Cleveland Plus Is Very Much Alive

8/6/2008 1

Here’s proof that the Cleveland Plus region is very much alive:

Positive GRP Growth:  

• Northeast Ohio has enjoyed positive GRP growth in 14 of the last 15 years
• In real dollars, Northeast Ohio’s economy is 30% greater than 15 years ago. Today, it is $170 Billion.

Growing Industries in last 15 years:  

• Professional, Scientific & Technical Services has grown by 74%
• Information Industry has grown by 64%
• Management of companies and enterprises has grown by 88%
• Finance & Insurance has grown by 60%
• Chemical Manufacturing by 35%

Strong Industrial Real Estate Market :

• Real Estate Research Corporation states that Cleveland is one of the top ten industrial markets to watch in 2008
• Northeast Ohio’s vacancy rate is the second lowest point in the last five years.

Cleveland Plus Earns Top Honors:

• Cleveland in Top Ten Cities for commuters 
• Cleveland ranks better for young professionals than Orlando, Las Vegas, Miami, Tampa.
• Best place raise a family   
• Cleveland in top 20% for best cities for outdoors 
• The 2003 – 2005 average growth rate in the number of Ohio venture capital firms is 3.1%
• Cleveland listed above Los Angeles, San Francisco, New York, Orlando, Minneapolis-St. Paul, for Hot Cities list
• JumpStart is on their top 100 VC Firms list   
• Cleveland Clinic ranked #1 in heart care for the last 14 years and has grown by 25% in the last 3 years.  
• RTA is best public transportation system in the US

Significant Investments In Cleveland Plus Region:

• Hundreds of Millions of Dollars Being Invested Exciting Development Projects 
• More than $760 million in new investments in Northeast Ohio biomedical companies 

Regional Vitality:

• 29 colleges and universities
• 26,000 degrees awarded annually
• 175,000 degree-seeking students
• Cleveland is largest performing arts center in the country outside of New York City
• Downtown Cleveland housing, currently about 10,000 units with 3000 more expected due to new construction
• Current occupancy for downtown housing is 93% to 94%

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