| The CEO's Corner - We're Better than We Think. Why don't we know that? |
What if I told you that Northeast Ohio's economy has grown every year for
the last 5 years?
What if I said that employment in Northeast Ohio is at its highest level
in 5 years?
What if I said that manufacturing output in our region is actually higher
than 15 years ago?
Would you believe me?
Each of these statistics is TRUE, and yet, many Northeast Ohioans continue
to think otherwise. Why is that?
Well, there are a lot of reasons, but I would suggest two:
First, no one, up to now, has regularly published data about our 16 county
Cleveland Plus, Northeast Ohio region. Without data for our region,
how
can we understand what is going on in the region? Team NEO is
now
filling
that gap with a quarterly economic report focused on economic
indicators
only for the region as a whole. Each quarter we look at
employment, total
earnings by our workforce and estimates of our region's
total economic
output, plus a special topic of interest. Viewed as
16 counties, we are
doing better in most measures than popular perception.
You can access
our most recent report by
clicking here. In this report you will find the facts behind the questions above and
much more, including:
- Unemployment has averaged 5.4% the past year, relatively low by historical
standards.
- The total payroll for the region's workforce is $7 billion per year higher
than 5 years ago, after subtracting inflation. The average worker
is
better paid in real terms than 5 years ago.
- Manufacturing still leads Northeast Ohio's economy, with 22% of our economic
output, and that output is indeed higher than 15 years ago.
- Output per manufacturing worker has jumped 35% in just the last 6 years.
We are more productive and competitive.
- Our total economy is 32% larger than 15 years ago. Yes, 32% LARGER.
There are many remarkable insights in this quarter's report. Yes, compared
to the US as a whole, our growth has been slower. But we all know
the
hits we have taken to some of our long-standing economic pillars.
And
yet, we have grown by nearly a third since the early 1990s.
Underlying
economic vitality and innovation are more than offsetting
those big
hits.
None of us should be satisfied with where we are,
but we all
should have
the confidence that we are in fact building
on the foundation
of the past
to create a better future. There are
a lot of talented
people here doing
amazing things.
So why is this not perceived and widely reported? It is human nature
and unavoidable journalistic practice to focus on the big changes
that
hit us. Economic downturns often are noisy. Growth hums. Between
the
tortoise and the hare, when the hare crashes and burns, he gets
the headlines,
while the steady progress of the tortoise doesn't make
the cut for your
favorite media homepage.
We also find it hard to describe our complex, heterogeneous region in
media-friendly sound bites. Jobs are up in some parts of the region
and
down in others. We have core cities with low personal incomes
and
other
communities where incomes are strong. The City of Cleveland
loses
population,
but more people live downtown than ever before and
the condos
keep coming.
Akron progresses while the other core cities
lag.
It is right for the headlines to be about our challenges. They urge
us to action. But, unfortunately, those negative headlines about
one
slice of our region tend to morph into an image of the region
as a whole.
Federal statistics do show that per capita income for
the 400,000 residents
of the City of Cleveland is low compared to
other large cities. But,
those same statistics show that income for
the 2,100,000 residents of
the 5 county metro-Cleveland ranks in the
top 25% of all metropolitan
areas, higher than metro-Atlanta and Charlotte.
Both views are true.
We are still learning how to think and talk about ourselves as a region.
This requires both a regional view and views that address the realities
of our many, disparate parts. As a whole, we are better than we think.
That knowledge and confidence that we are making progress, in the
face
of strong headwinds, is vital, if we are to pick up the pace
for the
benefit
of the region as a whole and for the benefit of each
community.
Tom
Top |
| Team NEO Board Strengthened |
Team NEO's governing Board of Trustees is strengthened with the recent
addition of Christopher M. Connor, Chairman and Chief Executive Officer
of The Sherwin-Williams Company and Kenneth D. Hardy, President and
CEO
of Bonnie Speed Delivery, Inc. Both of these outstanding leaders
have
successfully grown their businesses and will help Team NEO fulfill
its
mission of attracting new business investment to Northeast Ohio.
For
the full release, including bios,
click here.
Top |
| The Art and Science of Grant Writing |
Through the generosity of the Cuyahoga County Department of Development,
Team NEO is able to offer, on a first-come-first-served basis, the opportunity
for one economic development professional per community to attend a
special
two-day workshop on grant writing at the reduced fee of $75.00.
The session
will be held September 10-11, 2007 at Middleburg Heights
Community Center
and includes key winning strategies to get more money,
including:
- Where to get new money
- Why 50% of grant proposals fail
- Case studies
- Sample winning grant proposals
- Five step process for program planning
If you would like to get one of the six slots Team NEO has available
at this reduced rate, please contact Carin Rockind, Vice President of
Marketing and Communications at
crockind@teamneo.org.
