- 1996: six counties form NEOTEC
- 2005: Medina County joins
- 2006: Richland County joins
Foreign-Trade Zone Growth
From its first location at the Akron-Canton Airport, Foreign-Trade Zone 181 expanded to 27 sites throughout the 8-county NEOTEC region, and is nationally recognized as a “Best Practice” in foreign-trade zone development and management. Since 2001, FTZ 181 has been a major factor in attracting more than $300 million in capital investment and the creation/retention of more than 3,000 jobs in the region.
In January 2012, NEOTEC signed a partnership agreement with the Cleveland-Cuyahoga County Port Authority for the administration of FTZ 40, for which the Port Authority serves as grantee. The agreement brings the combined acreage of both zones to more than 11,000 and increases the number of sites to 49. In addition to streamlining zone administrative duties, the partnership enables NEOTEC to enhance domestic and international marketing efforts to promote FTZ 40 and 181 as a unified multi-site global supply chain management program.
A Focus on Logistics Initiatives
In 2002, NEOTEC created the Northeast Ohio Logistics Network, a 250-member organization of logistics professionals. The organization was created to unite the industry as one voice on issues affecting the flow of goods in and out of the region. In 2003, NEOTEC formed a partnership with the United Shippers Alliance (USA), to provide volume discounts to companies for both domestic and international freight movements.
International Trade Assistance
In 2004, NEOTEC received approval for a continuing Small Business Administration and Ohio Department of Development grant to establish an International Trade Assistance Center (ITAC). Until late 2013, NEOTEC served as host site for the ITAC, providing export counseling services to companies that were new to export or wanted to expand export activity - including export basics, export readiness assessment, export compliance and procedures guidance, global logistics, documentation requirements, basic market research, and international business plan assistance. These services are now provided through NEOTEC's Global Trade Group.
With the launch of its Global Trade Group (GTG) in 2012, NEOTEC offers area companies a complete array of basic and in-depth global trade development services including on-site "executive in residence" counseling and one-on-one international trade training, as well as seminars and webinars on important international trade topics. According to NEOTEC President and CEO Ron DeBarr, GTG is a tremendous asset for area manufacturers, who can quickly get up and running in international markets when they lack the initial resources to hire dedicated personnel.
Global Business Development
The Global Business Development Initiative (GBDI) was implemented by NEOTEC in 2007 with the main objective of assisting Northeast Ohio with export sales development. This initiative has since evolved to include a second objective of attracting foreign direct investment to Northeast Ohio.