Economic trends

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

Cleveland, other climate havens win Bloomberg bucks

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Cleveland was selected today by Bloomberg Philanthropies as one of 25 U.S. cities to join Bloomberg American Sustainable Cities (BASC) and be the recipient of $200 million divided roughly equally among them. BASC is a three-year initiative designed to leverage historic levels of federal funding to incubate and implement transformative local solutions to build low-carbon, resilient, and economically thriving communities.

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Adding ridership generators to the Waterfront Line

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Over the next two months, a Cleveland State University study will identify untapped lands in Downtown Cleveland along the inactive light-rail Waterfront Line and consider how to encourage their development for the benefit of the lakefront and the transit line. The findings could ultimately be incorporated into the city’s lakefront plan which has yet to be finalized.

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North Coast Waterfront Development Corp. names its first executive director

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Over the decades, one of the biggest barriers to developing Downtown Cleveland’s lakefront with public and private amenities was the lack of a staff dedicated to that purpose. That barrier began to come down today with the hiring of the first staff-person to lead the new North Coast Waterfront Development Corporation (NCWDC).

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Royal Docks Brewing comes to Cleveland

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In a couple of months, Stark County-based brewpub chain Royal Docks Brewing Company plans to expand to Cleveland by opening a location in Ohio City’s booming Hingetown neighborhood. Ohio City is a community with a half-dozen brewpubs already in operation. But with their planned Royal Docks Tied House + Kitchen, the proprietors are confident they can offer something the others don’t.

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Jones Day’s downtown offices on the move?

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Aside from a few rarities like Sherwin-Williams, not many corporate citizens stay in one office building for multiple decades. They are constantly growing or shrinking, their buildings get new owners, their corporate culture changes, or their biggest clients move. Another rarity is Cleveland’s largest law firm, Jones Day, which is entering its fourth decade in the same building, 901 Lakeside Ave., called North Point I.

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Downtown office tower bucks residential trend

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Since actions speak louder than words, the rumors of the 22-story office tower 1100 Superior Ave. turning residential are getting shouted down. The louder message is coming from the building’s owner who is re-signing existing office tenants and attracting new ones, despite recent tenant losses and other hardships. The actions are likely the result of a short-term strategy resulting in another sale, however.

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Seeds & Sprouts 34 – McKinsey moving atop Key, Dunham Tavern adding green infrastructure, Brooklyn Polish hall to host Encompass Health, Nia’s Cafe to open on Kinsman

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In this 34th installment of Seeds & Sprouts, we cover McKinsey & Co’s planned move to near the top of Key Tower, Dunham Tavern & Gardens adding green infrastructure, Brooklyn Polish American Home to host Encompass Health’s first foray into Northern Ohio, and Nia’s Cafe & Store plans open on Kinsman Avenue in Mount Pleasant.

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Seeds & Sprouts 34 – McKinsey moving atop Key, Dunham Tavern adding green infrastructure, Brooklyn Polish hall to host Encompass Health, Nia’s Cafe to open on Kinsman Read More »

CLE Consulting Firm leaving Downtown for MidTown

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CLE Consulting Firm, a growing provider of business accounting and tax services, has reached a purchase agreement to acquire the Euclid Gallery Building, 7029 Euclid Ave. in Cleveland’s MidTown neighborhood, public records show. The faded masonry building will reportedly be renovated as the new headquarters for the company which also has offices in Akron, Cincinnati, Columbus, Toledo and Atlanta.

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Haslams keep options open for Brook Park site

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NEOtrans’ scoop last week that the owners of the Cleveland Browns are reportedly buying a 176-acre parcel in suburban Brook Park led to a flurry of discussion about what that means since the sources didn’t say why. The most obvious speculation is that the land is for a new stadium venue for home games for the National Football League franchise. But that may be only partly true. Instead, one option is to apparently use it as part of a land trade for a stadium.

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