Annual Report 2023: Innovation
When Ohio innovates, we move forward together. JobsOhio seeks to build on the state’s long history of innovation through economic development initiatives and proven strategies that make Ohio a more desirable place to work and do business. By leveraging the state’s best assets — from quality of life to favorable operating costs — JobsOhio works with university, public, and private partners to attract talent and companies that are truly changing the world across key industries such as healthcare, life sciences, and technology.
Innovation Districts
2023 RESULTS
- Anchor Institutions met the stated requirements in their respective Innovation District agreements
- Advanced potential financing options for real estate in Cincinnati and Columbus Innovation Districts
2024 GOALS
- Ensure Anchor Institutions meet the stated requirements in their respective Innovation District agreements
- Execute Columbus and Cincinnati real estate finance transactions
Growth Capital
2023 RESULTS
- 33 new and follow-on transactions completed and no exits
- Portfolio: Up to 77 companies since inception
2024 GOALS
- Continue benchmarking against industry-standard metrics (return performance, expenses)
- Invest $50 million in best new opportunities within thesis and follow-on rounds in current
portfolio companies
“Since its inception in 2020, the JobsOhio Growth Capital (JOGC) Fund has invested with more than 100 institutional and corporate venture funds from outside of Ohio – with the largest backing coming from Massachusetts, New York, and nearly one-third from California. The $534 million of these funds invested alongside JobsOhio’s $127 million attracts 5-to-1 leverage, with a heavy concentration in the highly strategic and rapidly growing medical device space, making JOGC the No. 2 medical technology investor nationwide.”
– J.P. NAUSEEF –
JobsOhio President and CEO