Tax Credits Approved with 215 New Northeast Ohio Jobs Expected
On March 3, 2014, the Ohio Tax Credit Authority approved Job Creation Tax Credits to facilitate the creation of 215 new Northeast Ohio jobs and investments totaling more than $5 million. 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.
Team NEO Announces Starting Wage and Benefits Survey
CLEVELAND, February 10, 2014 — Team Northeast Ohio (Team NEO) is partnering with The Corporate University, Kent State University at Stark to conduct a survey to gather and report starting pay and benefits information. Read More.
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.
Team NEO and Partners Set New Records
January 31, 2014 — In partnership with local economic development organizations, JobsOhio and the state of Ohio, Team Northeast Ohio (Team NEO), recruited a record 16 new companies to Northeast Ohio in 2013. These new companies represent nearly 1,400 direct new jobs and more than $85 million in new direct annual payroll. Read more
Tax Credits Approved with 450 New Northeast Ohio Jobs Expected
On January 27, 2014, the Ohio Tax Credit Authority approved Job Creation Tax Credits to facilitate the creation of 450 new Northeast Ohio jobs and investments totaling more than $160 million. Read more
Q3 2013 QER Assessment | Northeast Ohio Post-Recession Exports Rebound Faster Than US
Northeast Ohio’s 2012 export activity reached $31 billion, exceeding pre-recession levels, reports the quarterly Cleveland Plus Economic Review released today by Team NEO. From 2009 to 2012 exports increased 34%, exceeding the rate of US exports, which improved 26% over the same time period. Read more
Nestlé to Move US Pizza Business to Northeast Ohio
Relocation will Bring 250 New Jobs to the Region
Nestlé USA announced that the company is relocating its Nestlé Pizza Division from its present location in Northbrook, Illinois to Solon, Ohio. The relocation will bring approximately 250 high-paying jobs to Northeast Ohio, with a payroll of $21.7 million. Read more
MESNAC Americas to Open
Research and Technical Center in Akron
MESNAC, the world’s second largest producer of equipment for the rubber and tire industry, will open a Research and Technical Center in Akron, creating at least 35 research jobs by 2016. While MESNAC considered other potential locations, they ultimately recognized the value of locating in Northeast Ohio where it could take advantage of our region’s strength in rubber and tire technology, resources and talent. Read more
The Trust Belt:
Northeast Ohio Capitalizes on Assets and Opportunities
The diversification of Northeast Ohio’s industrial base, the strength of our regional assets, and our long-standing ability to adapt, innovate and seize new opportunities are the keys to our region’s economic resilience and resurgence. It has allowed us to recover from the Great Recession more quickly than many other areas of the country and strengthened our ability to grow and attract businesses and investors. Read more
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.