Army and Navy Recruiting Centers, U.S. Army Corps of
Engineers, and Ohio National Guard. The installation provides
an economic impact of about $2 billion.
Ohio Leads in Advanced Mobility
Transportation is rapidly changing how the world moves
Recently announced Dayton DigitalWERX will put Ohio in
goods and people. Ohio plans to stay at the forefront of
the center of the Air Force’s digital transformation and on
these shifts in mobility.
the short list of AFWERX Hub cities, including Austin, DC,
Las Vegas, and Los Angeles. These hubs are created to
Over the last five years, the state of Ohio has invested in
make it easy for businesses to work with the Air Force and
initiatives to support innovative technologies that enable
to provide a physical location for businesses to make those
autonomous vehicles on the ground and in the air, including
connections.
smart intersections, autonomous cars, drones, and piloted
and unpiloted package and passenger flying vehicles. Ohio
Whether it’s hypersonic technology or advanced air mobility,
is also a hub for Agility Prime, a U.S. Air Force and federal
Ohio features some of the country's most innovative
government-backed initiative to keep the U.S. ahead in
aerospace installations. Ohio, designated by the Department
Advanced Air Mobility vehicles (i.e., "flying cars").
of Defense (DoD) as a Defense Manufacturing Community, is
partnering with our Air Force research labs to lead the third
Coordinated partnerships have matured into a design, test,
revolution in flight. Given Ohio’s central location, the industry
and deploy ecosystem in Ohio that supports companies as
supply chain, and skilled workforce, Ohio is well-positioned
well as local, state, and federal partners to utilize the state’s
to support military and federal missions.
extensive advanced mobility resources.
Since 2016, Ohio leadership has passed four laws to put it
A “come here to test, stay here to grow” approach to
at the top of the list for military friendliness. Ohio provides
advanced mobility sends the message that Ohio is available
unemployment compensation and license reciprocity for
for immediate advanced mobility innovation. As Ohio leads
military spouses, in-state tuition for military families, and
the development of the transportation system of the 21st
Medicaid waivers for military families with special needs
century, its communities will see increased investment from
dependents.
mobility companies and additional benefits.
2020 Annual Report & Strategic Plan 13
Our Response
to COVID-19
Early in the year, the emergence of the global COVID-19 pandemic prompted us
to shift many of our goals in order to support Ohio communities better and help
our state emerge as a national leader in navigating a full economic recovery.
We moved quickly to develop several new programs in addition to our normal
JobsOhio Cares Team with PPE
economic development work that would help Ohio continue to thrive, even under Tool Kits, Columbus, Ohio
these unexpected circumstances. When Ohio needed us, we were ready.
Ohio Safe. Ohio Working.
As Governor DeWine’s principled and steady leadership has
led us through the challenges of COVID-19, JobsOhio has
been proud to use our private structure, financial resources,
mission-oriented team, and extensive network to serve
our fellow Ohioans. Since March 15, 2020, we have made
available more than $250 million to fund 10 new economic
development programs and up to an additional $250 million
for procurement of over 50 million units of life-saving PPE.
“
We’re thankful for the partnership with
JobsOhio in meeting this urgent need in Ohio.
Providing our frontline healthcare personnel
with personal protective equipment as they
work to keep us safe is an initiative we are
proud to be a part of.”
Ed Grecco
Chief Financial Officer, Battelle
Battelle
Columbus, Ohio
14 2020 Annual Report & Strategic Plan
JobsOhio COVID-19 Response
$500 million 300,000 15,000
Investment in COVID-19 support Jobs impacted by JobsOhio’s Businesses helped by
initiatives 10 new programs these programs
INVESTMENT
INITIATIVE (up to)/obligation IMPACT
PPE In partnership with the State of Ohio, JobsOhio assessed, validated,
negotiated, and in some cases rapidly procured life-saving PPE for
$250M 40.2 million units
Ohio citizens.
$62M
Community Bank JobsOhio strengthened lending capacity through a partnership
Partnership with community banks in Ohio to assist small, lifestyle businesses
$50M 170 businesses
through the pandemic.
$11M 2,200+ jobs
Port Authority JobsOhio backstopped Port Authority Bond Funds leveraging up to
Bond Fund Reserve $1B of private project funding.
$50M $250m capacity
(pending) $50M 8,000 jobs
Workforce JobsOhio provided forgivable loans to qualifying JobsOhio clients
Retention Loan who agreed to retain employees for up to six months.
$50M 86 businesses
$50M 10,678 jobs
JobsOhio This fund provided convertible debt to Ohio-based companies that have
Innovation Fund already completed a seed round of funding. This additional private capital
$50M 37 businesses
helped advance Ohio's most promising health and technology companies.
$47M 1,200 jobs
Liquor Buyback Bar and restaurant owners affected by COVID-19 had the option to
return high-proof liquor purchased between February to March 2020,
$30M 900+ businesses
freeing up access to capital.
$1.5M 15,600 jobs
Air Service Funding for Commercial Service Airports to air carriers to resume
Restoration & service and restore markets.
$10M 5 airports
Revenue Guarantees $10M
Accelerated Qualifying JobsOhio client companies could apply to access
Access to eligible funds and an immediate limited waiver of compliance
$10M 24 businesses
Capital to help sustain operations.
7.2M 2,090 jobs
Liquor Rebate JobsOhio offered assistance in the form of a rebate to select bars and
restaurants (liquor permit holders) to defray the cost of restocking
$7M 12,503 businesses
high-proof spirituous liquor when reopening.
$7M 250,000 jobs
Loan Deferment JobsOhio offered a six-month deferral of loan payments
Program to companies who had existing loans with JobsOhio.
$4M 39 businesses
deferred 5,418 jobs
Appalachian Long-term, low-interest loans were provided to AGC to help small
Growth Capital businesses in Southeast Ohio with financing to offset economic
$2M 27 businesses
disruption caused by COVID-19.
$2M 657 jobs
JobsOhio.com 15
JobsOhio Case Study: Our Response to COVID-19
Stitches USA and Buckeye Mask Company
Step Up to Produce Millions of Masks in Ohio Malyssa Huba, Buckeye Mask
Cleveland, Ohio
As the COVID-19 pandemic took hold across the U.S., already Investing in Success
overwhelmed manufacturing supply chains were pushed to a Local investors came to the rescue. Stitches USA received a
breaking point. $500,000 grant from the Ohio PPE Retooling and Reshoring
Grant Program and a $1.2 million loan from JobsOhio.
