In 2017, our job creation grantee partners drove the following outcomes:
- 9,500 jobs
- $451 million of payroll
- $2.5 billion of capital
The jobs created continue to be high-paying jobs; the average annual salary per job created by our partners was roughly $58,000, compared with a regional average of just under $50,000.
Since our founding in 2004, our Fund's efforts have helped retain or create 33,900 jobs, add $1.5 billion in payroll, and attract $8.4 billion in capital to Northeast Ohio.
In 2017, our Fund focused on better understanding whether the historic jobs, payroll and capital gains of our job creation grantee partners advance Growth & Opportunity, and whether and where to consider strategic shifts. The impetus of the assessment stemmed from our longstanding commitment to racial and economic inclusion. Historically, it's been difficult to accurately and appropriately reflect progress on this commitment, for a variety of reasons. Armed with new information, we now have years of job creation data and a spatial frame through which to analyze results. This has served as the foundation of a Job Creation Growth & Opportunity Impact Assessment.
Through the Impact Assessment, we reviewed collective performance and grantee-by-grantee results, and considered ways to more robustly ensure our job creation grantees support both the "Growth" and "Opportunity" elements of our agenda going forward. For more details, click here.