Technology Driving the Future of Manufacturing

Economic development groups collaborate to reveal state of manufacturing in Northeast Ohio The Manufacturing Advocacy and Growth Network (MAGNET) and Team NEO collaborated to report on the Northeast Ohio Region’s manufacturing industry, including the state of manufacturing today, projections through 2025 and steps the ecosystem is taking to help expand the use of innovation industry[…]

New Economic Projections for Northeast Ohio in 2021

Team NEO provides updated forecasts based on March 2021 data from Moody’s Analytics The Northeast Ohio Region may have cause for renewed optimism. Recent calculations by Team NEO, based on March 2021 annualized national and local projections from Moody’s Analytics, indicate improvements over previous projections. Specifically, in 2021: Employment is projected to grow 1.7%, up[…]

Construction is a Vital Part of the Northeast Ohio Region’s Economy

Industry experts collaborate to reveal insights The Construction Employers Association (CEA) and Cleveland Building & Construction Trades Council (CBCTC) collaborated with Team NEO to report on the construction industry, including trends for the decade 2009 – 2019 as well as projections post-pandemic through 2025. With a track record of steady job growth, jobs offering family-sustaining[…]

In-Demand Occupations Remain Critical During Pandemic

Workforce Connect Healthcare Sector Partnership and Team NEO collaborate on occupation opportunities Cuyahoga Community College (Tri-C®), leader of the Workforce Connect Healthcare Sector Partnership (WCHSP), and Team NEO have released Team NEO’s December 2020 Quarterly Economic Review, about the state of job postings during the pandemic, with a focus on health care needs and opportunities[…]

IT Reports Reveal Northeast Ohio’s Employment Potential

Greater Cleveland Partnership and Team NEO collaborate on IT deep dive RITE, the tech talent arm of the Greater Cleveland Partnership, and Team NEO have released complementary reports about the state of information technology employment in Northeast Ohio: RITE Talent Bulletin The 2019 RITE/ConxusNEO IT Employer Survey looked into IT staffing trends, employer investments into[…]

Northeast Ohio Economic Projections Post COVID-19

Team NEO report provides insights on impact and opportunity Team NEO’s June 2020 Quarterly Economic Review takes a look at the potential performance of the Northeast Ohio economy through 2025. Calculating projections based on the June annualized national and local projections of employment and gross domestic product (GDP) from Moody’s Analytics, Team NEO shares the[…]

Technology and Productivity Advance Manufacturing

Economic development groups collaborate to reveal state of manufacturing in Northeast Ohio The Manufacturing Advocacy and Growth Network (MAGNET) and Team NEO released complementary reports at the 2020 State of Manufacturing City Club event: MAGNET’s 2020 State of Manufacturing survey results are a compilation of insights from 673 manufacturing companies that responded to the fourth[…]

Momentum is Strong in Northeast Ohio’s $22 Billion Health Care Industry

Team NEO research shows significant, sustained health care GDP and employment growth since 2001 Health care stands strong as a major driving force in Northeast Ohio’s economy. The region is a health care hub, with more than 60 hospitals and a vibrant biomedical community. Northeast Ohio’s 18 counties have shown substantial and steady growth in[…]

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[…]