More than 2,000 manufacturers in Ohio began producing Meanwhile, Buckeye Mask received a $30,000 grant from the
masks to curb severe shortages among local frontline Ohio PPE Retooling and Reshoring Grant Program and a $1.8
healthcare providers and other essential workers. However, million loan from JobsOhio.
this only resulted in a production capacity of approximately
200,000 masks per week across the entire state—not nearly As a result, they could buy the technology they needed
enough to meet demand. Recognizing this problem, two to produce high-quality cotton face masks on a huge
Ohio businesses—organizations that normally would be scale. Using first-of-its-kind automation, both companies'
competitors—decided to join forces to help. combined efforts facilitated the production of over 1.5
million masks a month for civil use.
A Collaborative Effort
Sugarcreek-based textile manufacturer Stitches USA and Competing in a Crisis
Cleveland-based startup Buckeye Mask were connected This level of mask production is competitive with Chinese
through the Ohio Manufacturing Alliance, a partnership facilities—an impressive win for Ohio, which has now
between the Ohio Manufacturers Association, Ohio reduced its reliance on foreign markets and is better
Development Services Agency, JobsOhio, and the Ohio equipped for the future. This success story is also proving to
Hospital Association. be an inspiration to other local organizations, demonstrating
how—with the support of entrepreneurs, government, and
The two businesses realized that if they pooled their industry experts—Ohioans can successfully compete with
resources, they could not only reduce costs and increase foreign markets.
“
efficiency but also make the greatest impact at a critical
time. To do this, however, they required advanced automated
sewing equipment that could be customized to make masks.
We saw an acute need in Ohio for efficient
production of PPE and stepped up to the
The sewing technology uses a system of conveyors to move
challenge. The speed at which this project
the mask components down the production line into the
came together has been incredible and was
proper position and geometry at just the right time. This
made possible by the efforts and foresight
standard of equipment comes at a cost. In fact, the price
of so many across the state.”
for 15 machines capable of producing 100,000 masks per day
would come out to approximately $3.5 million.
Carla Macklin
President, Buckeye Mask Co.
16 2020 Annual Report & Strategic Plan
JobsOhio Case Study: PureCycle Technologies
The First Steps Towards a Pure Planet Take Place in Ohio
Over the last few years, plastic pollution has become one of LEDC (Lawrence Economic Development Corporation)
the most pressing environmental issues facing our planet. If acquired and developed the property where PureCycle is
business continues as usual, the World Wide Fund for Nature located - a rehabilitated former DOW Chemicals facility -
predicts that, by 2030, the amount of plastic pollution on the with the help of two JobsOhio pilot redevelopment projects.
planet will double, with oceans the most visibly affected. To help it on its way, JobsOhio has provided a $750,000
revitalization grant that contributed towards PureCycle’s
Restructuring the Recycling Market first commercial-scale plant in Ironton, Ohio. Production
PureCycle Technologies has acquired a global license to is expected to commence in late 2022 with full capacity
commercialize the only patented solvent-based purification expected to be achieved in 2023.
recycling technology for restoring waste polypropylene into
virgin-like resin called ultra-pure recycled polypropylene Scalable Success
(UPRP). Unlike existing recycling processes that result in With the financing of the first plant complete, PureCycle is
poor-quality plastic unsuitable for food packaging, the able to accelerate its long-term growth strategy, and the
PureCycle innovation allows the renewal of recycled company intends to build recycling production facilities
polypropylene so that it becomes almost indistinguishable globally. Production from the Ironton, Europe, and cluster
from unused plastic. sites are expected to bring over 1.2 billion pounds of annual
recycled polypropylene to the market in the next five years.
This technology, which was developed by consumer goods
“
giant Procter & Gamble, allows for permits the removal
of virtually all impurities and residual dyes from recycled
plastics. At the same time, the performance and properties
are almost the same as in new materials. The process is
The need of a solution for polypropylene waste
more cost-efficient and environmentally sustainable than
has been and continues to be a driving force
the traditional manufacturing process of producing virgin
for PureCycle. It is even more relevant during
polypropylene, utilizing approximately 75% less energy.
our current health crisis that a global solution
What’s more, PureCycle intends to obtain a letter of no
be the focus to close the loop on making
objection from the U.S. Food and Drug Administration for its
polypropylene a recyclable, valued material
product to be used in food-grade applications.
instead of letting it wash up on our shores.”
An Attractive Proposition Mike Otworth
PureCycle CEO
With all this in mind, it’s easy to see how PureCycle’s UPRP
has already attracted huge interest from global businesses.
As a result of this strong demand, PureCycle has contracted
pricing for its UPRP that is both de-linked from commodity
pricing and at a premium to virgin polypropylene resin.
JobsOhio.com 17
An Analysis of
Ohio’s Economy
Ohio is positioned to make a strong return
from the effects of the COVID-19 pandemic.
Ohio’s Position in the U.S.
#2 #2 #3 #6
fastest recovery most affordable largest best overall
to pre-COVID-19 conditions
state to live manufacturing economic response
in the region*
in the U.S. workforce to the pandemic
in the U.S.
#1
manufacturing GDP
in the region*
89% 60%
reduction in unemployment reach of the U.S. and Canadian population
claims since the peak in March within a one-day drive from Ohio
Princess Gbadamosi, Siemens
Norwood, Ohio *Region defined as IL, IN, MI, KY, OH, PA, and WV.
18 JobsOhio.com
Among the 10 Best Cities for Millennial
Homebuyers, Ohio placed four times:
#4 #7 #8 #10
Dayton Akron Columbus Cincinnati
Downtown Columbus, Ohio
Analysis of Ohio’s Economy
As part of the statutory requirement associated with JobsOhio’s annual report, one required section is an
analysis of Ohio’s economy. Given the events of 2020 and the lag in economic data, a full analysis of Ohio’s
economy that reflects current events is not available to coincide with the JobsOhio annual report publication
timing. JobsOhio has an experienced research team that produced 50 economic reports throughout the
COVID-19 pandemic. These reports can be found at JobsOhio.com/OhioSafeOhioWorking.
