Job Creation and Retention

- Our businesses are growing and profitable
Strategic Priorities
  • 2.1 Support efforts to increase the number of quality jobs , at all skill levels, created in our county
    - Our businesses are growing and profitable
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
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Cuyahoga County Jobs Projected to Be Created or Retained (By Quarter)

Long description.

Bar chart shows permanent and construction jobs created and retained through direct county lending in Cuyahoga County by quarter. See Data Table for details

Structure.

Chart type: column chart.
The chart has 1 X axis displaying categories.
The chart has 1 Y axis displaying values.

Chart graphic.

Cuyahoga County Jobs Projected to Be Created or Retained (By Quarter)Created with Highcharts 5.0.12Cuyahoga County Jobs Projected to Be Created or Retained (By Quarter)00797910101010001010654654007171182182154154133133Direct Loan PermanentDirect Loan ConstructionPartner LoansChart context menuQ2-18Q3-18Q4-18Q1-19
Jobs Projected to Be Created or Retained - Historical Performance
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Cuyahoga County Jobs Projected to Be Created or Retained (By Year)

Long description.

Bar chart shows permanent and construction jobs created and retained through investment by Cuyahoga County by calendar year. See Data Table for details

Structure.

Chart type: column chart.
The chart has 1 X axis displaying categories.
The chart has 1 Y axis displaying values.

Chart graphic.

Cuyahoga County Jobs Projected to Be Created or Retained (By Year)Created with Highcharts 5.0.12Cuyahoga County Jobs Projected to Be Created or Retained (By Year)1,7001,7001,1191,1192242244774777437431,1371,1372012015595595155153,0003,000Direct Loan Permanent HistoricDirect Loan Construction HistoricPartner Loans HistoricInfrastructure LeverageChart context menu201620172018
Measure Data
Period 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 Not Defined 1,700 1,700 477 477 201 201
2017 Not Defined 1,119 1,119 743 743 559 559
Q1-18 Not Defined 135 135 473 473 108 108
Q2-18 Not Defined 0 135 0 473 71 179
Q3-18 Not Defined 79 214 10 483 182 361
Q4-18 In Progress 10 486 224 654 1,137 154 515 3,000
Q1-19 In Progress 10 10 0 0 133 133 0
Q2-19 Not Defined 10 0 133
Q3-19 Not Defined 10 0 133
Q4-19 Not Defined 10 0 133