Team NEO

What Team NEO does

Team NEO is a private, nonprofit economic development organization founded in 2003 and headquartered in Cleveland, Ohio. It operates as JobsOhio's exclusive network partner for the 14-county Northeast Ohio region, delivering services across business retention and expansion, business attraction, site selection, talent solutions, project management and incentive strategy, economic research, and regional marketing. Services are offered free of charge to companies seeking to start, grow, or relocate in the region, and the organization engages proactively with more than 600 existing companies annually, reporting 2,950+ jobs created, $455M invested, and 90+ business investments in the past year across deals such as Seaman Corporation, ark data centers, Toft Dairy, LayerZero Power Systems, AAA Cooper Transportation, and East Trailers.

Core products are organized as integrated service lines rather than software products: Project Management Solutions, Business Retention & Expansion, Business Attraction, Promote (regional marketing), Talent Solutions, Economic Research (including the Vibrant Economy Indicators), Site Selection, and ENGAGE (stakeholder convening). The underlying technology footprint is operationally light — website, social channels, and research publications — with no disclosed proprietary technology platforms. In 2014, Team NEO acquired NorTech to bring cluster-based technology and innovation capabilities in-house.

The business model is nonprofit-funded: revenue is not publicly disclosed and is sourced from JobsOhio, private investors, and county/regional partners. Team NEO monetizes indirectly through regional economic outcomes (jobs created, capital invested, business investments landed) rather than through fees to clients. Go-to-market is a sales-led, field-based economic development model with a structured bench of business development directors covering specific verticals (manufacturing, technology/microelectronics/semiconductors, logistics) and county-level geographies, supported by the NODE Partners ecosystem and partnerships with the Ohio Department of Development, county boards, and universities. The organization is led by CEO Matt Dolan.

Name

Team NEO

Legal name

Team NEO/Cleveland Plus

Website

https://clevelandplus.com

Company type

Private

Founded year

2003

Operating status

Operating

Headcount range

11–50 employees

Short description

Team NEO is a private nonprofit economic development organization serving as JobsOhio's exclusive network partner for the 14-county Northeast Ohio region, providing free business retention, expansion, site selection, and talent services to companies across diverse industries.

Ownership category

akta.pro rank

Product category

Economic Development Services

NAICS

Business Associations (813910), Professional Organizations (81392), Management, Scientific, and Technical Consulting Services (5416)

SIC

Services-Membership Organizations (8600), Services-Management Consulting Services (8742)

akta.pro primary industry

Employment & Job Readiness Support Services (BPAGAEAJ)

Keywords

• Economic development services
• Business attraction consulting
• Site selection support
• Workforce development programs
• Corporate incentive strategies

Headquarters

HQ city

Cleveland

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Marketing or Sales, Operations, Technology or R&D, Others

Revenue model

1. Economic Development Services: Team NEO is a private, nonprofit economic development organization funded through JobsOhio and private investors. Their services are provided free of charge to businesses seeking to start, grow, or relocate to Northeast Ohio. The organization operates as part of the JobsOhio network of seven regional partners.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Team NEO is a private, nonprofit economic development organization that serves as JobsOhio's exclusive network partner for Northeast Ohio's 14-county region. It retains, expands, and attracts businesses by providing customized incentive strategies, deep industry analysis, site selection services, workforce solutions, and economic research. Its services are delivered free of charge to companies and funded through JobsOhio and private regional investors.

Product overview

Team NEO is a private nonprofit economic development organization that functions as a single integrated service platform rather than a modular software product. As JobsOhio's exclusive network partner for Northeast Ohio, Team NEO delivers a unified set of economic development services spanning business retention and expansion, business attraction, project management solutions, talent solutions, economic research, site selection, and regional marketing and engagement. These services are provided holistically to help companies stay, grow, and choose Northeast Ohio across the region's 14 counties.

Differentiator

Problem solved

Functional benefit

Products and services

• Project Management Solutions

Quantifiable outcome

• 2,950+ jobs created, $455M invested, and 90+ business investments in the past year
• +1 more outcomes

Named customers7 records

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Seven partnerships are on record, tiered core and regional.

