JobsOhio report: 200K new jobs, $9.3B in payroll from private economic development agency
Mar. 2—JobsOhio, the state's private job creation and economic development arm, has completed more than 2,500 projects, created more than 200,000 new jobs resulting in $9.3 billion new payroll in its first eight years, the organization said in its latest IRS filings.
Overall in 2020, JobsOhio increased its number of employees from 102 to 106, a 4% increase, and wages increased by 11% over 2019.
"When Ohio needed it most, during a pandemic year, JobsOhio utilized its industry experienced team, statewide reach through the JobsOhio network partners and private funding to quickly pivot to help thousands of Ohio businesses sustain their operations and retain jobs while continuing to compete for economic development projects that will drive future opportunity and help this state come out of the pandemic stronger than before," JobsOhio said.
The report included salaries of its top officials and directors, with J.P. Nauseef — the entity's president and chief investment officer, who has ties to the Dayton area — reporting a 2020 salary of $522,478.40, an increase over his 2019 pay.
Nauseef, a former Dayton-area entrepreneur and former leader of the Dayton Development Coalition, started with JobsOhio early in 2019.
According to JobsOhio's most recent fiscal year quarterly financial statement, the nonprofit paid $3.98 million in salaries and benefits in the three months ending Sept. 30, 2020, up from nearly $3.44 million in the same period in 2019.
Nauseef made $274,402.67 in 2019. His predecessor at JobsOhio, John Minor Jr., was paid $621,322 in 2018.
JobsOhio also released its annual report this week, showing that the corporation supported 307 projects that created 19,021 new jobs, $1 billion in new payroll, with $7.8 billion in capital investments.
The nonprofit also invested up to $250 million in COVID response programs.
"The CEO pay was adjusted and is now similar to the compensation of other CEOs of private economic development organizations including the Cleveland Foundation; the Columbus Partnership; the Ohio Capital Corporation for Public Housing; large city chambers of commerce; and more," JobsOhio spokesman Matt Englehart said Tuesday.
JobsOhio's 2020 salaries ("local wages") can be seen in the Form 990 filed on its web site: https://www.jobsohio.com/news/posts/2020-wages-2019-irs-form-990/
Salaries for other top JobsOhio executives: — Dana Saucier, vice president, economic development: $428,697.54. — Brian Fause, chief financial officer: $348,755.58. — Kristi Tanner, JobsOhio senior managing director — who played a pivotal role in persuading Chinese industrialist Cho Tak Wong, chairman of Fuyao Global, to build Fuyao Glass America in Moraine in 2014 — made $312,939.89. — Terry Slaybaugh, once the city of Dayton's aviation director, now JobsOhio vice president of sites and infrastructure, made $257,490.27.