While we await the full data, there are a few positive indicators for Ohio which reflect that Ohio is in a
position to lead an economic recovery compared to other states.
Labor Market
Ohio, with an unemployment rate of 5.5%, continues
to perform better than the U.S. rate of 6.7% for
December 2020. Ohio gained 548,500 private sector
jobs from April through the end of the year.
Private Weekly Earnings
The average weekly earnings for private sector
employees grew 0.24% in calendar year 2019. There
was a vast improvement in 2020, which saw private
weekly earnings grow at 4.5% for the calendar year.
Gross State Product
Real annualized gross state product (GSP) was
$683.46 billion for Q3 2020. Percent change in real
GDP from Q2-Q3 2020 is 36.9%, which ranks the
state at No. 14 and puts it at a higher rate than
Pennsylvania, West Virginia, and Illinois.
Nate Weber, Autotool Inc.
Plain City, Ohio
2020 Annual Report & Strategic Plan 19
Industrial Production Venture Capital Investment
Industrial production had fallen to 86.56 during Firms invested in Ohio at record levels in 2020
peak COVID-19 impacts for April 2020 but has ($1.5B). From 2017 through 2020, Ohio’s growth rate
rebounded to 105.30 as of December 2020. in venture capital investment ranked #5 among
states.
Ohio Rankings in National and Regional Sectors
When it comes to national rankings and studies of the best states for business, Ohio continues to
accumulate accolades. Ohio’s reputation for being business-friendly is supported by countless positive
rankings across the nation by other agencies, organizations, publications, and, perhaps most importantly, the
businesses that have chosen to grow within its boundaries. Thanks to our resilient economy and affordable
cost of living, Ohio’s value proposition has never been more evident.
The above recovery insights and ongoing rankings below indicate that Ohio is and will continue to be in a
position of leadership for opportunity.
National #1 Governor’s Cup #9 Best for Business
Business Climate
#3 Business Facilities #9 Best for Business
#7 Opportunity #10 Top for Business
National #2 Automotive Manufacturing Strength #6 Opportunity Zones
Sector Leadership
#2 Aerospace Attractiveness #3 Manufacturing GDP
#3 Manufacturing Workforce #10 Technology Jobs
Regional* #1 In Rainy-day Fund Balance #2 Pension Funding Level
#2 Recovery to Pre-COVID-19 Conditions #2 In Unemployment Rate
#2 Highest Bond Rating
*Region defined as IL, IN, MI, KY, OH, PA, and WV.
20 JobsOhio.com
Innovation
Over the last several years, JobsOhio has been developing an innovation strategy to
attract and retain companies in the fastest growing sectors and improve vitality in Rendering of Cincinnati
Innovation District
urban settings. Historically, Ohio has faced obstacles in the innovation space, notably Cincinnati, Ohio
in the start-up ecosystem. In response, JobsOhio launched a strategy in 2020 focused
on smart, strategic initiatives and investments to increase Ohio’s competitiveness
that will create improvements across the innovation continuum.
Innovation Districts
Strengthening Ohio’s Innovation Economy
In March, a new Innovation District in Cincinnati was
Our strategy takes form in three main initiatives:
launched. This first-of-its-kind partnership between
JobsOhio, the University of Cincinnati, and Cincinnati
Develop Innovation Districts
Children’s Hospital Medical Center aims to accelerate more
We will establish nationally competitive Innovation Districts
than 15,000 STEM graduates and $2 billion in research
in dense urban settings where large-scale, mixed-use
to bring up to 20,000 new jobs and $3 billion in annual
development is adjacent to major academic and medical
economic impact.
research anchor institutions, related firms, entrepreneurs,
and spin-off companies.
Deploy Investment Capital
JobsOhio Investment Capital is a vehicle to co-invest with
venture sponsors (venture capitalists, research institutes)
to fuel scale-up healthcare and technology companies.
These companies add vitality to Ohio’s economy and are
positioned to become Ohio’s next great corporate leaders.
Assemble Expert Advisors
We will form an advisory group composed of anchor
institutions, venture capitalists, and entrepreneurs to
inform and catalyze Ohio’s competitive offerings. This group
will benchmark these offerings and make recommendations
that will improve innovation outcomes.
Cincinnati Innovation District Announcement
Cincinnati, Ohio
2020 Annual Report & Strategic Plan 21
JobsOhio Case Study: Ultium Cells
Ultium Cells
Lordstown, Ohio
Ultium Cells, a Joint Venture with GM, Plugs Ohio Into an Electric Vehicle Future
After 52 years of operations that produced more than 16 GM and Ohio have a history dating back to the mid-1900s.
million vehicles, the General Motors (GM) assembly plant in Over that time, GM has invested billions of dollars into the
Lordstown, Ohio, shut down in March 2019. As a result, some state, which is a leader in the North American automotive
1,500 workers lost their jobs. However, GM brought a new industry. Ohio has the second-largest automotive workforce
opportunity that would set Ohio up to play a key role in the in the U.S., and its geographic location makes it possible
future of electric vehicle (EV) production. for automotive companies to reach 77% of North American
automotive assembly production within a one-day drive.
“
With this investment, Ohio and its highly
capable workforce will play a key role in our
journey toward a world with zero emissions.
Combining our manufacturing expertise with LG
Looking Toward an EV Future
In recent years, GM decided to restructure its business
model to cut losses and focus on its most profitable
operations, including furthering its investment in EVs.
Meanwhile, LG Chem, Korea’s largest diversified chemical
company, was considering establishing a battery cell
Chem’s leading battery-cell technology will help
manufacturing plant in the southeastern region of the
accelerate our pursuit of an all-electric future.
U.S. Their shared interest in the EV space brought the two
We look forward to collaborating with LG Chem
companies together to consider forming a joint venture (JV)
on future cell technologies that will continue to
to mass-produce lithium-ion batteries for EVs.
improve the value we deliver to our customers.”
Mary Barra As they evaluated where to establish this new EV battery
Chairman and CEO, GM
manufacturing facility, the JV team reached out to Ohio to
consider this exciting project.
