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Job Creation and Retention- Our businesses are growing and profitable |
Strategic Priorities |
About this measure |
This measures shows the jobs projected to be created and retained through investment by Cuyahoga County. The Cuyahoga County Department of Development reports jobs projected to be created and retained through direct lending for the quarter in which the Cuyahoga County Council or Board of Control authorizes a loan. Jobs projected to be created and retained through partner loans are reported for the quarter in which the partner closes each loan.
Why is this important? |
Jobs projected to be created and retained is a measure of how efficiently Cuyahoga County is investing its limited funds in loans to private business. While job creation and job retention are not the only goals of Cuyahoga County’s economic development lending, they are indicators of the amount of impact this lending has on the regional economy.
How are we making an impact? |
Creating and retaining jobs not only provides income directly to the employees holding the created and retained jobs, but also has an impact on the regional economy as the employees spend their earnings and pay taxes. Cuyahoga County will continue to use jobs projected to be created and retained as a measure of the effectiveness of its lending programs. In 2018, Cuyahoga County made three large loans to mixed-use construction projects. These project leveraged substantial capital investment, improved existing properties, and will bring increased tax revenues when complete. By nature, mixed-use construction projects that produce residential apartment units create more construction jobs than permanent jobs. Additionally, a total investment of $3.7 million in infrastructure improvements associated with the Euclid and North Randall Amazon Distribution Centers leveraged a projected 3,000 new jobs in 2018.
Reporting Agency |
Cuyahoga County Department of Development
Jobs Projected to be Created or Retained - Current Performance |
Jobs Projected to Be Created or Retained - Historical Performance |
Measure Data |
| Period |
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Status | Direct Loan Permanent | Target Permanent | Direct Loan Permanent Historic | Direct Loan Construction | Direct Loan Construction Historic | Partner Loans | Partner Loans Historic | Infrastructure Leverage |
|---|---|---|---|---|---|---|---|---|---|---|
| 2016 |
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Not Defined | 1,700 | 1,700 | 477 | 477 | 201 | 201 | ||
| 2017 |
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Not Defined | 1,119 | 1,119 | 743 | 743 | 559 | 559 | ||
| Q1-18 |
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Not Defined | 135 | 135 | 473 | 473 | 108 | 108 | ||
| Q2-18 |
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Not Defined | 0 | 135 | 0 | 473 | 71 | 179 | ||
| Q3-18 |
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Not Defined | 79 | 214 | 10 | 483 | 182 | 361 | ||
| Q4-18 |
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In Progress | 10 | 486 | 224 | 654 | 1,137 | 154 | 515 | 3,000 |
| Q1-19 |
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In Progress | 10 | 10 | 0 | 0 | 133 | 133 | 0 | |
| Q2-19 |
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Not Defined | 10 | 0 | 133 | |||||
| Q3-19 |
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Not Defined | 10 | 0 | 133 | |||||
| Q4-19 |
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Not Defined | 10 | 0 | 133 |