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Campaign Updates

10/22/2019 | Holding Wall Street Accountable
Published By:Crain's Cleveland Business

Addressing an image problem?: American Investment Council highlights positives of private equity in Ohio and the rest of the U.S.

According to a new report from the American Investment Council (AIC) that clearly addresses private equity's image problem, the PE industry supports more than 958,000 Ohio jobs and provides state and local taxes of nearly $2.2 billion.

Ohio ranks seventh in the country in terms the number of PE-supported jobs, according to the report. (The top three, in order, are California, Texas and New York.) The job numbers represent direct employment at PE firms and PE-backed companies, as well as related supplier jobs. By the same metrics, PE supports more than 26.3 million jobs nationwide.

Read the full article here.