April 2014 QER Assessment:
Northeast Ohio Biomedical Industry Grows to $5.6B
Northeast Ohio’s biomedical industry has surpassed pre-recession levels to become a $5.6 billion sector in 2014, reports Team NEO's quarterly Cleveland Plus Economic Review. The sector grew 59% from 2000 to 2014 while other industries remained relatively flat. Read more
Two articles debunk federal jobs report claims that Greater Cleveland is losing jobs – more reliable sources show job gains
Since May, the Bureau of Labor Statistics (BLS) jobs report has stated that the Cleveland metropolitan area has lost more jobs than any other metro area in the US. This seemed unlikely to a team of economists from Northeast Ohio who compared BLS data with more reliable stats from the Quarterly Census of Employment and Wages, which measures 98% of employment and wages in the US. They found, among other things, that from June 2012 to June 2013, Cleveland gained about 9,000 jobs – a stark contrast to the 7,000 job loss reported by BLS. Read the Cleveland Plain Dealer's editorial and Crain's Cleveland article.
Organizations continue to invest in our vibrant, growing economy
Check out our latest brochure on the major capital investments that are taking place in the Cleveland Plus region. With more than $17.5 billion in developments from 2009 – 2014, Northeast Ohio is a lively, vital destination for business.
Northeast Ohio featured in the February issue of Hemispheres
Northeast Ohio is featured in a special 56-page editorial section in the February issue of Hemispheres, United Airlines’ in-flight publication. This special section, named Dossier, provides an in-depth overview of the region, including the unique initiatives that are shaping industry and commerce here as well as our influence on the global economy. It will travel around the world during the month of February on United’s 5,300 daily flights. Click here to view the feature.
Visit Team NEO's Business Attraction Microsite
The business attraction microsite includes information about our region’s assets, highlights emerging industry clusters and describes the business services Team NEO offers. The site also shares information about Northeast Ohio’s quality of life and lists recent rankings and reviews. Check out clevelandplusmakesthings.com.