From 2011 to 2024, Northeast Ohio’s automotive gross regional product (GRP) is predicted to grow 79% to become a $4.5B industry; employment is also expected to grow by 19% for the same time period, reports our October 2014 Cleveland Plus Economic Review.
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International Traffic Speeds Up
International traffic speeds up at Cleveland-Cuyahoga County Port Authority The volume of international cargo in and out of the Port of Cleveland is up nearly 28% over last year. Key to the increase in international traffic is the Cleveland-Europe Express, a once-a-month cargo service between Cleveland and Antwerp, Belgium. Through July, international cargo is up[…]
Tax Credits Approved with 73 New Jobs + $7 Million in Payroll Expected
Tax Credits Approved with 73 New Jobs + $7 Million in Payroll Expected On September 29, 2014, the Ohio Tax Credit Authority approved a Job Creation Tax Credit for Lubrizol Advanced Materials. The project will retain 525 jobs with a payroll of $55 million and create 73 jobs with a payroll of nearly $7 million.[…]
Youngstown Business Incubator
Youngstown Business Incubator Named the World’s Best The Youngstown Business Incubator, an internationally recognized program focused on the development of B2B software application companies, was recently named the world’s best university-affiliated business incubator. The University Business Incubator Index based its ranking on many factors, including job creation and sales revenues of the incubator’s start-up companies. Learn[…]
Funding For Workforce Training Available To Ohio Businesses
Funding for Workforce Training Available to Ohio Businesses Are you a business seeking financial help to train your workforce? The Ohio Incumbent Workforce Training Voucher Program will make $29.4 million available for employers to enhance the skills of their employees in 2015. Training can occur in: Advanced Manufacturing, Aerospace and Aviation, Automotive, Back Office, BioHealth,[…]
Greater Cleveland Exports Top $11 Billion
Greater Cleveland Exports Top $11 Billion in 2013 According to a new report from the U.S. Department of Commerce, Cleveland ranks 29th among the nation’s top export cities. In 2013, exports from Greater Cleveland topped $11 billion, helping to grow and sustain thousands of jobs. Ohio ranked No. 9 among states for number of jobs[…]
Youngstown-Warren ranked No. 1
Youngstown-Warren ranked No. 1 in exports The Youngstown-Warren area was ranked first among the top exports growth leaders in the 2014 Metro Rankings Report of Business Facilities magazine, a publication for corporate site selectors. The area also ranked fifth among the top export recovery leaders and ninth among the top 10 areas with the lowest[…]
Cleveland Workforce Ranks High
Cleveland’s young adult workforce ranks among the brightest in America According to a new study released by Cleveland State University, Greater Cleveland ranks 8th in the nation for the skill level of its young adult workforce, ahead of Chicago, Seattle, Austin and Denver. The study reports that 16 percent of workers between the ages of[…]
Wells Fargo Report
Wells Fargo Report: Cleveland Manufacturing Jobs Regain Footing A new economic report by Wells Fargo asserts that Cleveland’s employment outlook is improving due to the expansion of many area companies and the relocation of other businesses to Northeast Ohio. Certain sectors, in particular, are showing promise. Manufacturing is “regaining its footing,” and Northeast Ohio is poised[…]
Midwest Healthcare Startups
Midwest Healthcare Startups Raise $777 Million in First Half of 2014 Midwest healthcare startups reported $777 million in total investments across 139 companies in the first half of 2014, according to the BioEnterprise Midwest Healthcare Venture Investment Report. The totals are the highest recorded for the region both in dollars of financing and number of companies[…]