One Team + One Mission
Team NEO advances Northeast Ohio's economy by:
- Marketing the region's many assets
- Attracting new businesses from around the world
- Building collaboration among the 18-county region’s economic development organizations
- Linking the region to the state’s JobsOhio program
Since 2007, the organization has attracted 67 new company operations, almost 5,900 new jobs and $243 million in annual payroll to Northeast Ohio, leading to a total annual regional payroll benefit of more than $575 million.
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.