One Team + One Mission
About Team NEO
Team NEO is a nonprofit business attraction and growth organization that markets Northeast Ohio to the world, attracts new businesses and helps those that are here grow. We are the Northeast Ohio regional partner for JobsOhio, a private, nonprofit corporation that drives economic development and job creation for the state. We also work closely with economic development organizations across our 18 counties.
Since 2007, we have attracted 72 new company operations, more than 6,200 new jobs and $266 million in annual payroll to Northeast Ohio. Since becoming a JobsOhio regional partner in 2011, we also have helped 162 companies within Northeast Ohio create or retain almost 45,000 jobs and add more than $3 billion in capital investment.
For each dollar invested in Team NEO operations, the total regional payroll benefit represents a 20-to-1 annual ROI. Team NEO's major chamber of commerce investors and funding partners include:
Established in 2003, Team Northeast Ohio (NEO) was founded by FirstEnergy Corporation, the Greater Akron Chamber, the Stark Development Board, the Lorain County Chamber of Commerce, the Youngstown-Warren Regional Chamber, and the Greater Cleveland Partnership to align the region’s economic development efforts.
In 2007, Team NEO focused its mission on business attraction, realizing that with Northeast Ohio’s tremendous assets and communities, marketing the collective region would exponentially increase business opportunities. In 2011, the state of Ohio selected Team NEO as the JobsOhio network partner for Northeast Ohio.
Today, in addition to marketing the region and attracting new businesses, Team NEO focuses on facilitating the development of a regional strategy, increasing collaboration among the region's key economic development groups and assisting companies that are seeking support from JobsOhio for growth and job creation.