When businesses grow, our communities prosper. We support the long-term economic health of the communities we serve through development initiatives that create jobs, support local suppliers and attract new businesses throughout our service area. Over the past decade, our economic development efforts have helped attract more than $26 billion in capital investment and create more than 82,000 jobs in our service territory.
Our strategy is built on developing and maintaining relationships with economic development partners at state, regional, national and international levels. Coupled with our economic development expertise, these relationships help us to retain and attract businesses to our service territory, encourage investment in the areas we serve and provide value-added services and support to help our communities thrive.
Our economic development services include providing key economic indicator data to our regional partners and conducting local demographic research and economic impact studies. We also offer relocation services to companies considering moving to our region, promote urban downtown revitalizations and workforce development, and sponsor community readiness programs.
Beyond business attraction and retention, we want to help strengthen the entire economic base of our service area. That’s why we are involved in community-based projects including a study encouraging downtown housing in Warren, Ohio; the Cleveland Innovation Strategy; and Team NEO’s Energy Storage Cluster and Tech Belt Energy Innovation Center.
In 2018, our economic development efforts generated nearly $4 billion in new capital investment and created more than 10,000 new jobs in our service territory.
FirstEnergy and its employees are active in a variety of industry and professional organizations, as well as chambers of commerce and economic development groups. These memberships strengthen the social and economic fabric of our communities and advance the personal and professional development of our employees.