The Fund for Our Economic Future

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The Fund for Our Economic Future is a consortium of more than 40 philanthropic organizations, corporations and individuals that have pooled their resources to strengthen the economic competitiveness of Northeast Ohio through grant making, research and civic engagement.

Formed in 2004, Westfield became a supporter at the launch of the second phase in 2007. The Fund is a response to the forces of global economics that have made regions the central economic unit of the 21st century. Regions, not individual communities, must be able to compete for business investment and jobs in the global economy. The mission of the Fund is to improve the 16-county region of Northeast Ohio's (the Cleveland Plus region) ability to compete in the global economy.

The Fund is not a legal entity. Rather, its members support a select number of initiatives that achieve the objectives of Advance Northeast Ohio, which is the regionís economic action plan that focus on business growth and attraction, talent development, growth through racial and economic inclusion and government collaboration and efficiency.

Team NEO, an organization that receives grant monies from The Fund, serves as the central point for business attraction. Since 2007, Team NEO has helped attract 20 new companies to Northeast Ohio, bringing more than 2500 new jobs worth $75 million in new annual payroll and nearly $150 million in incremental economic benefit to the 16-county region of Northeast Ohio.

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