Top |
| Neotechjobs.com Launched |
Talent attraction and retention will continue to be a major force in the
economic revitalization of the region. NorTech recently launched Neotechjobs.com,
the high-tech talent and opportunity matching website. There are currently
5,300 jobs in IT, Electronics, Engineering, Healthcare and Bioscience
and more than 1,300 registered technology job seekers, the majority being
in IT.
Click here to register as a job seeker or employer.
Top |
| Wayne Economic Development Council Surpasses Goal |
The Wayne Economic Development Council (WEDC) set out to raise $1.5 million
for funding the "Growing A Quality Future" campaign for economic development.
They recently announced that they have secured commitments from the public
and private sector of more than $1.8 million for four years, exceeding
its campaign goal.
The campaign will fund proactive initiatives for business retention and
expansion, new business attraction, entrepreneurship and product development.
Click here for
The Daily Record coverage of this successful campaign.
Top |
| New Industrial Building Planned for Stow Commerce Center |
The Geis Companies plans to construct a 62,412-square-foot industrial building
on 5.2 acres of land in the Stow Commerce Center. Construction is expected
to begin in late July, and should be completed by October. Consolidated
Plastics is the proposed tenant for the building. The location of their
operation in this building will create at least 20 full-time jobs and
generate about $1.25 million in annual payroll.
Top |
| InfoCision Holds Groundbreaking for new Boardman Facility |
The Youngstown-Warren Regional Chamber announced that InfoCision held a
groundbreaking ceremony at the site of its newest facility in Boardman.
The $1.5 million project is expected to create at least 120 new jobs
and retain 240 current positions. The Regional Chamber assisted InfoCision
in securing at 35% Job Creation Tax Credit form the State of Ohio. For
more details on the call center's new facility,
click here.
Top |
| Timken Invests $60 Million in Canton |
The Stark Development Board announced that The Timken Company is investing
$60 million in its steel rolling mill operations in Canton to increase
the company's capability to produce differentiated steel products, including
specialty steel bars down to 1-inch diameter. Construction was scheduled
to begin earlier this summer and is expected to be completed by mid-2008.
Click here for the full announcement.
Top | Cleveland Plus Regional Marketing Newsletter |
| |
| As a founding partner of the Cleveland Plus Marketing Alliance, we'd like
to once again share the
Pass the Plus, the alliance's new monthly newsletter, with Team NEO subscribers. | Pass the Plus + July 2007 + |
| |
Welcome to the second edition of the Pass the Plus e-newsletter. This
monthly newsletter is intended to spread some of the good news
(the
pluses)
of the Cleveland Plus region.
What exactly is the Cleveland Plus region, you ask?
Cleve•land plus n. (klev'l?nd plus)
A region located in northeastern Ohio on the southern shore of Lake Erie.
Its geographic footprint is one of the most widespread in the
United
States,
with a $140 billion economy, four major cities,
and 4 million
people in
6,000 square miles.
See also: Cleveland+
Synonyms: Northeast Ohio; Cleveland + Akron + Canton + Youngstown
YOU are a vital part of Cleveland Plus. As a resident or employee
in the Cleveland Plus region, you are one of its most important
assets.
You can help the campaign promoting Cleveland Plus by
simply
sharing
what you think makes our region so special, and
why it's
the perfect
area
to LIVE + WORK + LEARN + PLAY.
Take advantage of the clevelandplus.com Web site, PASS the PLUS by forwarding
this e-newsletter and/or submit your video to our YouTube page.
Every
one of us can make a positive impact on the Cleveland Plus
region.
Keep reading for more information on:
- Major events that have all eyes on the region
- Celebrate Cleveland month
- Cleveland ranks high in another global study
- New regional economy findings
- Plus Place of the Month: Ashtabula County
- Where to take out-of-towners in July and early August
|
| The spotlight shines on the region |
This month, two major events will take place in the Cleveland Plus region
that will draw the attention of national and international media and fans:
- The
Pro Football Hall of Fame Enshrinement will be featured on primetime television on Saturday, August 4. Leading
up to the Enshrinement is the Hall of Fame Festival which kicks off in
Canton on Friday, July 27. Saturday's activities include the Timken Grand
Parade, fireworks and concerts. The Hall of Fame game on Sunday, August
5, has the Pittsburgh Steelers and New Orleans Saints facing off in front
of a national broadcast audience.
- The
2007 World Golf Championships-Bridgestone Invitational will take place from Tuesday, July 31 to Sunday, August 5, at Firestone
Country Club in Akron. Tickets and entertainment packages are available
by calling 1-877-942-4849 or logging on to
bridgestoneinvitational.com. This year, the Invitational will be broadcast in more than 140 countries.
|
| Cleveland Ranks High for Business Travelers |
Cleveland was ranked the
sixth best city worldwide as a potential destination for business travelers. The Economist
Intelligence Unit compared 127 cities, examining factors such as cost,
culture and stability. Cleveland was the second highest-ranking U.S.
city, surpassed only by Honolulu.