22 JobsOhio.com
Ultium Cells
Lordstown, Ohio
Ohio Works Quickly Welcome to Ohio, Ultium Cells
The joint venture aimed to begin site work in early 2020 Finally, in December 2019, GM and LG Chem announced the
to meet their aggressive production goals. Ohio only had a creation of their 50/50 joint venture, known as Ultium Cells
few months to work out the details to win the investment. LLC, to mass produce batteries for future EVs in Lordstown,
JobsOhio’s unique, privately-funded economic development creating 1,000 jobs. Ultium Cells will be an integral part of
organization model made it possible for the organization to GM’s ambitious plans to develop 20 EV models by 2023, and
quickly present options and data, including cost analysis it represents an investment of up to $2.3 billion through the
related to taxes and labor, as well as the overall cost of new, equally-owned JV. At the completion of the project, this
doing business in Ohio. facility will be one of the largest cell manufacturing plants in
the world.
Challenges assembling the acreage required for the project
sprung up quickly. Potential sites had issues with existing As the world transitions from internal combustion engines
wetlands. Many entities worked with the JV team to resolve to EVs, battery technology and production will be the new
issues and identify a viable site. backbone of the automotive industry. This project marks the
start of a new era in Lordstown, the Mahoning Valley, and
The multi-billion dollar investment also required financial Ohio. Locals in the Lordstown-Mahoning Valley region are
support from Ohio for the state to be considered for the beginning to describe it as the “Voltage Valley.”
project, as the cost of the investment by GM and LG Chem
would be significant. The Ultium Cells investment will continue to strengthen the
automotive industry in Ohio, enable economic resiliency and
potential for the local and regional economy, and create a
new EV-based cluster that reconfirms Ohio’s leading position
in the new wave of a global automotive technology transition.
2020 Annual Report & Strategic Plan 23
Sites
Site availability and readiness have been identified as major contributing factors to private
sector development and job creation. In the past, Ohio has lost opportunities to secure
capital investment and job creation due to a lack of site options. In 2020, JobsOhio invested
in multiple initiatives related to site and building development to increase Ohio’s potential to
win projects. Additionally, JobsOhio initiated efforts for further real estate development and Site Rendering
community readiness. Hamilton Township, Ohio
Preparing Sites for Development
We continued working on JobsOhio’s premier site program, SiteOhio, a site selection evaluation program that puts industrial
properties through a more stringent and comprehensive analysis than any other state site certification process in the U.S.,
to ensure that each site is ready for immediate development.
Environmental
Asbestos and lead
remediation, testing, Demolition Building renovation
paint abatement
and lab fees
Removal and
disposal of universal
Site preparation Infrastructure
and construction
waste
Focusing on Revitalization Filling Gaps in Real Estate Inventory
Brownfield sites can be appealing, but the cost, relative To help our state compete for reactive site selection projects
to their market value, to develop them often deters and accelerate the process of bringing them to fruition,
redevelopment. JobsOhio offers a program that can bridge JobsOhio committed $50 million for the Ohio Site Inventory
that financial gap. The JobsOhio Revitalization Program offers Program (OSIP), which extends grants and low-interest
loans and grants to companies to redevelop underutilized loans to support speculative site and building development
properties — both land and buildings — and put them back projects. These projects have no identified end-user but
into productive use. This funding mitigates the financial risk have the potential for near-term job creation, supporting
and accelerates the speed at which sites are redeveloped. brownfield redevelopment, or filling inventory gaps within
JobsOhio target industry sectors.
24 2020 Annual Report & Strategic Plan
JobsOhio Case Study: Kao USA
Kao USA Revitalizes its Operations in Ohio, Securing 525 Jobs
Beauty care company Kao USA established its roots in A Win-Win Scenario
Cincinnati several decades ago. The firm, which is responsible As a result of the agreement, Kao will not only retain its
for brands like Jergens, Goldwell, Bioré, Curel, and Oribe, workforce of 525 people—representing more than $51 million
acquired the Andrew Jergens Co. at 2419 Spring Grove in annual payroll—but create an additional 45 jobs.
Avenue in Camp Washington in 1988, where it grew to Described as “a monumental effort inspired by true public-
employ 525 people as part of its research, development, and private collaboration to achieve a vision that works for all
manufacturing operation. parties,” the deal is a significant win for Cincinnati. It ensures
that the city retains its influential presence in consumer
Growing Pains products development, product research, and marketing
Having witnessed remarkable success, the company looked innovation, and facilitating continued economic growth.
to reshore various product lines and expand manufacturing
operations in the manufacturing corridor along Spring Grove The project hasn’t gone unnoticed. Recognizing the innovative,
Avenue. However, it was landlocked by industrial valve collaborative approach involved in this success story, the
company Powell Valves, which was situated in a neighboring Ohio Economic Development Association has awarded the
property. Interested in continuing to grow in the Cincinnati Kao USA expansion “Best Project” as part of its Annual
region, Kao USA formed a partnership with the William Powell Excellence Awards program.
Company, alongside JobsOhio, REDI Cincinnati, The Port of
“
Greater Cincinnati Development Authority (The Port), and the
City of Cincinnati.
A Collaborative Way Forward
The creativity demonstrated by the Kao USA
Over a two-year period, all entities worked together to design
team and partners on this expansion project is
a customized roadmap for Kao’s expansion. This process
a hallmark example of what happens when we
involved huge efforts to assist Powell with obtaining a new
work together. As a result of this collaboration,
headquarters on a nearby four-acre site, so Kao USA could
Cincinnati gains more jobs, and both Kao USA
subsequently acquire Powell’s former facility and prepare a
and the William Powell Company gain a larger
pad-ready site for its expansion.
footprint to do business. This is a major win for
our region.”
To finance the acquisition, The Port board passed a resolution
allowing them to issue up to $8 million in tax increment John Cranley
Cincinnati Mayor
financing bonds through the Southwest Ohio Regional Bond
Fund. Construction on the new manufacturing facility will
begin in 2022, with Kao committing to invest a minimum of
$35 million.
