jobs and investment

Tiffin-Seneca Economic Partnership releases Jobs & Investment Report

Results from the first such business survey show recovery, growth plans

TIFFIN, OHIO – May 5, 2021 – Tiffin-Seneca Economic Partnership (TSEP) announced today that it is releasing its first Jobs & Investment Report. The report summarizes the results of their Jobs & Investment Survey launched in January 2021 and promoted in partnership with the Seneca Regional Chamber of Commerce and Visitor Services. Twenty-five businesses employing more than 2,700 workers participated. The full report can be viewed at tiffinseneca.org (or by clicking here).

Key takeaways from the survey included:

  • There was good representation from rural Seneca County (proportionally speaking), with 40 percent having a location in the villages and townships.
  • Participating businesses (as a whole) reduced their workforce by 8.4 percent due to the COVID-19 pandemic. They hired more than half of the jobs lost back by the beginning of 2021. It also indicates businesses have not (as a whole) recovered to where they were at the beginning of 2020.
  • More than ¾ of the businesses are planning to hire (76 percent) and/or train their workers (84 percent) meaning workforce development continues to be a priority.
  • Investment plans for 2021 ($66 million) are in line with a robust 2020 ($70 million).
  • Two-thirds of the businesses are thinking about making changes to their space/facility (64 percent).

Tiffin Mayor Aaron Montz was pleased with the results: “This is further evidence that our businesses are in a strong recovery and that they are continuing to plan to invest and hire. We applaud their grit and growth and want to do everything we can to support them.”

Seneca County Commissioner Mike Kerschner concurred, “I’m pleased that all businesses throughout Seneca County are continuing to rebound from a difficult 2020 and that they plan to grow. We will continue to make smart investments to promote jobs and positive development for our residents.”

About the Tiffin-Seneca Economic Partnership

Started in 1983 as the Seneca Industrial and Economic Development Corp. (SIEDC), the Tiffin-Seneca Economic Partnership is a private, non-profit corporation dedicated to driving positive economic, downtown, and community development in Tiffin and Seneca County, Ohio. Tiffin and Seneca County consistently rank in the top two percent of communities nationally for economic development and has one of the most recognized and award-winning downtown Main Street programs in Ohio. Learn more about the great things going on in Tiffin and Seneca County at www.tiffinseneca.org.

Regional Growth Partnership shares investment, job numbers for region

RGP-Annual-Report-2015-Final_Page_01The Regional Growth Partnership (RGP) recently released their annual report for 2016, showing significant growth in both jobs and investment in Northwest Ohio. The report described nearly $2 billion in capital investment with more than 4,300 new jobs created and 17,000+ retained.

RGP serves as the lead economic development organization in Northwest Ohio with a primary focus of attracting new jobs and capital investment to this region. With that, the RGP, in collaboration with its partners across Northwest Ohio, established record highs for the region in terms of jobs and investment last year.

 

Advanced Manufacturing generated more than 1,800 new jobs with $279 million of capital investment for the region in 2015. Major projects included First Solar (259 new jobs) and 20/20 Custom Molded plastics ($17 million investment).

The Energy industry is also growing rapidly with more than $940 million in capital investments last year. Renewable energy is a driving force in investment; the city of Clyde broke ground on a $5 million solar field and Whirlpool in Findlay broke ground on an $18 million wind farm.

Business is also booming on the international front. Northwest Ohio is currently home to 160 foreign-owned companies, employing more than 30,000 people. Foreign businesses invested $160 million in Northwest Ohio, creating 700 new jobs. Last year, RGP visited with consultants and companies in Germany, Japan, China, Canada. They also made two domestic trips with an international focus and assisted 40 regional companies with export efforts.

These are just a few highlights of the RGP report. View the full report here.