Corporate Investments Continue to Pour into Ohio
July 18, 2022
This report is a summary of third-party economic research and perspectives to foster communication with business and economic development stakeholders.
Key Economic Insights
- U.S.: 390,000 jobs were added in May; U.S. unemployment rate remained at 3.6%.
- Ohio: Ford announced plans to invest $1.5B and create 1,800 new jobs in Avon Lake to assemble an all-new electric commercial vehicle for Ford Pro customers (debuting mid-decade), along with an additional 90 jobs and $100M investment between Lima Engine and Sharonville Transmission plants.