2020 Annual Report & Strategic Plan 25
Talent
Our people are what make our state so extraordinary. We redoubled our efforts
to expand and support our workforce with solutions to help companies find the
talent they need to thrive in Ohio—including launching two new programs this
year alone. JobsOhio is helping companies access workforce partners in Ohio
Master Sergeant Natalie Mcghee,
and investing in programs to increase the skilled talent pool. These programs member of the Equal Opportunity
(EO) Office with the 179th Airlift
focus on recruiting top talent, upskilling incumbent workers, and reskilling Wing, Mansfield, Ohio
workers for the jobs of the future.
Ohio To Work
Piloted in the greater Cleveland area, Ohio To Work will help
those displaced by the COVID-19 pandemic return to work or
discover new job opportunities. This is accomplished through
a mix of accelerated job exploration, coaching, innovative
financing, and training in collaboration with leading
employers, training providers, and nonprofits.
Led by JobsOhio and the Ohio Department of Job and Family
Services, along with the Governor’s Office of Workforce
Transformation and the Ohio Development Services Agency,
the Ohio To Work initiative pulled together employers,
nonprofits, educators, and training providers to help Ohioans
reskill and restart their careers.
Ohio To Work is unique and innovative because it takes
a holistic approach—partnering with the full workforce
ecosystem—and is designed to look ahead and build a
resilient workforce for the future. It has the potential to
have a profound impact on individuals and families across
Ohio. And, it can result in long-lasting systems change by
connecting a broad ecosystem of partners around a shared
United Grinding North America
Miamisburg, Ohio vision to help get Ohioans back to work, reduce friction in
the job market, and help address the skills gap.
26 2020 Annual Report & Strategic Plan
Six key features of Ohio To Work:
While outside JobsOhio’s usual mission, our leadership and
1
board of directors felt it was appropriate for JobsOhio to
Outreach and marketing to ensure displaced
help in this time of critical need. JobsOhio's unique model
workers—particularly "first-time-unemployed
is one thing that sets Ohio to Work apart. Other factors that
workers"—are aware of Ohio To Work services
make this initiative distinct include:
• The initiative leverages current workforce partners and
2
Innovative, tech-enabled assessments that help
amplifies efforts to help displaced workers connect to
job seekers understand their skills and aptitude
employment and restart their careers. This program
for different jobs and pathways
truly focuses on the individual and their unique skill set
to help them achieve their career goals.
• The depth and breadth of employer engagement are 3
astounding. Nearly 50 employers are committing to Coaches equipped with the latest tools and local
the effort with us and connecting back into the service business intelligence to better help their job
partners and training providers. seekers understand employer needs and navigate
• Offerings are customized to the individual through a their options
combination of delivering cutting-edge technology,
tools, and AI.
4
◊ We recognize that one size does not fit all, so we
Connections with employers, training providers,
are working to enable service providers to build
and tools through forums such as virtual job fairs
custom career paths quickly—such as a gamified
career exploration tool that utilizes AI.
◊ We are also launching virtual career fairs, with a
5
Support for reskilling through a JobsOhio training
special emphasis on diversity and inclusion.
fund to support high ROI programs that align to
• Our outcomes-based reskilling fund provides low- to
in-demand skills and occupations
no-debt training.
• The fast pace in which we are moving is the pace
Ohioans deserve. 6
Employer commitments, including commitments
to interview/hire reskilled workers, support
furloughed/released workers, and develop
internship/apprenticeship programs
Kelsey Pool, Client Success Associate,
Futurety Columbus, Ohio
JobsOhio.com 27
Find Your Ohio Talent Acquisition Services Program
Find Your Ohio is a talent attraction program that launched in Launched in 2017, the JobsOhio Talent Acquisition Services
March 2020 to drive in-demand talent to the state. Through program (TAS) works with companies that are new to,
the program, we connect qualified, out-of-state candidates or expanding within, Ohio to identify their unique talent
with job opportunities at companies operating in Ohio. challenges and customize sustainable talent strategies to
JobsOhio developed Find Your Ohio to address talent solve them. The goal is to build and execute a flexible and
shortages that organizations continue to face in critical customizable recruitment strategy alongside the company’s
disciplines. For our inaugural year, we focused on technology existing recruiting team.
talent, specifically five roles of express need.
Since program launch, we’ve deployed a multi-faceted,
national marketing campaign to drive candidates from
across the country to our website, www.findyourohio.com, to
upload their resumes to our candidate portal. We put special
emphasis on targeting individuals in coastal cities and tech
hot spots, as well as veterans and boomerangs—individuals
who have a tie to Ohio but are currently living outside of the
state. Once a prospective candidate submits their resume,
our partner, InnoSource, who supports the candidate and
company experience, conducts an initial screen. Candidates
are validated before being passed to Ohio-based companies
through our secure portal. This step is one of Find Your
Ohio’s biggest differentiators. While other states and
regions have entered the talent attraction space, very few
have been successful at converting top talent to relocate
because lead management wasn’t a focus after initial
marketing touchpoints. Through regular engagement with
both candidates and companies, from resume submission
to consideration, we dramatically increase our chance of
successful placement.
Find Your Ohio has received a positive reception from
companies and has been effective at driving candidate
conversions, even in the midst of a global pandemic. We
quickly surpassed our annual objective of obtaining 500
resumes in just a few short months. As of December 31,
2020, we've successfully driven 807 resume submissions
through our program website.
Charles Green, Software Developer, Nexient
Columbus, Ohio
28 2020 Annual Report & Strategic Plan
JobsOhio Case Study: Talent
Olive Partners with JobsOhio to Attract and Grow The Best Talent to Ohio
Olive, Columbus, Ohio
Finding, hiring, and training talent can be a challenge for
any company—but especially for a fast-growing, healthcare-
focused, artificial intelligence and process automation
company like Olive. Their CEO was keen on establishing and
growing Olive in Columbus, Ohio, because of the access to
top talent, the emerging startup ecosystem, and proximity to
world-class universities and Fortune 500 employers.
By 2020, rapid product demand drove the company to more
than double its existing headcount, specifically requiring
talent with skill sets that could handle Olive's unique
product offering. Simultaneously, Olive contemplated
shifting to remote operations in response to changes
in business culture, hastened by the rapidly spreading The JobsOhio TAS program became that partner. JobsOhio
coronavirus pandemic. TAS prepared a talent plan that consisted of marketing and
attraction, including elements such as creative development,
Olive realized that it needed help executing an aggressive job board campaigns, and digital advertising, as well as a
strategy to support the budget required to recruit, vet, customized training program. For Olive, this multi-faceted,
market, and fill the positions. That’s where JobsOhio Talent unique approach provided the support they needed to
Acquisition Services (TAS) came in. achieve their workforce goals, despite the pandemic.
