Business Expansion News and Releases

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  1. Regional Leaders Join Team NEO Board of Trustees

    Wednesday, October 21, 2009

    PNC Executive, Paul Clark, and Cleveland Clinic CFO, Steven Glass Elected Trustees

  2. Northeast Ohio Aerospace-related Sector Grew 59 Percent Throughout Last 15 Years

    Monday, October 12, 2009

    Team Northeast Ohio (Team NEO) released the latest edition of the quarterly Cleveland Plus® Economic Review today with a focus on the region’s growing aerospace-related sector. Findings include that Northeast Ohio GRP for the sector has grown 59% since 1993, now representing 24% of all manufacturing. With significant regional growth in the industries that supply to the aerospace sector, the collective $8 billion cluster of these industries is helping to transition the Cleveland Plus regional economy

  3. Rolls-Royce announces expansion of fuel cell research in North Canton

    Monday, September 21, 2009

    Rolls-Royce announced on Monday that it will expand its fuel cell research division in North Canton, a move that public officials said will create 60 jobs and retain 32.

  4. Team NEO Adds New Board Members

    Tuesday, August 18, 2009

    April Miller Boise, Dr. Roy Church, Ray Dalton, Joe Lopez and Thomas Murphy join board as trustees

  5. Cooperation Lands 500 Jobs

    Thursday, August 13, 2009

    VXI plans to open its call center Oct. 1, starting with 150 employees, including some 100 inbound sales agents for “a major satellite television provider,“ information technology and human resources staff, and local management.
  6. BASF Catalysts in Elyria to expand and receive $24.6 million in federal stimulus money to produce lithium-ion batteries

    Thursday, August 06, 2009

    The company will expand its Elyria plant over the next three years for the work, said Prashant S. Chintawar, manager of the lithium-ion division at BASF. Ultimately, this will enable BASF to produce the materials for batteries that go into "everything from hybrid-electric to full electric vehicles," Chintawar said.
  7. Barbasol Announces Investment in Ashland

    Wednesday, August 05, 2009

    Ashland officials are in a delighted lather -- Barbasol is coming to town. Barbasol plans to open a 78,000-square-foot plant by April, employing 30 within three years and up to 75 more by 2016, officials said.
  8. Northeast Ohio Professional, Scientific and Technical Services Sector GRP Grew 79% throughout last 15 years

    Monday, July 13, 2009

    Team Northeast Ohio (Team NEO) released the latest edition of the quarterly Cleveland Plus® Economic Review today with a focus on the region’s growing Professional, Scientific and Technical (PS&T) Services sector. Findings include that Northeast Ohio GRP for the sector (including Scientific Research & Development and Scientific and Technical Services) has grown 79% since 1993, outpacing the nation’s average in several industries.  Fueling this growth is the region’s strong heritage of invention, a strong base of significant research institutions, and a growing entrepreneurial sector.

  9. London-based Xchanging looks at Cleveland Plus region for hundreds of jobs

    Tuesday, June 30, 2009

    London-based Xchanging looks at Cleveland Plus region for hundreds of jobs; Xchanging Inc. could add up to 785 jobs -- averaging $20 an hour in wages and benefits -- to a 250-person work force already in the area, company and state officials said.

  10. Team NEO Announces Economic Development Award Winners

    Wednesday, June 03, 2009

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