View the report here.
(
Editor's note: Check out
clevelandplus.com to view other national media stories covering the Cleveland Plus region.) |
| Regional Economy More Positive Than Expected |
Team NEO's recently published June edition of its Northeast Ohio Quarterly
Economic Review revealed surprising statistics about our region's economy.
Some of the highlights include:
+ Regional employment has been stable the last 2 quarters, remaining at
the highest level the region has seen in 5 years
+ 2007 is expected to be the sixth consecutive year of growth in regional
economic output
+Manufacturing productivity has increased, and output is stable, keeping
this sector globally competitive. In fact, the Cleveland Plus region's
GRP (Gross Regional Product) per worker for the manufacturing sector has
increased, much due to new technologies and capital investments
Visit
TeamNEO.org to download a copy. |
| Akron Art Museum Grand Opening |
| A new world-class cultural destination is ready to be unveiled in Akron.
The new
Akron Art Museum will open in July with fun-filled activities for the entire family, including
a free sneak peek day on Sunday, July 15. Celebrate the Ribbon Cutting
and Inaugural Day of the new John S. and James L. Knight Building on Tuesday,
July 17, 11:00 a.m. - 5:00 p.m. |
| No zzzzzz's Here |
| When a successful Broadway musical goes on tour, where does its cast, crew
and set designers perfect the show in advance? In Cleveland, of course.
The producers of the hit Broadway musical
The Drowsy Chaperone selected
Playhouse Square in downtown Cleveland over any other city in North America to build, teach
and rehearse for its 2007 North American Tour. The six week process will
bring money, travelers and lots of creative energy to the Cleveland Plus
region. In addition, the show's first performance on its United States
tour will be at the
Palace Theatre on October 16, 2007. | | Cleveland Plus Happenings |
| New Cleveland Visitors Center: NOW OPEN FOR BUSINESS |
| There is a new Cleveland Visitors Center in the Higbee Building located
on the southeast corner of Public Square. Also in the Higbee building,
The Greater Cleveland Partnership, COSE and the Convention and Visitors
Bureau of Greater Cleveland have a new home, TOGETHER in the redesigned
space. The unique and historical building still features the original
Higbee chandeliers, revolving doors and detailed woodwork. |
| Networking in the Middle III |
| Young Professionals, mark your calendars. The next YP Networking in the
Middle event is scheduled for Thursday, August 23, from 6:00 - 9:00 p.m.
in Youngstown. More details will be available in the August Pass the
Plus e-newsletter. |
| Cleveland Plus TOOL KIT |
| The Cleveland Plus Marketing Alliance has paired up with BrandMuscle to
create a customization tool kit for marketers in organizations, corporations,
institutions and civic groups in our region. The kit allows easy access
to Cleveland Plus ads, logos and designs for new and existing marketing
materials. The Medina County CVB, The City of Akron and Tower City Center
are three organizations who have already used this tool kit to create
their own pieces. If you're interested in learning more, please contact
clevelandplus@BrandMuscle.com. |
| Ashtabula County, Ohio |
Ashtabula is geographically the largest of all the counties in the Cleveland
Plus region, and in Ohio. Made up of 27 townships, the county boasts
more than 16 historic covered bridges, quaint towns and villages,
wineries,
shopping, train rides and lots of outdoor adventures.
Tourists can take a trip back in time by visiting Ashtabula's heritage
destinations including the Hubbard House Underground Railroad Museum,
the Great Lakes Marine & Coast Guard Museum, and the Finnish American
Cultural Center.
How to get there:
Ashtabula County is easily accessible via I-90, and is situated just
east of Lake and Geauga counties. Check out Ashtabula's
special interest
map, featuring its covered bridges, wine regions, parks and trails. |
| It's cool. It sticks. It's free. |
Get your free
CLE+ sticker! Send an e-mail to
clevelandplus@yahoo.com with "sticker" in the subject line. Include your name and address in
the body of the e-mail, and we'll send one out to you ASAP. | | Cleveland Plus Adventures |
| |
Want your group, business or organization to learn more about Cleveland
Plus? Email
hKessen@LandauPR.com to book a Cleveland Plus representative to speak at your next event.
We need your help!
The Pass the Plus e-newsletter is looking for "Regional Reporters" to
keep us updated on regional events, organizations, activities, awards
and/or issues in your area. Please contact Lexi Robinson at
aRobinson@LandauPR.com if interested.
For more information:
- Pass the Plus is distributed the second Tuesday of every month. The deadline
for any newsletter suggestions or submissions is the first Tuesday of
the month.
- Do you have a favorite place in the Cleveland Plus region? Send it to
us at
clevelandplus@yahoo.com or upload a video to our
YouTube channel.
- For additional information or to contact a member of the Cleveland Plus
Marketing Alliance, email
clevelandplus@yahoo.com
or visit
clevelandplus.com.
| |