Team NEO and Partners Set New Record In partnership with local economic development organizations and the state of Ohio, Team NEO recruited 15 new companies to Northeast Ohio in 2012. These new companies represent more than 1,000 direct new jobs and more than $46 million in new direct annual payroll. Many additional jobs will be[…]
IAMC Picks Cleveland for 2015 Conference Five hundred corporate real estate executives and economic developers will come to Cleveland in the fall of 2015 for the Industrial Asset Management Council (IAMC) professional forum. “This is great news for Northeast Ohio because the attendees of the IAMC forum are the very business location decision makers we[…]
Steve Fritsch Receives “40 Under 40” Award in Economic Development Steve Fritsch, director, regional business development for Team NEO has been selected as a winner in the economic development profession’s “40 Under 40” awards, the first awards program recognizing young talent in the economic development profession. A five-member selection committee chose the winners from a[…]
Ohio Launches New Effort to Help Working Ohians Upgrade Their Skills The Ohio Incumbent Workforce Training Voucher Program will fill a gap in current workforce development programs by providing needed training dollars to Ohio’s incumbent workforce through a unique public-private partnership. The ultimate goal of this program is twofold: allow employers to retain and grow[…]
The shift from traditional manufacturing to advanced manufacturing is playing a critical role in the region’s economic transformation, reports the fourth quarterly Cleveland Plus Economic Review. Between 2010 and 2020, manufacturing Gross Regional Product (GRP) is projected to grow 39%, to a $43 billion sector of the economy. US output is projected to grow 33%.
The ongoing transformation of Northeast Ohio’s economy continues to improve the industrial base for employment and Gross Regional Product (GRP) performance, reports the third quarterly Cleveland Plus Economic Review. The 30-year period from 1990-2020 shows growth in employment and GRP for most sectors of the Cleveland Plus economy.
Manufacturing continues to play a critical role in the region’s economic recovery, reports the second quarterly Cleveland Plus Economic Review of 2012. Northeast Ohio’s Instruments, Controls and Electronics (ICE) sector – the focus of this report – is contributing to this recovery and is an example of how the region is diversifying, evolving and growing[…]
Growing activity in the oil and gas industry and an unemployment rate that is outperforming the national average are contributing to the steady growth of Northeast Ohio’s economy, reports the first quarterly Cleveland Plus Economic Review of 2012.