“
Working Together to Identify and Overcome Talent Obstacles
TAS is a service-based incentive that leverages Ohio’s
economic development expertise to help a company find, The talent we require for our healthcare
hire, and train talent, executed in partnership with the solutions isn’t easy to find, but the TAS program
company. Through TAS, an expert workforce development has enabled us to keep up with our talent
team works with companies to identify a company’s talent demands, while saving our company time and
obstacles and build sustainable talent strategies in areas capital. We’ve been able to focus on our rapid
of awareness, engagement, selection, and training. TAS has expansion and trust that our marketing and
proven durability, helping companies reach their hiring goals recruiting needs are in capable hands with
despite the pandemic. JobsOhio. In the last seven months, we’ve more
than doubled our team. We’re incredibly happy
“We are a fast-moving, high-growth startup with a lot of with the results.”
competing priorities,” said Brian Rutkowski, chief talent
Brian Rutkowski
officer for Olive. “We needed a hands-on partner that could
Chief Talent Officer, Olive
operate as an extension of our talent attraction team.”
JobsOhio.com 29
Diversity and
Inclusion
For Ohio’s recovery to be sustainable, it must be inclusive of all Ohioans. This year,
we’ve focused on developing several programs that have helped us make Ohio a state
where anyone can thrive, particularly in our underserved and distressed communities.
Our Diversity and Inclusion Goals Pinal Patel, Vice President, Nexient,
Columbus, Ohio
Regina Miolan, CareSource, Dayton, Ohio Steven Hong, Ph.D., CEO, and Lang Hong,
President and CTO/Co-Founder, Oculii,
Beavercreek, Ohio
1 2
Increase investment and jobs in Grow small businesses
distressed geographies owned by underrepresented
populations
30 JobsOhio.com
Diverse & Inclusive Recovery for ALL Ohioans
NEW/CURRENT JOBSOHIO D&I PROGRAMS INVESTMENT IMPACT
JobsOhio Inclusion Grant
First 3 months: 87 companies in pipeline
Grants for small and medium-sized businesses in distressed $5M annually representing 483 jobs and $45M new investment
areas or owned by underrepresented population groups
Project Planning & Vibrant Communities Programs $6.4M annually Targeting 3-6 projects across state, 150+ new jobs,
Technical support and grants for transformational projects $12+M new investment in distressed communities
$32M/5 years
Supported bank loans for small and medium-sized
businesses in underrepresented geographies. Totaling
Community Bank Partnership up to $50M over $10M to more than 170 companies employing 2,200+
Ohioans
Ohio To Work Pilot launched in NE Ohio. Targets
Work with existing workforce development eco-system
up to $30M underrepresented populations, partners
partners, resources for technology, training, outreach include Urban League and Goodwill.
JOBSOHIO D&I PROGRAMS IN DEVELOPMENT INVESTMENT POTENTIAL IMPACT
London Stock Exchange Group $6.3M Access in underrepresented populations, Stark County
18 cohorts minority-owned business cohort underway; Youngstown,
ELITE Program
(~200 small and Cleveland & Appalachia cohort in development
Includes some targeted cohorts in distressed
areas and for underrepresented populations medium-sized
businesses)
Access in underrepresented geographies and affordable
Affordable Broadband Access up to $50M access for underrepresented populations
JobsOhio Bank Loan Guarantee
Loan guarantees for small businesses owned by
$10M annually
$30M/3 years
underrepresented populations
2020 Annual Report & Strategic Plan 31
JobsOhio Inclusion Grant
Small and medium-sized businesses owned by
underrepresented populations or located distressed
communities are a critical element to ensuring that all
Ohioans have the resources to grow and expand right here in
Starlink, SpaceX satellite
Ohio. These businesses create jobs and capital investment broadband service
in communities across the state. Their prosperity is vital
to Ohio’s economy, which is why we must make sure they Understanding the challenges and opportunities that are
have access to the resources that support their growth. before our state, the DeWine administration, JobsOhio,
The JobsOhio Inclusion Grant, started in July 2020, is BroadbandOhio, and the city of Marysville have partnered
dedicated specifically to helping these businesses. As of the on a broadband satellite pilot program through SpaceX
end of December 2020, 57 companies have executed their called Starlink.
agreement with JobsOhio.
The pilot, the largest of its kind in the Midwest for Starlink,
Those companies represent: will test the delivery of SpaceX’s Starlink space-based high-
• 319 new jobs with more than $12.3 million in new speed internet to 90 households and 10 small businesses
payroll —all of which are underserved with broadband—in the
• 902 retained jobs with $11.6 million in new payroll Allen Township area of Union County, outside of Marysville.
• More than $24.6 million in total investment The selection of Ohio by Starlink is yet more evidence that
industries are looking to Ohio as a practical, innovative state.
Additionally, 91% of these companies are located in
distressed areas of the state, 26% are minority-owned,
19% are women-owned, and 9% are veteran-owned. Partnership with ELITE
In October 2019, with support from Lt. Governor Husted,
Broadband JobsOhio, and the Greater Cleveland Partnership, The London
Stock Exchange Group's ELITE Programme announced its
Of the many lessons learned during the COVID-19 selection of Cleveland for its ELITE Americas Headquarters.
experience, one of the most prevalent is that access to Due to travel restrictions as a result of the COVID-19
broadband is absolutely essential. Even before COVID-19, pandemic, the opening of an office in Cleveland and the
it was evident that Ohio’s underrepresented communities ELITE Global Conference have been postponed until 2021.
needed broadband access to ensure equitable education, However, efforts to offer cohorts to small and medium-sized
economic opportunity, and access to advanced digital businesses across the state continue virtually, with cohorts
services, such as telehealth. announced in Cleveland and southeast Ohio in 2020.
ELITE works with each of the business owners to develop
clear, actionable plans around preparing for future growth,
developing world-class strategy and operational functions,
and accessing regional and global capital markets.
Historically, companies that have joined ELITE have
experienced seven times the growth and created four times
more jobs as their industry peers.
