TEAM NEO | CREATING NEW
FOR NORTHEAST OHIO
OPPORTUNITIES | CAPABILITIES | RESULTS
ONE COllABORATivE TEAm
TEAm NEO ATTRACTS BuSiNESSES wORldwidE TO ThE
16 -COuNTy ClEvElANd PluS REgiON
ThE PluS REgiON
NEw JOBS NOw.
Working to diversify the economic landscape
of Northeast Ohio, Team NEO assists
companies in biomedical, advanced energy,
manufacturing and other industries to expand
and invest in the cleveland Plus region. This
creates long-term vibrancy for companies,
residents and the region.
We do this by:
generating high-quality, targeted
business attraction opportunities
successfully managing leads with
state and local partners
Promoting regional teamwork
BROAd SCAlE SERviCES Add vAluE
FOR busINEssEs lOOkINg TO ExPANd
OR RElOcATE INTO NORThEAsT OhIO,
TEAM NEO PROvIdEs AccEss TO succEss.
WE OFFER: OuR sERvIcEs INcludE:
Team NEO takes a private sector approach to the TAxEs, INcENTIvEs & FINANcINg
location selection process. We understand and respect sITE sEARch
the need to remain confidential.
TAlENT ANd dEMOgRAPhIcs
Team NEO helps companies answer the critical questions OuR OPERATINg PRINcIPAls:
associated with why they should establish an operation We advocate on behalf of the full region
in our region versus another. location decisions are and all of our assets
fact-based and the location selected is intended to drive
We deliver confidential and no-fee
revenue, mitigate risk and improve shareholder return.
representation to our clients
To this end, Team NEO employs a full-service Phd-led
econometric research staff that provides business insights that Every regional partner is given an equal
aid the selection process. We also employ and partner with opportunity for each lead inquiry
industry and business location experts to ensure ease
We operate in an open and transparent
of doing business in the entire Plus region.
manner with our regional partners
We serve as a neutral 3rd party throughout
As a collaboration of the region’s economic development
discussions between our clients and our
organizations, we harness the combined strengths
partners and their communities
of the major city chambers and bring together
the groups that will help clients succeed.
Northeast Ohio provides unparalleled access to top business
and civic leadership for companies seeking partnerships. Team
NEO has the connections to bring the appropriate state,
local and private sector resources into the relocation process.
We help expedite the process by making necessary
local connections for the clients we serve.
mANy PARTNERS. SigNiFiCANT imPACT.
Team NEO is a joint venture of metro chambers of commerce and is privately funded by the business
and philanthropic community. based on historical results, Team NEO’s average annual regional
economic impact is more than $85 million, a 28:1 ROI on each dollar invested.
REsulTs sINcE 2007*
34 NEw COmPANy ExPANSiONS
milliON iN NEw PAyROll
3,200 NEw JOBS
260 milliON TOTAl ANNuAl
REgiONAl PAyROll BENEFiT
iT All AddS uP
*as of printing date June 2010
wORkiNg TOgEThER TO ACCElERATE NORThEAST OhiO’S ECONOmiC gROwTh:
capital for Emerging launch Entrepreneurs and Retain/grow largest Incubate
bioMed Industry Their high-growth companies Industry (Manufacturing) high-Tech clusters
ChAmBERS Of COmmERCE,
Attract New businesses One Regional brand: created by gcP, Expand/Retain Fostering Economic
Positively cleveland cvb, Team NEO businesses & Advocacy development state Wide
“AFFymETRix iS ON bEcAusE TEAM NEO
ATTRAcTs NEW cOMPANIEs,
lIkE AFFyMETRIx FROM
ThE CuTTiNg EdgE cAlIFORNIA, PEOPlE lIkE
ERRIN ARE WORkINg IN
OF SCiENCE. i TRuly such As bIOMEdIcAl,
BEliEvE wE CAN ANd AEROsPAcE ThAT
REAlly CuRE CANCER.” busINEss FORWARd.
errin, affymetrix Visit clevelandplusbusiness.com
Company attraCted in 2008
3,200 JOBS hAvE BEEN CREATEd
SiNCE 2007 BECAuSE OF OuTBOuNd
SAlES ANd mARkETiNg EFFORTS.
