| Job Creation and Retention- Our businesses are growing and profitable |
Strategic Priorities |
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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 measure 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 Cuyahoga County Council or the 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 a 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 addition to the few projects approved for funding in the 1st and 2nd quarters of 2019, the Department of Development has a “pipeline” of pending loans, most if not all of which will be ready for funding approval by the end of calendar year 2019. These pending loans are estimated to fund projects that will directly create at least 718 new jobs, with additional jobs due to construction, indirect (supply chain) expansion, and induced (goods and services) growth.
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 | | Status | Direct Loan Permanent | Direct Loan Permanent Historic | Partner Loans | Partner Loans Historic | Target Total Permanent | Direct Loan Construction | Direct Loan Construction Historic | Infrastructure Leverage |
|---|---|---|---|---|---|---|---|---|---|---|
| 2016 | | In Progress | 1,700 | 1,700 | 201 | 201 | 477 | 477 | ||
| 2017 | | In Progress | 1,119 | 1,119 | 559 | 559 | 743 | 743 | ||
| Q1-18 | | In Progress | 135 | 135 | 108 | 108 | 473 | 473 | ||
| Q2-18 | | In Progress | 0 | 135 | 71 | 179 | 0 | 473 | ||
| Q3-18 | | In Progress | 79 | 214 | 182 | 361 | 10 | 483 | ||
| Q4-18 | | In Progress | 10 | 224 | 154 | 515 | 486 | 654 | 1,137 | 3,000 |
| Q1-19 | | In Progress | 10 | 10 | 133 | 133 | 0 | 0 | 0 | |
| Q2-19 | | In Progress | 8 | 18 | 25 | 158 | 7 | 7 | 0 | |
| Q3-19 | | Not Defined | 18 | 158 | 7 | |||||
| Q4-19 | | Not Defined | 18 | 158 | 7 |