Lt. Governor Jon Husted and an Ohio delegation
open the London Stock Exchange
32
32 2020 Annual Report & Strategic Plan
JobsOhio Case Study: Adler Pelzer Group
Adler Pelzer Group, Grand Opening
Toledo, Ohio
Adler Pelzer Group Selects Ohio for
New Manufacturing Facility
Based out of Hagen, Germany, Adler Pelzer Group (APG)
is a worldwide leader in the design, engineering, and
manufacturing of acoustic and thermal components and
systems for the automotive sector. APG is represented in 21
countries and four regions with more than 70 locations and
11,000 employees worldwide.
With an entrepreneurial spirit, APG is always seeking
opportunities to expand their mission and improve
accessibility.
Improving Customer Reach
As a leader in the automotive industry, APG wanted to
establish a North American hub that would allow them to
reach more customers in the U.S. APG sought a location
that would enable them to quickly establish operations and
“
provide them with convenient access to reach customers in
both the northern and southern regions of the U.S.
Location is Key
We selected this location because the region
APG decided on a pre-existing facility in Oregon, Ohio, as
offered a site that was ready for our company
their newest North American site. It is located in Northwest
to start up immediately, and we definitely
Ohio, just outside of Toledo, and the new facility will offer
saw a favorable business environment. In our
convenient and cheap access to customers and suppliers.
business, geographical proximity to OEMs is
Ohio is a U.S. automotive powerhouse and offers APG one of
significantly important because we produce
the nation’s best logistics assets. The state is geographically
large components, meaning the cost of logistics
located within a one-day drive of more than 60% of the
is critical. We see this location as ideal for our
U.S. and Canadian populations. Moreover, the state is close
customers to the north and south.”
to other strong automotive markets, including those in
Michigan, Tennessee, and Indiana. Because of this, APG
Alberto Buniato
will be able to serve more customers in the U.S. using its President of North American BU, APG
newest facility in Ohio.
APG has committed to create 80 jobs and invest $10 million
in the project.
JobsOhio.com 33
About
JobsOhio
JobsOhio has a unique business model. Unlike other state economic development organizations,
JobsOhio is a nonprofit company that has a private funding stream and an independent board of
directors. This structure is designed for continuity and long-term stability.
JobsOhio office
Columbus, Ohio
Unique Model Customer Focus
In 2013, JobsOhio acquired Ohio's liquor enterprise to fund At JobsOhio, the relationship comes first. JobsOhio focuses
economic development activities. Private funding gives on companies, building trust with them and cultivating
JobsOhio a competitive advantage because it enables us to long-term relationships by providing outstanding service.
make long-term commitments. This flexibility also allows A network of six regional partners and local economic
JobsOhio to respond quickly to the needs of businesses and development organizations across the state collaborate with
communities, providing customized solutions. As a business, JobsOhio to ensure that companies' needs are met at every
JobsOhio focuses on strategic investments to ensure that level. As a nonprofit company, JobsOhio can respond more
every project provides a direct benefit to the state. We invest quickly to trends in business and industry. Implementing
funds in projects that will have a positive impact on Ohio, programs and services that meet specific needs. Including
promising long-term, in-state growth and good-paying jobs efforts like the JobsOhio Inclusion Grant. Investments in
for Ohioans. innovation districts that lay the groundwork for the jobs and
businesses of the future. Find Your Ohio to attract in-demand
talent to Ohio, and Ohio To Work to help displaced Ohio
Expert Leadership workers find their next career in partnership with workforce
partners across the state.
The management team at JobsOhio includes experts
in Ohio's key industries. Guided by their many years of
experience, these leaders connect companies with resources,
organizations, academia, and partners.
JobsOhio was created with businesses in mind. Its resources
and its independent operations give it the ability to meet
business needs. Dedicated to driving economic investment in
Ohio with strong capabilities, JobsOhio serves companies at
every stage of the business process.
34 2020 Annual Report & Strategic Plan
Board of
Directors
Led by the board of directors, the JobsOhio team
William G. Batchelder is dedicated to the success of Ohio and the
Emeritus
companies that invest in the state.
Chairman Emeritus of The Batchelder Company
Former Speaker of the Ohio House
Robert C. Smith Dr. Jerry Sue Thornton Richard J. Platt
Board Chairman, Executive Committee Chair Audit Committee Chair, Audit Committee, Compensation
Compensation & Workforce Committee & Workforce Committee
Partner and Cleveland Market Leader
Cerity Partners LLC CEO President and CEO
DreamCatcher Educational Heath-Newark-Licking County
Consulting Service Port Authority
Paul M. Kalmbach General Lester L. Lyles Thomas L. Williams
Audit Committee, Investment Committee Compensation & Workforce Executive Committee,
Committee Chair, Investment Committee Investment Committee
CEO and Owner
Kalmbach Feeds, Inc. United States Air Force (Retired) President and CEO
North American Properties
J.P. Nauseef Scott A. Sullivan John J. Bishop
Executive Committee Audit Committee, Compensation Investment Committee Chair,
& Workforce Committee Executive Committee
President and Chief Executive Officer
JobsOhio President and CEO of SelectTech Encova Insurance, Board of Directors
Services Corporation
JobsOhio.com 35
Financials
Statement of Net Position (Unaudited)
December 31, 2020 and 2019 (in thousands)
ASSETS DEC 31, 2020 DEC 31, 2019
Current Assets:
Cash and cash equivalents - unrestricted - JobsOhio Beverage System (JOBS) $ 29,509 $ 46,696
Cash and cash equivalents - unrestricted - JobsOhio 83,154 78,635
Cash and cash equivalents - restricted - JOBS 196,762 163,360
Investments at fair value - JobsOhio 716,806 764,304
Inventory - JOBS 87,913 87,066
Loans - current portion - JobsOhio 9,709 8,096
