Many economic developers describe the art of attracting large domestic and foreign companies as “buffalo hunting.” Some praise the practice saying that bagging the big, migratory beast fills a lot of stewpots and benefits the whole tribe. Others criticize economic development as being too focused on buffalo, rather than on local firms – the rabbits, squirrels and deer that fill most of our stewpots every day.
Since starting in 2012, APEG has focused mostly on local game. We know that 80-90 percent of new jobs come from growing companies already present in our economy. We have made thousands of calls on local companies, looking for ways to help them grow and succeed here in Appalachian Ohio. Our retention and expansion efforts have resulted in most of the 5500 plus new jobs we have helped grow in the region.
Mike Jacoby describes (below) how APEG is launching new efforts to attract companies to…read more