Industry Diversification is Key in Northeast Ohio

Team NEO’s research provides insights into Great Recession Recovery Northeast Ohio’s regional economy has steadily added jobs, increased productivity and become more diversified since the Great Recession, according to the Quarterly Economic Review (QER) released by Team NEO. The report, made possible with generous support from Fifth Third Bank, examines the progress made since the[…]

Northeast Ohio Food and Beverage Manufacturing GRP Grows 85 Percent

Technology helps power productivity in food and beverage manufacturing Food and beverage manufacturing gross regional product (GRP) grew 85 percent in Northeast Ohio (NEO) from 2007 to 2018, compared with national growth of 46 percent, reports the Quarterly Economic Review released today by Team NEO. This growth is being fueled by technological advances, including the internet of[…]

Northeast Ohio to Add 20,700 Jobs Over the Next Five Years

Team NEO report explores occupation opportunities through 2023 Northeast Ohio is projected to add 20,700 jobs across all occupations over the next five years, including 8,500 new healthcare openings for practitioners, and technical and healthcare support personnel. Additionally, more than 1 million replacement workers will be needed over the next five years, including 160,000 in[…]

Northeast Ohio to Add 20,700 Jobs Over the Next Five Years

Team NEO report explores occupation opportunities through 2023 CLEVELAND, OH – Northeast Ohio is projected to add 20,700 jobs across all occupations over the next five years, including 8,500 new healthcare openings for practitioners, and technical and healthcare support personnel. Additionally, more than 1 million replacement workers will be needed over the next five years,[…]

Northeast Ohio Professional Services and Headquarters Employment Grows

Northeast Ohio Professional Services and Headquarters Employment Grows Team NEO report reveals how this important sector is thriving here Northeast Ohio has the second-heaviest concentration of headquarters employment share among the 20 largest metros in the U.S., reports the Quarterly Economic Review released today by Team NEO. From 2001 to 2017, headquarters and professional services[…]

Northeast Ohio Manufacturing Is Rebounding, Expecting Bright Future

Northeast Ohio Manufacturing Recovering from Great Recession When recession struck the United States in 2007, manufacturing employment, output and productivity began declining across the nation, including in Northeast Ohio, a region built on a rich history of manufacturing. But today, with the recession nearly nine years behind us, Northeast Ohio is rebounding – outpacing the[…]

Northeast Ohio Manufacturing Is Rebounding, Expecting Bright Future

Economic development groups reveal state of manufacturing in Northeast Ohio CLEVELAND, OH – February 14, 2018 – In partnership with MAGNET: The Manufacturing Advocacy and Growth Network, Team Northeast Ohio (Team NEO) today released a report that indicates the region is rebounding from the Great Recession of 2007, nearly matching pre-recession output levels, and outpacing[…]

NORTHEAST OHIO’S GROWING ECONOMY DIVERSIFIES

Report reveals industry changes since 1990 and projections for the next decade November 20, 2017 – Northeast Ohio’s output, or Gross Regional Product (GRP), grew 48 percent from 1990 to 2017, and is projected to grow another 14 percent in the next decade, reports the quarterly Cleveland Plus Economic Review released today by Team Northeast[…]

November 2017 QER Assessment | Industry Diversification

Northeast Ohio’s Growing Economy Diversifies  Northeast Ohio’s output, or Gross Regional Product (GRP), grew 48 percent from 1990 to 2017, and is projected to grow another 14 percent in the next decade as highlighted in Team NEO’s latest Quarterly Economic Review. The report identifies areas of strength within Northeast Ohio’s economy, including sectors such as[…]

June 2017 QER Assessment | NEO Food Industry by the Numbers

Northeast Ohio’s Food and Manufacturing Employment Growth Outpaces the Nation  Food and beverage manufacturing employment grew 21 percent in Northeast Ohio from 2007 to 2016, compared to 5 percent nationwide, reports the quarterly Cleveland Plus Economic Review. This growth is expected to continue over the next decade, with projections of 14 percent growth for NEO and[…]