Driving job creation that generates sustained growth
Years of research support the position that not all new jobs drive long-term, sustainable economic growth. For Northeast Ohio, growth can best be achieved through the traded sector (companies that trade with people and businesses outside the region) and young firms (those less than five years old).
While investments in areas such as bioscience have reaped benefits for Northeast Ohio, our region continues to lag behind the national average in economic growth. Our job creation strategy focuses on supporting innovation and understanding what’s next for growth.
We must work toward shared understanding about what innovation truly means, how Northeast Ohio is positioned to leverage it and where we should invest our collective resources. In 2019-2021, we are supporting efforts to convene leadership, funding and advocacy to drive meaningful innovation. These efforts will identify systems contributing to racial exclusion in the innovation economy and define action strategies for combating them.
“... the region should focus its collective economic development energy on driving the kind of growth needed to achieve a continuously regenerating economy...”
- The Two Tomorrows
Key Job Creation Partners
Job Creation Research
In 2017, we set out to better understand whether the jobs, payroll and capital gains of our job creation grantees advance Growth & Opportunity.