The Northeast Ohio Trade & Economic Consortium (NEOTEC) is a regional economic development partnership of 10 Northeast Ohio counties: Ashtabula, Columbiana, Mahoning, Medina, Portage, Richland, Stark, Summit, Trumbull and Wayne. These counties include the cities of Akron, Ashtabula, Canton, East Liverpool, Kent, Mansfield, Medina, Warren, Wooster and Youngstown.
NEOTEC works as a regional force to enhance economic opportunities in Northeast Ohio and strengthen the region's distinct advantages as a business location.
NEOTEC assists area companies through the administration of three important programs. First, NEOTEC promotes international trade and offers cost savings through the Foreign-Trade Zone (FTZ) program. NEOTEC is administrator of FTZ 181 in Northeast Ohio, which covers nearly 6,000 acres at numerous sites in industrial parks throughout the 10-county NEOTEC region. Companies engaged in international trade that locate within the zone can take advantage of significant, ongoing cost savings to help them compete in the global marketplace.
Second, NEOTEC works to improve market access through well-defined logistics initiatives addressed by the Northeast Ohio Logistics Network, a NEOTEC-administered organization of more than 250 area logistics and management professionals. The network's membership works cooperatively to address and impact important legislative issues related to the logistics industry and to provide an educational forum about the importance of logistics to the regional economy.
Third, NEOTEC is host site for the regional International Trade Assistance Center (ITAC). The ITAC promotes economic growth through exports by assisting small- and medium-sized businesses in Northeast Ohio that are interested in developing international markets, as well as existing exporters that want to expand markets. ITAC services include export readiness assistance, trade compliance and documentation requirements.