Economic trends – Page 14

Two new jobs that could change Cleveland’s landscape forever

Ken Prendergast / January 17, 2020

The creation of two jobs can change a region in a significant way. Cases in point are two medically related positions — one that was just filled and the other that was recently advertised.

Yesterday, Cleveland State University (CSU) hired a new employee that will probably be a game changer for Cleveland and Northeast Ohio. It could ultimately lead to thousands of new jobs. Yes, thousands.

Two new jobs that could change Cleveland’s landscape forever Read More »

Cranes-over-MetroHealth-new-hospital-campus

25 on 25: twenty-five developments along/near West 25th

1 Comment / Ken Prendergast / December 29, 2019

If it seems like there’s been a lot of news lately about developments along West 25th Street between the Cleveland neighborhoods of Ohio City and Brooklyn Center, you’re right. And there’s more to come in that 2.5-mile-long corridor.

25 on 25: twenty-five developments along/near West 25th Read More »

Cleveland ended the decade with a boom, and it’s showing

7 Comments / Ken Prendergast / December 23, 2019

When John Knopfler and his spouse moved into their Tremont house where a large family had just moved out, each did what many are doing in Cleveland these days. They’re participating in the city’s Fifth Migration, bringing with it socio-economic changes unlike any experienced from the previous four migrations in the past 223 years.

Cleveland ended the decade with a boom, and it’s showing Read More »

Transformational real estate development tax credit bill sees big changes

4 Comments / Ken Prendergast / December 11, 2019

A proposed Transformational Mixed-Use Development (TMUD) tax credit pending before the state legislature was substantially amended today during a hearing of the Ohio House of Representatives’ Workforce & Economic Development Committee.

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900-1800 office jobs coming to Superior Arts District downtown

1 Comment / Ken Prendergast / November 7, 2019

Over the next couple of years, approximately 900 office jobs are due to arrive in the Superior Arts District. That number could double by the mid-2020s as two fast-growing companies are relocating their headquarters to this redeveloping area of Superior Avenue on the eastern edge of downtown Cleveland.

The new jobs would add to several hundred office workers already there.

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TMUD tax credit could be law in November; help big Cleveland projects

3 Comments / Ken Prendergast / October 26, 2019

Skyline-changing legislation has suddenly sparked back to life in the Ohio legislature. Substitute Senate Bill 39, to create a tax credit for insurance companies to invest in Transformational Mixed Use Developments (TMUDs), could aid several big real estate developments in Cleveland.

TMUD tax credit could be law in November; help big Cleveland projects Read More »

Cleveland can energize its lakefront in 10 years. Here’s how…

6 Comments / Ken Prendergast / June 4, 2019

Greater Clevelanders’ favorite past-time is to complain about the weather. But somewhere in their top-five of complaints is probably the attractiveness of our downtown lakefront. As I write this, several projects proposed for the lakefront are in active discussions by community leaders and appear to be competing for the same pieces of real estate.

Cleveland can energize its lakefront in 10 years. Here’s how… Read More »

Cleveland-area Ford plants redo to spark local economy

Ken Prendergast / May 31, 2019

Redeveloping one auto plant measuring nearly 2-million-square-foot for a single manufacturer is a pretty big deal. The redevelopment of two of them for a single manufacturer is a bigger deal. The use of them for producing game-changing automotive technologies is about as big as it gets.

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Cleveland’s profile soars among out-of-state investors

1 Comment / Ken Prendergast / November 19, 2018

Presidential candidate Ross Perot in 1992 famously referred to a “huge sucking sound” when it came to jobs leaving the USA. When money starts pouring into a city like Cleveland, it ought to make a sound, too. It is, and people are noticing.

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Cleveland’s economy is kicking butt

2 Comments / Ken Prendergast / October 20, 2018

In case you’ve missed it, and judging by the lack of coverage in local mainstream media you have, but Greater Cleveland’s economy has managed to win some serious momentum in recent months.
September jobs data from the Bureau of Labor Statistics just came in this past week (see chart below). It showed that Greater Cleveland’s employment grew by 2.7 percent compared to September 2017 year-over-year (YOY). That would have been an increase over August’s robust 2.5 percent increase YOY, except that August’s preliminary data was adjusted upward to 2.7 percent in this latest report.

Cleveland’s economy is kicking butt Read More »