Trending News in Northeast Ohio jobs, economy, labor, immigration, and population
A pair of $100,000 grants were awarded to improve two public spaces in Cleveland that are visited by people from throughout the metropolitan area and beyond. The grants were awarded by the New York City-based Project for Public Spaces from funding originally provided by the General Motors Corp. to offer more inclusive, welcoming environments.
Read MoreCleveland wins grants for Public Square, Ohio City public spaces Read More »
Like many of Cleveland’s historic but vacant commercial buildings, the former American Gas Association (AGA) laboratory in Cleveland’s St. Clair-Superior neighborhood is about to get renovated for a new use. Unlike many other buildings, this one isn’t being converted into apartments. Instead, its new uses are intended to create long-term jobs and new businesses, especially among young women and minorities.
Read MoreCleveland AGA Building to fuel start-ups Read More »
Cleveland’s international water port took a significant stride this week toward the future as its board approved the allocation of $32.1 million in federal and state grants to help rehabilitate and modernize a key warehouse and upgrade electrical infrastructure at its General Cargo Terminal. This strategic move will ensure ongoing efficiency of port facilities and prepare the port for upcoming electrification efforts.
Read MorePort of Cleveland OKs $32M in site upgrades Read More »
High construction and financing costs along with a longer move-in timeline doomed an intriguing new Downtown Cleveland headquarters building for a growing tech firm relocating from Mayfield Heights. Those construction market headwinds along with the rise in remote working led to Park Place Technologies finding an existing office campus next to Interstate 271 in Highland Heights near its current offices that fit its needs like a glove.
Read MoreThe downtown tower that almost was Read More »
Cleveland’s biggest source of tax base is its downtown which supports services and infrastructure in the rest of the city. City officials are seeking to leverage investments in its urban core to create a feedback loop to support downtown and other neighborhoods. But not everyone is convinced this is a good thing for the rest of the city and cynics are seeking more information and research before deciding.
Read MoreCleveland seeks urban core tax-increment financing district Read More »
A Cornwall, UK-based company called Blue Abyss Diving Ltd., has acquired land in the Cleveland suburb of Brook Park for a $250 million commercial astronaut training facility and hotel, according to public records and a press release from the company. According to an economic impact study commissioned from Kent State University, the British company’s investment here after 30 years could create or support up to 21,800 jobs, add $1.5 billion to residents’ incomes and increase total economic output by $3.6 billion.
Read MoreBlue Abyss lands next to NASA Glenn Read More »
The Albert M. Higley Co., a Cleveland-based provider of construction contracting services since 1925, announced today it has merged operations with T. Allen Incorporated of Berea. The parties said that they consider this to be a strategic union which marks a pivotal moment, consolidating two esteemed companies into a formidable force within the carpentry industry.
Read MoreCleveland, Berea construction firms unite Read More »
Back when Cleveland was an industrial powerhouse, few wanted to live near its dirty, noisy industries. Today, its largest source of employment is the education and health services sector — a cleaner industry to which it’s attractive to live within a short walk or bike ride. It is centered in and near University Circle, surrounded by long-neglected neighborhoods. But investment has been coming into those places — Hough, Fairfax, Glenville, Cleveland Heights’ Top of the Hill, and East Cleveland’s Circle East — bolstering them as neighborhoods of choice.
Read MoreCleveland development: what to look for in 2024 — University Circle Read More »
For many in the real estate investment community, 2023 was the year when few new big projects were financed. The projects that were already financed under better, prior market conditions saw their construction advance, making the real estate landscape appear rosier than it really was. Now, however, as we enter 2024, there is a light at the end of the tunnel with developers already reviving or making new plans.
Read MoreCleveland development: what to look for in 2024 — Downtown Read More »
It seemed too good to be true, and alas, it was. Title to a large, mostly vacant property for the former Lake Shore Power Station, 6800 S. Marginal Rd., in Cleveland, is being transferred to a new owner. The 62-acre site is across Interstate 90 from the bulk of Cleveland Metroparks’ lakefront improvements. But it’s not the Metroparks, the city or even a developer seeking to add recreation, housing or a mix thereof next to Lake Erie.
Read MoreCleveland Lake Shore Power Plant land gets new owner Read More »
