May 2010 + Cleveland Plus Well-Positioned For "Green" Cleantech Economy

Northeast Ohio is well-positioned for the next generation of energy products, known as “Cleantech” says Team NEO in a report issued today. The report, Team NEO’s May 2010 Cleveland Plus Economic Review, sites that many of the products in the supply chain are the same materials and components used in traditional manufacturing industries such as automotive and aerospace, therefore creating an opportunity to build this industry with existing skills and materials expertise. Team NEO states that hundreds of Cleveland Plus region companies are already producing components for the Cleantech industry, which the report defines as knowledge-based producers or services that improve operational performance, productivity or efficiency while reducing costs, inputs, energy consumption, waste, or pollution. Specifically the report indicates:

• Cleveland Plus Manufacturing Expertise Offers Strong Base for Companies in the Cleantech Supply Chain
• NEO Cleantech Supply Chain Stronger than U.S. Average
• Cleveland Plus Workforce in Place for Cleantech Industry