TEAM NEO IMPlEMENTs
NuMEROus TAcTIcs TO
WITh sITE cONsulTANTs ANd
Prospect at key industry conferences
conduct sales missions to
major cities for face-to-face meetings
host “familiarization” tours to
showcase regional assets
Targeted marketing in
core industry sectors
NEW OPPORTuNITIEs ANNuAlly
FROM ThROughOuT ThE
cANAdA NEW yORk
Jim, Steel WarehouSe
INdIA uNITEd kINdgOM
Company attraCted in 2009
wiNS By iNduSTRy
Others such as Food Processing
headquarters, bioscience and
Advanced Energy, bioproducts
COmPANiES Advanced Manufacturing
FROm Polymers and
divERSE Advanced Materials
expanded to lorain County in 2007
SAmPlE CASE STudiES
barbasol llc, a subsidiary of Perio Inc., steel Warehouse, an Indiana-based specialized Pcc Airfoils, llc of Mentor expanded its
manufactures a variety of products in the steel processor, established a manufacturing Northeast Ohio operations in 2007 and
shaving cream industry and chose Ashland, facility in the fall of 2009 in cleveland to support located a new facility on 9.84 acres in
Ohio, for its newest facility. barbasol broke its growing Ohio and east coast markets. Painesville’s Renaissance business Park,
ground in the summer of 2009 on a spending $16.3 million for a new manufacturing creating up to 150 well-paying manufacturing
78,000-square-foot manufacturing facility facility, the firm expects to have at least 30 jobs for the Northeast Ohio economy.
in Ashland. Northeast Ohio was selected employees by 2012.
Pcc Airfoils considered locations in georgia
because of its proximity to the company’s
steel Warehouse chose cleveland after a careful and Oregon for the expansion but credited
dublin, Ohio offices, the local government’s
review of other areas, including Pennsylvania aggressive efforts by governmental, business
willingness to partner with the company,
and Indiana. The company chose Northeast and economic development organizations to
and the enthusiastic spirit with which the
Ohio because of the region’s strategic position land the $32.5 million expansion. In addition,
Ashland community responded to Perio.
geographically and its expertise in the the region’s low electric rates offered through
barbasol has committed to 30 jobs over metalworking industry. the city of Painesville, availability of work force,
the first three years with a payroll of reasonable land costs and economic incentives
approximately $780,000. The company offered through OdOd contributed to the
is investing $7.25 million in the building, company’s decision.
machinery and equipment.
sP data llc, a global provider of QEd is an emerging growth medical In 2008, this california-based global
contact centre services, made Northeast equipment manufacturer with significant biotech firm acquired usb, then relocated
Ohio its u.s. headquarters in 2008. customer relationships. In 2007, the Reagent manufacturing to Northeast Ohio,
The company supports Fortune 500 company chose Mayfield village to bringing 61 new jobs and $3 million in
companies and provides sales and expand their operations and partner new, annual payroll to the region.
technical support services to its clients. with a major multinational corporation
The cleveland location was chosen over
sP data intends to employ 400 people new to the region. Northeast Ohio’s
two california sites due to the city’s
by 2013, including managerial, technology strong biomedical customer base,
innovative research environment, state and
and contact center associates. After supply chain and development expertise
local incentives, and the support of regional
considering many regions for their enticed the company. They have added
economic development organizations.
expansion, sP data chose Ohio in large 50-60 high-paying jobs.
part because of the quality and availability
of the workforce and the proximity to its
other North American locations.
AddiTiONAl NEw COmPANiES
SHRED. SCREEN. GRIND.
CLOvERvALE fARmS JOhN mAINEELy CO. IPCS mAT hOLdINGS AIm PhARmAkON
QUAdAx NI mEdICAL mEdLINE
Team NEO’s average annual regional economic impact
is more than $85 million, a 28:1 ROI on each dollar invested.
Imagine how much more impact we could have with your help!
Support Sponsor of companies
Team NEO and Team NEO looking
Cleveland Plus regional events to expand into
AddITIONAl FuNdINg PARTNERs INcludE:
FOUNDATION 737 Bolivar Road, Suite 2000, Cleveland, Ohio 44115
For more information contact our marketing department
888.NEO.1411 • clevelandplusbusiness.com