Economic trends

Trending News in Northeast Ohio jobs, economy, labor, immigration, and population

Downtown steam plant to be razed, redeveloped

Eight redevelopment project sites won a total of nearly $18 million from the Ohio Department of Development’s Brownfield Program so the sites can be cleaned up and, in some cases, their existing structures are to be demolished. One of those where demolition is planned is the former Cleveland Thermal steam plant, 2274 Canal Rd., in Downtown Cleveland.

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Two new Hough developments sell for $30M

In a $30.6M deal, a national real estate investment firm added 119 newly constructed apartments in Cleveland’s Hough neighborhood to its growing portfolio. New Jersey-based Reynolds Asset Management acquired Park Lamont, 9606 Lamont Ave., and The Lumos, 1866 E. 93rd St. Both are located a short walk or bike ride from jobs and classrooms in booming University Circle.

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Glenville Job-Ready Site more than doubles in size

Too much is never enough. When you’re marketing land to new end-users, you can’t have enough clean, developable land in the urban core. And one of the largest, if not the largest in the city of Cleveland has just been assembled by the Cuyahoga Land Bank. The site is located at 12610 Kirby Ave. in Cleveland’s Glenville neighborhood, bordering on Collinwood.

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Miceli Dairy anticipates doubling its employment

When Miceli Dairy Products, 2721 E. 90th St. in Cleveland, broke ground today for the expansion of its new cold storage facilities, it also teased a follow-on project — a planned new research center plus mozzarella cheese manufacturing plant next to the Opportunity Corridor Boulevard. These additions in the coming years are anticipated to double Miceli’s current employment of 250 people.

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Polling data shows voters oppose Browns move

One day after the region’s chamber of commerce announced its support for the construction of an enclosed stadium in Brook Park, a poll of likely voters in Cuyahoga County was leaked to NEOtrans, showing most of those voters opposed the Cleveland Browns leaving downtown for the suburbs. The poll also said that opposition was putting at risk a county sin tax to repair facilities for all of Cleveland’s major sports teams.

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Cleveland owns its lakefront opportunities

One year ago, the City Planning Commission “hired” Cleveland State University’s 17th Street Studios for a Masters of Urban Planning and Development (MUPD) capstone project to look at how to enhance the underutilized light-rail Waterfront Line. One of the findings was that the city of Cleveland literally owned its own ability to boost the rail line and the lakefront overall.

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Cleveland Airport project’s first two steps take off

Ten days ago, Mayor Justin Bibb announced a $1.6 billion plan to construct the Cleveland Hopkins International Airport’s Terminal Modernization Development Program (TDMP). Today, more details came to light about that plan, called CLEvolution, as the City Planning Commission unanimously approved the first two steps forward in that eight-year program.

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