Trending News in Northeast Ohio jobs, economy, labor, immigration, and population
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.
Read MoreTransformational real estate development tax credit bill sees big changes Read More »
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.
Read More900-1800 office jobs coming to Superior Arts District downtown Read More »
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.
Read MoreTMUD tax credit could be law in November; help big Cleveland projects Read More »
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.
Read MoreCleveland can energize its lakefront in 10 years. Here’s how… Read More »
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.
Read MoreCleveland-area Ford plants redo to spark local economy Read More »
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.
Read MoreCleveland’s profile soars among out-of-state investors Read More »
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 »
A remarkable building boom is under way in Greater Cleveland. Because of a strong economic recovery that’s been picking up momentum here over the past five years, there are more large building projects in the metro area now than at any time in perhaps the past 50 years.
Read MoreCleveland: Nearly 40 towers planned Read More »
There is an incredible story playing out among the spreadsheets and city streets in the Cleveland. On the data side, real estate market observers are watching a remarkable rise in the number of housing sales and prices in the City of Cleveland. At the same time, social service organizations and agencies are witnessing a sad downside — worsening homelessness — that needs to be addressed very soon, preferably before another cold winter sets in.
Read MoreCleveland’s growing home sales AND homelessness Read More »
Cleveland’s East Side, with one big exception, is a mess. It’s got some of the worst urban poverty in the United States and is the reason for Cleveland’s #2 ranking among America’s biggest cities in terms of percentage of residents living in poverty. Only Detroit outranks Cleveland in that regard.
Read MoreLeveraging the Boomtown Read More »
