Diversifying Industries Positively Impacting Northeast Ohio Economy
Northeast Ohio is performing similar to the U.S. in this Recession : In the 1981 recession, Northeast Ohio’s employment and GRP rate dropped much more sharply than the U.S.; Today’s recession is trending much closer due in part by our region's shift in industry mix; During 1981 recession, Manufacturing accounted for 28% of employment; today it represents 12%
Diversified mix and shift to higher growth industries may be positively impacting NEO economic stability in this recession : Northeast Ohio's Biomedical industry has grown by 37% in the last 5 years, outpacing U.S.; The region's Professional, Scientific and Technical Services has grown 79% in the past 15 years with Scientific Research and Development growth doubling U.S. Northeast Ohio's Aerospace-Related Industry has grown by 59% in the last 15 years
Cleveland Plus Workforce Transitioning: Since 1981, individuals with some college education have increased about 120%. Individuals with bachelor’s or an advanced degree have increased by nearly 75%
Click here to download and share the December 2009 Cleveland Plus Quarterly Economic Review
Plus InSite : Companies. Properties. People. Data.
Built on the same platform as the OhioInSite application, this is a powerful site selection tool designed to help the active capital investor find the Ohio location that best suits their project's needs. Ohio InSite provides you with workforce and demographic data, business data, Ohio sites and buildings and thematic maps.
Monday, March 8, 2010
The new facility will create 30-35 new jobs with competitive salary and benefit packages within the first three years of operation. Project investment is estimated at between $12 and $14 million including land, building construction and new machinery and equipment.
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