Accounts receivable - JOBS 1,836 1,566
Accounts receivable - JobsOhio 13,609 2,257
Prepaid expenses - JOBS 1,361 1,277
Prepaid expenses - JobsOhio 3,728 1,347
Total current assets 1,144,387 1,154,604
Long-term assets:
Accounts receivable - long-term - JOBS 58,293 -
Loans, net of loss allowance - JobsOhio 128,701 81,655
Other long-term investments - JobsOhio 7,489 -
Capital assets, net of accumulated depreciation - JOBS 4,130 1,158
Capital assets, net of accumulated depreciation - JobsOhio 1,993 799
Intangible asset - liquor franchise, net of amortization - JOBS 942,948 998,145
Intangible asset - trademark, net of amortization - JOBS 5 -
Intangible asset - trademark, net of amortization - JobsOhio 10 -
Total long-term assets 1,143,569 1,081,757
Total Assets $ 2,287,956 $ 2,236,361
DEFERRED OUTFLOW OF RESOURCES
Deferred outflow on bond defeasance - JOBS $ 23,264 -
Total deferred outflow of resources 23,264 -
LIABILITIES
Current Liabilities:
Accounts payable - JOBS $ 16,690 $ 24,222
Accounts payable - JobsOhio 3,863 2,209
Accrued liabilities - JOBS 103,376 62,721
Accrued liabilities - JobsOhio 179,885 134,285
Special obligation bonds payable - current portion - JOBS 51,880 46,720
Bond interest payable - JOBS 23,751 27,947
Community bank loan guarantee - current portion - JobsOhio 487 -
Capital lease payable - current portion - JobsOhio 23 24
Total current liabilities 379,955 298,128
Long-term liabilities:
Special obligation bonds payable - JOBS 1,252,864 1,283,115
Community bank loan guarantee - JobsOhio 487 -
Capital lease payable - JobsOhio 59 76
Total long-term liabilities 1,253,410 1,283,191
Total Liabilities $ 1,633,365 $ 1,581,319
NET POSITION
Net investment in capital assets - JOBS $ 4,130 $ 1,158
Net investment in capital assets - JobsOhio 1,993 799
Unrestricted - JOBS (106,670) (146,615)
Unrestricted - JobsOhio 778,402 799,700
Total net position $ 677,855 $ 655,042
These statements provide the combined financial information of JobsOhio and JobsOhio Beverage System (JOBS) as of December 31, 2020 and 2019. Current assets include
more than $196 million of restricted cash that is to be used solely for the operation of JOBS’ liquor enterprise. JobsOhio has outstanding non-executed commitments of
loans and grant totaling $262 million to companies for the purpose of job creation and retention; these commitments are not reflected in JobsOhio’s statements of net
position. Please visit JobsOhio.com for more information on JobsOhio’s and JOBS financial statements.
36 JobsOhio.com
Statement of Revenues, Expenses, and
Changes in Net Position (Unaudited)
December 31, 2020 and 2019 (in thousands)
OPERATING REVENUES Twelve months ended Twelve months ended
DEC 31, 2020 DEC 31, 2019
JOBS:
Retail net liquor sales $ 1,341,587 $ 977,689
Wholesale net liquor sales 232,529 349,200
Less: wholesale rebates (4,425) -
Distribution center revenue 8,541 7,400
JobsOhio:
Interest income - loans 3,074 2,698
Fees and other 331 378
Total operating revenues $ 1,581,637 $ 1,337,365
OPERATING EXPENSES DEC 31, 2020 DEC 31, 2019
JOBS:
Cost of goods sold $ 923,913 $ 784,775
Sales commissions 105,073 74,930
Liquor gallonage taxes 56,473 51,322
Amortization of intangible asset - liquor franchise 55,197 55,197
Service fees 16,187 16,856
Supplemental Payment 90,685 61,319
Other 13,081 11,588
JobsOhio:
Economic development programs 224,275 139,464
Salaries and benefits 17,304 13,737
Professional services 13,690 5,819
Administrative and support 6,141 4,717
Marketing 12,927 11,239
Total operating expenses 1,534,946 1,230,963
Operating income $ 46,691 $ 106,402
NONOPERATING REVENUES (EXPENSES) DEC 31, 2020 DEC 31, 2019
Bond interest, net - JOBS $ (44,735) $ (53,182)
Investment income - JobsOhio 22,155 23,276
Other, net - JOBS (1,298) 5,308
Total nonoperating revenues (expenses) (23,878) (24,598)
Change in net position 22,813 81,804
Net position, beginning of period $ 655,042 $ 573,238
Net position, end of period $ 677,855 $ 655,042
JobsOhio JobsOhio Beverage System
JobsOhio is a 501(c)(4) private nonprofit corporation and the sole On Feb. 1, 2013, JOBS purchased from the state an exclusive franchise for the sale
member of JobsOhio Beverage System (JOBS), a 501(c)(3) private of spirituous liquor throughout Ohio. In addition to the initial cash payment, JOBS
nonprofit corporation. The primary source of funding for JobsOhio committed to make supplemental payments to the state as further consideration for
is grants from JOBS. These grants enable JobsOhio to fulfill its this acquisition based on the performance of the liquor enterprise. JOBS operates the
economic development purpose by promoting job creation and enterprise in part through a contract with Ohio Department of Commerce and its Division
new capital investment in Ohio through business attraction, of Liquor Control. JOBS grants the net profits of the liquor enterprise to JobsOhio. Please
retention and expansion activities. visit JobsOhio.com for more information on JobsOhio’s and JOBS financial statements.
2020 Annual Report & Strategic Plan 37
While the world may have been knocked down in 2020, Ohio will be a leader
as we get back up.
It is what we always do. Ohio is positioned to lead the nation in recovery and to be a strategic partner for PPE
development, and JobsOhio was created for times like these. While many states are revisiting their economic
development activity in light of budget constraints as a result of the pandemic, we at JobsOhio recognize
those leaders that supported the development of a private, nonprofit organization with a dedicated funding
stream. JobsOhio is in place to help chart the path forward in Ohio’s recovery. And, as we celebrate our 10-
year anniversary in July 2021, we honor the qualities of strength and resilience that make our state unique—
and now, perhaps more than ever before, we look to the future with hope.
We are here to help
Contact us at 1.855.874.2530
or visit JobsOhio.com for more information.
JobsOhio is a private nonprofit corporation designed to drive job creation and economic
©2021 JobsOhio. All rights reserved.
development efforts in Ohio. Metrics in this report reflect job and capital investment
commitment by companies. Data subject to adjustments based on final commitments.
2020 Annual Report & Strategic Plan 38
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