Instead of attempting to resolve the region’s economic problems at an individual community level, public organizations, private foundations, and individuals have banded together to take a region-centric approach to economic development throughout the area. One of the cornerstones of this regionalism is the creation of The Fund for Our Economic Future (The Fund), a consortium of over 100 foundations and organizations in the area. Through their Advance Northeast Ohio regional economic plan, The Fund has supplied the resources for and implemented a number of initiatives.
At the same time, other groups have been created to further the region’s advancement. In addition to NEOTEC, organizations such as Team NEO, MAGNET (Manufacturing Advocacy and Growth Network), JumpStart Inc., BioEnterprise, NEOinc (Northeast Ohio Incubator Collaborative) and NorTech exist to provide knowledge, expertise, and financial assistance to companies in the area.