• JobsOhiocoreStrategic or Co-development PartnerTeam NEO is the exclusive JobsOhio network partner for Northeast Ohio. As part of this relationship, Team NEO advances business growth and opportunity across the 14-county region, connecting businesses to data, resources, sites, and incentives to win new business investment.
• Ohio Department of Development (ODOD)coreStrategic or Co-development PartnerTeam NEO collaborates with ODOD on economic development projects, including tax credit approvals and coordinated support for company expansions in Northeast Ohio.
• Portage Development BoardregionalStrategic or Co-development PartnerCross-organization team including JobsOhio, ODOD, Team NEO, Portage Development Board, Portage County, and the City of Streetsboro worked with LayerZero Power Systems to support their expansion decision.
• Greater Sandusky PartnershipregionalStrategic or Co-development PartnerA unified economic development team including Greater Sandusky Partnership, JobsOhio, and Team NEO aligned resources and expertise to secure Toft Dairy's expansion investment in Sandusky.
• Wayne Economic Development CouncilregionalStrategic or Co-development PartnerTeam NEO partnered with Wayne Economic Development Council, JobsOhio, and the City of Wooster to support Seaman Corporation's headquarters expansion.
• City of StrongsvilleregionalStrategic or Co-development PartnerTeam NEO collaborated with City of Strongsville, Ohio Department of Development, and JobsOhio on Webb Chemical Service Corporation's new distribution center.
• Case Western Reserve UniversityregionalStrategic or Co-development PartnerTeam NEO partnered with Case Western Reserve University, Sherwin-Williams, and JobsOhio to create the Sherwin-Williams Paint & Coatings Studio at the Sears think[box] innovation center.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Columbus Partnership: Columbus Partnership is a central Ohio economic development and business leadership organization. Comparable to Team NEO in mission and activities (business attraction, retention, and workforce development), but it serves the Columbus/central Ohio region rather than Northeast Ohio.
• Dayton Development Coalition: Dayton Development Coalition is another JobsOhio network partner serving the Dayton region. It is comparable to Team NEO in operating model (regional economic development, JobsOhio-affiliated, business retention and attraction focus) but operates in a different geography.
• Cincinnati USA Regional Chamber: Cincinnati USA Regional Chamber is a regional chamber of commerce with significant economic development functions. It is comparable to Team NEO in serving as a regional economic development catalyst in the Cincinnati metro, but operates as a chamber rather than a JobsOhio-exclusive network partner.
• REDI Cincinnati (Regional Economic Development Initiative): REDI Cincinnati is a sibling JobsOhio network partner serving the Greater Cincinnati region. It shares the same mandate, structure, and JobsOhio affiliation as Team NEO, but operates in a distinct 8-county southwest Ohio region—making it the most direct comparable peer.

Emerging players

• Site Selection Group: Site Selection Group is a private site selection and economic development advisory firm. It is comparable to Team NEO in assisting companies with site selection, incentive negotiations, and expansion projects, but operates as a commercial consulting firm serving multiple US regions.

Regional players

• Greater Cleveland Partnership: Greater Cleveland Partnership is a Cleveland-based chamber of commerce and economic development organization. It overlaps with Team NEO in the Northeast Ohio region and shares employer engagement and advocacy activities, but is structured as a chamber and does not hold the exclusive JobsOhio regional mandate.
• Greater Akron Chamber: Greater Akron Chamber serves the Akron/Summit County area and overlaps with Team NEO's 14-county region. It is comparable as a local economic development and business advocacy organization, but focuses on a single sub-region of Team NEO's footprint.

Broad incumbents

• JobsOhio: JobsOhio is Ohio's private nonprofit economic development corporation and the parent/funder of Team NEO. As the umbrella organization, it is comparable in mission (job creation and business attraction in Ohio) but operates statewide and funds a network of regional partners like Team NEO.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/TeamNEO
• YouTubeyoutube.com/user/clevelandplus
• Facebookfacebook.com/TeamNortheastOhio
• LinkedInlinkedin.com/company/team-neo

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Team NEO